The economic analysis of Contract Law is a specialised branch of Law and Economics. It is essentially a synthesis of two distinct but well-established branches—Theories of Contract and Economics of Contract Law. Due to specialisation, these two fields have developed relatively independent from each other over the years, especially in that Contract Economics relies on a simplified notion of the role of law (both legislation and courts) and Law and Economics scholarship focuses on the role of courts and legal doctrine, sometimes at the expense of what parties do out of court. This book tries to make a meaningful contribution to both fields by reconnecting them. Of late, most law schools and Economics departments offer courses in Law and Economics at both under-graduate and post-graduate level. Economic Analysis of Contract Law is taught as a small part of Law and Economics at a very rudimentary level. A stand-alone course on the Economics of Contract law is rare. The majority of the texts available for this purpose cover the entire gamut of Law and Economics. This book attempts to raise the level by bringing in the latest developments in the literature and specialised areas of contracts and Contract Law.