The Indian Contract Act, 1872 – Detailed Explanation with Examples and Landmark Cases The Indian Contract Act, 1872 governs contracts in India and lays down the rules regarding contract formation, execution, and enforceability. The Act defines the legal obligations between parties who enter into an agreement and ensures that contractual rights and obligations are fulfilled. …
INSURANCE CONTRACT (As per the Indian Contract Act, 1872 & Applicable Insurance Laws in India) This Insurance Contract (“Agreement”) is made and entered into on [Date], at [Place], by and between: Insurer: [Insurance Company Name], a company registered under [Applicable Law], having its registered office at [Address], (hereinafter referred to as the “Insurer”). …
CONSTRUCTION & ENGINEERING CONTRACT (As per the Indian Contract Act, 1872 & Other Applicable Laws in India) This Construction & Engineering Contract (“Agreement”) is made and entered into on [Date], at [Place], by and between: Employer/Client: [Full Name/Company Name], a [individual/company] registered under [Applicable Law], having its registered office at [Address] (hereinafter referred to …
INTELLECTUAL PROPERTY RIGHTS (IPR) AGREEMENT (As per the Indian Contract Act, 1872 & Applicable Intellectual Property Laws in India) This Intellectual Property Rights (IPR) Agreement is made and entered into on [Date], at [Place], by and between: Owner/Assignor: [Owner’s Full Name/Company Name], a [individual/company] registered under [Applicable Law], having its registered office at [Address] (hereinafter …
LOAN AGREEMENT (As per the Indian Contract Act, 1872 & Other Applicable Laws) This Loan Agreement is made and entered into on [Date], at [Place], by and between: Lender: [Lender’s Full Name], a [individual/company/bank/financial institution] registered under [Applicable Law], having its registered office at [Address] (hereinafter referred to as the “Lender”). Borrower: [Borrower’s Full …
REAL ESTATE SALE AGREEMENT (As per the Indian Contract Act, 1872 & Transfer of Property Act, 1882) This Real Estate Sale Agreement is made and entered into on [Date], at [Place], by and between: Seller: [Seller’s Full Name], a [individual/company] registered under [Applicable Law], having its registered address at [Address] (hereinafter referred to as the …
SERVICE AGREEMENT (As per the Indian Contract Act, 1872) This Service Agreement is made and entered into on [Date], at [Place], by and between: Service Provider: [Service Provider’s Name], a company/individual registered under [Applicable Law], having its registered office at [Address] (hereinafter referred to as the “Service Provider”). Client: [Client’s Name], a company/individual registered …
SALE OF GOODS AGREEMENT (As per the Indian Contract Act, 1872 & Sale of Goods Act, 1930) This Sale of Goods Agreement is made and entered into on this [Date], at [Place], by and between: Seller: [Seller’s Name], a company/individual registered under [Applicable Law], having its registered office at [Address] (hereinafter referred to as the …
FORMAT OF EMPLOYMENT CONTRACT (As per the Indian Contract Act, 1872) This Employment Agreement is made and entered into on this [Date], at [Place], by and between: Employer: [Company Name], a company registered under [Applicable Law], having its registered office at [Address] (hereinafter referred to as the “Employer”). Employee: [Employee Name], residing at [Employee Address], …
Format of a Business Contract as per the Indian Contract Act, 1872 A business contract should be drafted carefully, ensuring clarity, legality, and enforceability. While the Indian Contract Act, 1872 does not prescribe a fixed format, a well-structured business contract generally includes the following essential components: BUSINESS AGREEMENT/CONTRACT This Agreement is made on [Date] at …
