What Are the Key Elements of a Valid Contract in India? ππΌ" An essential question for businesses and individuals: π€ "What makes a contract legally valid in India?" #ContractLaw #LegalContracts #BusinessLaw #IndianLaw Understanding what makes a contract legally binding is crucial for any business or individual entering into an agreement. Whether it’s a partnership agreement, employment contract, or service agreement, a valid contract protects all parties involved. Let’s break down the key elements that make a contract enforceable in India. ✍️⚖️ #BusinessAgreements #LegalBinding #ContractElements π Key Elements of a Valid Contract: Offer and Acceptance – One party must make a clear offer, and the other must accept it without ambiguity. Intention to Create Legal Relations – Both parties must intend to enter into a legally binding agreement. Consideration – There must be something of value (money, services, goods) exchanged between the parties. Capacity to Contract ...
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