Introduction The purpose of a contract is to establish the agreement that the parties have made and to fix their rights and duties in accordance with that agreement. The courts must enforce a valid contract as it is made, unless ...

Introduction When two parties come to a contract, there are some legal steps through which they make the contract. Earlier, when a dispute between two parties occurred during the contract there became a chaotic situation. The parties fought against each ...

Arbitration clause: We enter into contracts day after day. Taking a seat in a bus amounts to entering into a contract. When we put a coin in the slot of a weighing machine, we entered into a contract. We go ...

Introduction: Parties are usually free for determine their person procedure for giving appointment to arbitrator, which also include the procedure for the selecting the chairman or an umpire. If the parties did not accept for specifying the mode for the ...

Introduction Right from the beginning of the civilization till today, people have been using different methods to solve differences and disputes among themselves. These methods have varied from physical combat to large battles, negotiations to courtroom litigations and so on. ...

Introduction As the world is becoming over populated, disputes and conflicts between people has surged up to a new level. The society has a huge role to play when it comes to justice. When people seek for justice, most of ...

INTRODUCTION The most important part is integral parts of the contract. Consideration is most integrating part on the contract. Consideration is one of the essential elements of a contract together with consent of the parties and object of the contract. ...

INTRODUCTION The term consideration is given to the subject that is exchanged in a contract. The most common and obvious exchange is money for goods or service. Consideration means making an agreement to pay for goods or services. Consideration is ...

 1.1 Introduction  The mere fact of agreement alone does not make a contract. Both parties to the contract most provide consideration if they wish to sue on the contract. This means that each side must promise to give or something ...

A contract is an agreement, enforceable by law where every promise and every set of promises, forming the consideration for each other, is an agreement. The law of contract is most important part of commercial law because every commercial transaction ...