The Danish Contracts Act is a key piece of legislation in Denmark that governs the formation and enforcement of contracts. 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, and sets rules for consumer protection. It aims to ensure fairness and clarity in contractual relationships, promoting trust and stability in the Danish economy.