Post by: Femi Jebrina in Legal MCA
Contract of Agency Contract of the agency is a legal relationship, where one person appoints another to perform on the transactions on his behalf. The person who appoints the other to take care of his transactions is the principal. Whereas,…
Post by: Femi Jebrina in MCA
Capacity to Contract Capacity to contract means the competency to enter into a valid contract legally. The capacity to contract binds the parties of the contract with a promise to oblige by it. But only certain persons have the competency…
Post by: Femi Jebrina in Legal
Breach of Contract A breach of contract occurs when one of the parties of the contract do not abide by the terms of the contract. The breach in a contract happens even when there is a failure in the performance…
Post by: Femi Jebrina in MCA
Discharge of Contract The discharge of the contract takes place when the obligations of the contract between the parties of the contract come to an end. This also ends the legal validity of the contract. The discharge of the contract…
Post by: Sreeram Viswanath in MCA
Types of Contract The Indian Contract Act classifies a contract on the basis of various criterion, the likes of which is covered in this article. A contract, in general, is a written or spoken agreement which particularly deals with employment,…
Post by: Renu Suresh in MCA News
Requirements for a Valid Contract A valid contract is an agreement, which is binding and enforceable. In a valid contract, all the parties are legally bound to perform the contract. The Indian Contract Act, 1872 defines and lists the essentials…
