Contract enforcement refers to the legal processes that ensure parties involved in a contract fulfill their obligations. When one party fails to meet the terms, the other party can seek remedies through the legal system. This may involve filing a lawsuit or seeking mediation to resolve the dispute. Effective contract enforcement is crucial for maintaining trust in business transactions. It provides a framework for accountability, ensuring that agreements are honored. Various laws and regulations, such as those governing commercial contracts and consumer protection, play a significant role in how contracts are enforced in different jurisdictions.