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hi im michelle welcome back to finally revealed in this episode i want to revisit contracts and i want to talk about a concept called freedom of contract in the united states we have many freedoms and one of those is freedom of contract youve probably heard about caveat emptor which is buyer beware which is a phrase thats been around for hundreds of years well freedom of contract is a principle that is applied through our court system and what it means is just because you made a bad deal or you made a bad decision or you were in a hurry or you didnt read the contract or you didnt know what you were signing or that is not going to excuse you from being bound by the terms of the contract you have freedom of contract as long as you meet the prerequisites for forming a valid contract which i talk about in another video for example your of legal age and so long as the contract is not about an illegal subject matter youre going to have to perform it if somebody in wants to push it and