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hello everyone and welcome to the first of this 10-part series focusing on the law of contract in england and wales the aim of this lecture series is to introduce you to some of the key concepts that underpin the law of contract and to act and to give you some guidance on how to study that as well i find having studied contract law for many years and having practiced it in industry that it can be quite difficult simply due to the volume of information available so the aim of this mini lecture series is to break it down into its constituent parts to enable you to learn it more efficiently so lets get stuck [Music] in so in terms of our plan of attack were going to start by looking at why exactly do we need some form of contract law why do we need regulation when it comes to the dealings between parties both business to business and business to consumer and as part and parcel of that were going to look at the origins of contract law and the introduction of that lasse fair economic sy