Contract law primarily governs what aspect of law?

Contract law primarily governs agreements between parties, centering on the legally binding obligations that arise from mutual consent. This area of law provides the framework for individuals and businesses to create enforceable agreements, determining the rights and responsibilities of the parties involved.

By establishing rules about the formation, execution, and enforcement of contracts, contract law facilitates transactions and ensures that parties can rely on the commitments made by one another. This legal structure is essential in various contexts, including commercial agreements, employment contracts, and personal transactions, providing predictability and stability in business and personal relationships.

The other options pertain to different areas of law. Arguments between states would fall under international law or dispute resolution, while the enforcement of criminal statutes deals with criminal law, which addresses conduct deemed harmful to society. Regulations on trade relate more specifically to commercial regulations and trade law, which govern practices and policies affecting trade rather than the agreements between parties.