Laissez-faire Definition

Laissez-faire Definition:: French: leave alone. A theory of contract law that persons ought to have freedom of contract with minimal state or judicial interference.

Ryan defines laissez faire as:

“... that parties should have the utmost freedom in their contractual relations, with as little state intervention as was consistent with public order.”

REFERENCES:

Duhaime, Lloyd, Contract Law
Duhaime, Lloyd, Legal Definition of Freedom of Contract
Ryan, K. W., An Introduction to The Civil Law (Sydney: The Law Book Co. of Australia, 1962), pages 29-34

Categories & Topics:

Contract Law Dictionary

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