Outsourcing Contracts
Outsourcing refers to hiring someone else to do the work which was done by you or your employees earlier. Outsourcing happens across various industries e.g. Information technology, KPO, BPO, etc. Offs...
Read More.png)
Mistake of Fact and Mistake of Law
One of the significant factors of a valid contract is free consent. Both the parties involved in the contract must enter the contract with consent and under no force. Various factors damage the free c...
Read More
Quasi-Contractual Obligations under the Indian Contract Act, 1872
Under the Indian Contract Act, certain obligations are not in actual contracts because they lack one or the other essential elements of a contract, but are still enforceable in a court of law. Such ob...
Read More
Contingent Contract
The word ‘contingent’ means when an event or situation depends on some other event or fact. The ‘contingent contract’ means enforceability of that contract is directly depends upon happening o...
Read More
Misrepresentation under the Indian Contract Act, 1872
A misrepresentation is a misleading statement of a material fact made by one party which has an impact on the other party judgment concerning a contract. If the misrepresentation is established, the c...
Read More
Types of Damages under Section 73 of the Indian Contract Act, 1872
The Indian Contract Act, 1872 does not define the term ‘’ damages.’’ However, commonly, it means an award of money to be paid to a non-defaulting party by a defaulting party as compensation fo...
Read More
Free Consent Under the Indian Contract Act, 1872
In order for a valid contract to persist, it is essential to ensure the free consent of the parties. There is a concept of consensus-ad-idem which implies that the parties entering into the contract m...
Read More
CIRCUMSTANCES LEADING TO LAPSE OF AN OFFER
INTRODUCTION TO LAPSE OF AN OFFER A contract is formed between two parties when one party makes an offer to another with the intent of obtaining the other party's approval to the offer. Once the ...
Read More
Void Agreements
The law relating to contracts in India is governed by The Indian Contract Act, 1872. However the Contract Act does not purport to codify the entire law relating to contracts, the Act also specifically...
Read More