Category: Contract Law
Elements of a Valid Contract: Understanding the Foundation of Binding Agreements
Contracts form the backbone of commercial transactions and personal agreements, providing a legal framework that ensures parties’ rights and obligations. For a contract to be valid and enforceable, certain essential elements must be present. In this article, we will explore the key elements of a valid contract, including capacity to contract, free consent, legality of […]
Formation of a Contract: Understanding the Essentials under the Indian Contract Act
Contracts are the foundation of business transactions and legal relationships. They provide certainty and enforceability to agreements between parties. The Indian Contract Act, 1872, governs the formation and enforcement of contracts in India. This article aims to explain the essential elements required for the formation of a valid contract under the Act, including offer, acceptance, […]
