Breach of Contract under the Indian Contract Act, 1872
Introduction A breach of contract arises when one contracting party does not fulfil their contractual obligation towards the specified under the contract. A breach of contract is a critical matter; it harms the contractual relationship between the contracting…
Read more »What is an Anticipatory Breach of Contract? Know Everything
Introduction An anticipatory breach of contract occurs when one contracting party inform through words, conduct, or action that they will not agree to fulfil their contractual obligation before performance time. Under the provisions of the law, it counts…
Read more »Section 13 of the Indian Contract Act, 1872: Consent Defined
Introduction: For making a legally valid contract, free consent is a significant element. Section 13 of the Indian Contract Act,1872, deals with consent, and Section 14 defines free consent. According to that, “When two or more persons agree…
Read more »What Is A Marketing Service Agreement?
Introduction A marketing services agreement (MSA) is a form of contract that is made between two parties. In this contract, the parties set the terms and conditions of the agreement. In this agreement, one party offers certain marketing…
Read more »Section 11 of the Indian Contract Act,1872: Who are competent to contract
Introduction Section 11 of the Indian Contract Act,1872, defines the fundamentals of the capacity of the parties. The provisions of Section 11 need to be fulfilled for the parties to enter into a legally binding contract. In this…
Read more »Section 2 of the Indian Contract Act, 1872: Interpretation Clause
Introduction: Section 2 of the Indian Contract Act,1872, defines the basic and fundamental provisions for forming contracts. We know that contracts are the heart of every business also create a legal relationship between the contracting parties. In this…
Read more »What is an Arbitration Clause in an Agreement?
Introduction: An arbitration clause in an agreement refers to the contractual provision that says the contracting parties have agreed to resolve their dispute via private arbitration instead of public litigation. This clause is binding on the parties, certain…
Read more »What is an 11-month Lock in Period in Rent Agreement? You Need to Know
Introduction: You often see in your relatives or friends who are entered in rented property, like a house, flat, or shop; there is one common term repeatedly heard that the duration period of the rent agreement is set…
Read more »What is the Lock-in Period in Rent Agreement?
Introduction: A lock-in period is an agreement clause that is commonly added to a rent agreement. It refers to the fact that the tenant can continue in the property some specific period of time. It is an agreement…
Read more »10 Essential Elements of a Valid Contract: Example & Importance
Introduction A valid contract is based on a legally valid and enforceable agreement. The Indian Contract Act,1872, outline contracts in India. This Act also sets up certain rules that define some essential elements of a valid contract, and…
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