LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Gaurav sharma   15 May 2020

Valid contract

Dear experts,
Please provide what are the practical aspects to be kept in mind to make a binding business contract enforceable in court like making agreements in Stamp paper.
Thanks.


Learning

 1 Replies

Gaurav Parashar   01 June 2020

Respected Sir,

The Indian Contract Act, 1872 defies certain essential to be fulfilled in order to form a valid contract i.e.

1. Offer and Acceptance

2. Intention

3. Consideration

4. Competent Paeties

5. Free Consent 

6. Object should be lawful

Along with these essentials the subject matter of contract shall not be declared void under the act.

You can also refer to the article, link is attached below: 

https://www.lawyersclubindia.com/articles/essentials-of-a-valid-contract-9250.asp


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register