Phenomenon of contract in civil law

The article considers the phenomenon of the contract in the Ukrainian legislation and its adaptation to the standards of the European Union. Regulatory acts that contain provisions on contracts are examined; special attention is paid to the Civil Code of Ukraine as the main document providing the legal regulation of contracts. Separate articles of the Civil Code, which define the contract and its role in the regulation of civil relations, were analyzed in detail. The concept of the contract as one of the decisive elements of the mechanism of legal regulation of property and personal non-property civil relations is considered. It is concluded that the extension and complication of economic relations leads to the transformation of the system of contracts, appearance of new contractual forms in particular in the spheres of service rendering, compilation of information, international scientific-technological cooperation, etc.