Does An Agreement Need To Be Signed By The Parties?
Introduction Contracts are legally binding documents; they set the terms and conditions for specific purposes. After it is signed by the parties, it becomes a legally binding agreement. The contracting parties are accountable for their parts of the…
Read more »Is a verbal Agreement Binding in PA in Business?
Introduction Being a business owner, you often enter into various agreements. Some of the agreements you choose to make are verbal, without writing. A verbal agreement is a form of contract; it is made between the parties without…
Read more »What is a Legally Binding Contract Under the Contract Law?
Introduction A contract is an agreement that is made between two or more persons and is a legally binding contract. It is also enforceable by the court of law. It is optional to have a contract created in…
Read more »What is the Importance of Free Consent under the Indian Contract Act, 1872?
Introduction Consent and free consent often create confusion because of their similarities. However, there is a difference between them as per the Indian Contract Act of 1872. These words are related to contracts. According to that law, the…
Read more »What Is A Formation Of A Contract?
Introduction The formation of a contract must meet some essential element that helps establish a legally valid contract. Suppose when we talk about the crucial features required for forming a contract offer and acceptance. In this process, the…
Read more »What is Standard Form Of Contract?
Introduction Now, we see that the legal system has reformed and developed compared to past rules and regulations of contract law. These evolutions of law resolve some of the difficulties that come with changes in time and situations.…
Read more »What is Unenforceable Contract under the Contract Law?
Introduction A contract is created between two or more for doing something or not. It is one kind of legal document legally binding to the contracting party and lawfully enforceable by law. A party can make a mutual…
Read more »Remedies for Breach of Contract under the Contract Law
Introduction Some remedies for breach of contract are given in the Contract Law. Breaching of a contract occurs when the contract parties fail to fulfill their obligation towards the contract. As we know, a well-written contract is essential…
Read more »What Is Implied Contract Under The Contract Law?
Introduction When we think about the contract, a common thing that comes to mind is a written contract. Contract parties put it in writing when they agree with each other’s terms and conditions. However, there is no mandatory…
Read more »What is a Performance of a Contract?
Introduction Performance is the essence of every contract. A contract enables a legal obligation upon the contracting parties. Non-performance of a contract may create trouble for the contracting parties. The performance of a contract comes out when the…
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