Section 11 of the Indian Contract Act 1872 Explained: Who Can Legally Enter into a 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: Definitions and Explanation of All Clauses
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 and also create a legal relationship between the contracting parties. In…
Read more »Arbitration Clause in an Agreement: Meaning, Importance and Legal Effects
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 »11 Month Lock-in Period in Rent Agreement: Meaning, Rules & Legal Rights
Introduction: You often see your relatives or friends who are renting property, like a house, flat, or shop; there is one common term repeatedly heard: the duration of the rental agreement is set for 11 months. Sometimes, one…
Read more »Lock-in Period in Rent Agreement: Everything Tenants and Landlords Should Know
Introduction: A lock-in period in rent agreement is a clause that is commonly added to a rental agreement. It refers to the fact that the tenant can continue in the property for a specific period of time. It…
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 out certain rules that define some essential elements of a valid contract, and…
Read more »Indemnity Clause in a Contract: Meaning, Importance and Examples
Introduction: The word “indemnity” comes from the Latin word indemnis”, meaning “to be uninjured” or “to suffer no harm or loss”. It also refers to protection or security against financial losses. The Indemnity clause is one of the…
Read more »What are Essential Contract Clauses, and how to use them in a Contract?
Introduction: Every contract has some specific goals for the parties. These can reduce risk, negotiate terms, protect rights, etc. That’s the reason the clauses that you include in a contract play a significant role. Because of the lack…
Read more »Section 10 of the Indian Contract Act, 1872: Essentials of a Valid Contract Explained
Introduction Section 10 of the Indian Contract Act, 1872, outlines the basic legal requirements for agreements to become legally binding contracts. For example, if an agreement is made by the free consent of the contracting parties, with a…
Read more »CPC Order 1 Rule 5: Must Every Defendant Be Interested in All Reliefs?
Introduction CPC Order 1, Rule 5 defines the parties to a suit; according to this provision, it is not necessary that every defendant be interested in all relief claimed in a lawsuit. The court can allow multiple defendants…
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