Consideration & its Elements Consideration:When at the desire of the promisor, the promisee or any other person has done or abstained from doing or does or abstains from doing or promises to ...

Details about an Agreement What do you mean by preamble of an agreement Most contracts include a set of paragraphs that cover a few significant aspects of the agreement, the linked transaction,...

Introduction to contract of Indemnity:You might be aware of the basic rule that whoever harms or causes injury to another person has to pay the damages or costs to the injured person. The contr...

Contract of guarantee has been defined under section 126 of the Indian contract act, 1872. i.e., A contract of guarantee is a contract to perform the promise, or discharge the liability of...

Consideration is one of the essentials of forming a valid agreement. The consideration needs to be lawful. The Section 2(d)[1] of the Indian Contract Act, 1872 defines consideration as, "Whe...

Indemnity"Indemnity is defined as a mutual contract between two parties where one person promises the other to compensate for the loss against payment of premiums."[1] Indemnity has been explai...

When some goods are misplaced by the original owner and subsequently found and taken possession of by another person, various legal conundrums arise. The finder of these lost goods shouldn't ha...

Breach of contract inherent power to terminate the contract without terminate clause A contract is a legally enforceable agreement between two or more parties. Upon entering the contract, pa...

Brief Facts: The petitioner in this case is the owner of factory producing ropes. He agreed with some contractors for hiring workmen in his industry. The job of contractor was to hire the work...

What is legal drafting?In simple words, drafting means preparing a preliminary version of a document. So, legal drafting can be defined as collection of law, its components, facts and other rel...