Contracts & Commercial Law
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According to the Indian Contract Act 1872, acceptance is the final and unqualified expression of assent to the terms of a proposal. Acceptance must be given in the manner and within the time specified in the proposal, o…
17 min read
Standard-form contracts are common in modern business transactions, ranging from consumer purchases to complex commercial deals. These contracts are pre-drafted and presented to parties on a "take-it-or-leave-it" basis…
7 min read
Definition: An agreement, as defined in Section 2(e) of the Indian Contract Act 1872, is a promise between two parties, involving consideration. A common example is a rent agreement, where the owner and tenant agree on…
8 min read
The difference between an offer and an invitation to offer is straightforward and depends mainly on the "intention" of the parties involved.
8 min read
A proposal is when one person makes an offer to another person, intending to create a legally binding agreement. It shows their willingness to do or not do something, which becomes the basis of a contract.
18 min read
