General Assembly Resolution # 205
A resolution to improve worldwide human and civil rights.
The World Assembly:
AFFIRMING that all people have a fundamental right to liberty, which includes the freedom to choose, think, and act as an individual within the confines of socially acceptable behavior;
CONVINCED that a person's freedom to voluntarily and willfully make agreements with others is an important part of their fundamental right to liberty;
BELIEVING that recognition of the freedom to form contractual agreements would improve and promote commercial and social interactions between and within world nations;
1. DEFINES a "contract" for the purposes of this resolution as "an agreement between two or more persons containing specific terms that the parties intend to be legally binding and enforceable;"
2. DECLARES that any person who a member nation regards as competent to manage his or her own affairs shall be permitted by that nation to freely enter into binding contracts;
3. CLARIFIES that while a person must generally be permitted to contract freely, member nations - either individually or through collective WA action - may regulate certain contracts or agreements within their jurisdiction if doing so is necessary to meet some compelling public policy interest;
4. OBLIGATES Member Nations to provide an enforcement mechanism for valid contracts;
5. PERMITS Member Nations - either individually or through collective WA action - to establish reasonable rules regarding the form required for contracts, including whether certain contracts must be in writing, signed by the parties, and/or notarized by a government official.