What is the role of the legal system in resolving disputes and enforcing contracts?

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What is the role of the legal system in resolving disputes and enforcing contracts?

The role of the legal system in resolving disputes and enforcing contracts is to provide a fair and impartial forum for parties to present their case, interpret and apply the law, and deliver a judgment or decision. It ensures that disputes are resolved in a peaceful and orderly manner, based on the principles of justice and equality. Additionally, the legal system enforces contracts by holding parties accountable for fulfilling their obligations and providing remedies or compensation in case of breach. It upholds the rule of law, promotes stability and predictability in commercial transactions, and protects the rights and interests of individuals and businesses.