# Conclusion

Contracts are a fundamental part of business. It is important to understand how contracts are formed, performed, and executed in order to be successful. This understanding also includes understanding what performance is required, what defenses are available when someone breaches a contract, and what remedies are available in the event of a breach.

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<summary>Attributions and Licensing</summary>

Except where otherwise noted, this page's content is adapted from [Concluding Thoughts](https://pressbooks.pub/introductiontobusinesslaw/chapter/chapter-10/) in [*Fundamentals of Business Law* ](https://pressbooks.pub/introductiontobusinesslaw/)by Melissa Randall (2020), used under [CC BY-NC-SA 4.0](https://creativecommons.org/licenses/by-nc-sa/4.0/).

This page is licensed under [CC BY-NC-SA 4.0](https://creativecommons.org/licenses/by-nc-sa/4.0/). <img src="/files/pPi3atcoqT9rA4kTq80x" alt="" data-size="line">

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