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Understanding Contract Law
A contract is the foundation of every business transaction. A well-drafted contract clearly outlines the rights, responsibilities, and 'remedies' for all parties, preventing future disputes. A poorly drafted one can lead to ambiguity, financial loss, and 'litigation'.
Our firm provides expert legal services for individuals and businesses at every stage of the contract lifecycle, from initial drafting and 'negotiation' to review and management.
Major Contract Enactments
The system of contracts is based on several key laws:
The Indian Contract Act, 1872
The primary law that governs all contracts, defining 'offer', 'acceptance', and 'breach'.
The Specific Relief Act, 1963
Provides 'remedies' like 'specific performance' (forcing a party to perform) and 'injunctions'.
The Sale of Goods Act, 1930
Governs contracts for the sale of 'movable property' (goods).
Transfer of Property Act, 1882
Governs contracts related to 'immovable property', such as sales and leases.
The Companies Act, 2013
Defines the 'capacity' of a company to enter into contracts.
Indian Stamp Act, 1899
Governs the 'stamp duty' required to make certain contracts legally valid.
Typical Contract Drafting Process
We guide clients through every step of creating a robust contract.
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