Contract law: A field of law that regulates obligations arising from a contract formed, either expressly or impliedly, between two entities. Contract law regulates, among other important issues, the formation, the defences against the validity, and the various ways of the ending of a contract, as well as the remedies for a breach of contract.
Tort law: The body of law that regulates obligations arising from a civil wrong. In this case the obligation is created by a duty to compensate the injured party for the wrong caused, not based on an agreement between the parties but on the required standard of conduct. Torts may be caused either intentionally or negligently.
