In the case of innocent misrepresentation, the judge takes into account the likelihood that a party will rely on the false allegation and the importance of the erroneous assertion.  When a bond comes into effect, contracts arise on the basis of a commitment made by one of the parties. To be legally binding as a treaty, a promise must be exchanged for an appropriate consideration. There are two different theories or definitions of consideration: the theory of bargains of consideration and the theory of utility-detriment of consideration. In order to reach agreement on what has been agreed and to conclude a contract, the parties must agree on this point: an error is a misunderstanding of one or more contracting parties and can be used as a reason for cancelling the agreement. The common law has identified three types of errors in the Treaty: frequent errors, reciprocal errors and unilateral errors. If the contract does not comply with the legal requirements that are considered a valid contract, the law does not enforce the contractual agreement and the aggrieved party is not obliged to compensate the non-infringing party. In other words, the plaintiff (a non-dented party) in a contractual dispute suing the criminal party can only obtain reimbursement of the damages-expectations if he is able to prove that the alleged contract was in place and that it was a valid and enforceable contract. In this case, the expected damages are awarded, which attempt to make the non-injurious part a while attributing the amount that the party would have paid in the absence of a breach of contract, plus the reasonably foreseeable damages suffered by the offence. It should be noted, however, that there is no punitive damages for contractual remedies and that the non-injurious party should not receive more than the expectation (the monetary value of the mission if it had been completed in full). Finally, a modern concern that has increased in contract law is the increasing use of a particular type of contract called “contract contracts” or “formal contracts. This type of contract may be beneficial to some parties, due to the convenience and ability of the strong party in a case to force the terms of the contract to a weaker party.