The Danish Act on Contracts, officially known as the Danish Contracts Act, governs the formation and enforcement of contracts in Denmark. It outlines the essential elements required for a valid contract, such as offer, acceptance, and consideration. The Act also addresses issues like contract interpretation, performance, and breach, providing a legal framework for resolving disputes. Additionally, the Act includes provisions on specific types of contracts, such as sales and leases, ensuring clarity and fairness in commercial transactions. It aims to protect the rights of parties involved while promoting trust and reliability in the Danish legal system.