Legal Definitions - autonomy of the parties

Autonomy of the parties is also known as freedom of contract. It means that people have the right to legally bind themselves through mutual agreement and free choice. This principle states that contracts should not be interfered with by external control, such as government interference.

For example, if two people agree to sell and buy a car, they have the freedom to negotiate the terms of the sale, such as the price, payment method, and delivery date. As long as both parties agree to the terms, the contract is legally binding and cannot be interfered with by external forces.

This principle is important because it allows individuals to create their own relationships and agreements without interference from the government or other external forces. It is a fundamental aspect of contract law and is essential for the functioning of a free market economy.