Contract Law

Agency law - Principles & Essentials

Agency law embodies delegation of responsibility, establishing fiduciary obligations thatbind agents to act in the best interests of principals. Consent is the foundation of thisconnection, emphasizing the voluntary character of the parties involved.

Lawyer's Arc
Jan 28, 2025

20 mins to read

Contract Law

Quasi contract

Contracts are the backbone of any legal system, providing a framework for parties to establish mutual obligations and rights. While express contracts, those explicitly agreed upon by parties, are the most common, a fascinating and often misunderstood category known as quasi-contracts exists.

Lawyer's Arc
Jan 26, 2025

39 mins to read

Contract Law

WHAT ARE THE REMEDIES FOR BREACH OF CONTRACT?

A breach of contract occurs when one party failed to fulfil the agreed terms of the valid contract. The party which suffered loss can sue on another party for compensation. Example: X promises to deliver furniture on 2nd December to Y. Later X fails to deliver furniture on certain day. Here, X fails to fulfil his promise. Here the parties failed to fulfil essential elements of the contract.

Lawyer's Arc
Jan 26, 2025

38 mins to read

Contract Law

Remedies for breach of contract

The damage that is being made from a distance or indirectly related to the person who has being damage is known as, Remoteness of damage. For ex- If person A and person B had an accident crashing their cars and person C who was standing nearby had a miscarriage by the accident then person A and B are not directly related to the cause done to person C.

Lawyer's Arc
Jan 26, 2025

33 mins to read

Contract Law

Doctrine of Restitution Under the Contracts Act

Section 65 of the Indian Contract Law, 1872, specifies the notion of restitution, which introduces a legal theory intended to address unjust enrichment stemming from a contract breach. Its basic idea is to reverse any profits made as a result of the breach and return parties to their pre-contractual positions.

Lawyer's Arc
Jan 26, 2025

22 mins to read

Contract Law

Quasi Contracts and Claim for Compensation

Contracts are like promises in the world of law, ensuring that agreements between people are followed. A simple example is buying a phone – the seller promises to give you the phone when you pay. In the legal world, a contract, as defined in Section 2(h) of the Indian Contract Act, 1872, is an agreement recognized and enforced by the law.

Lawyer's Arc
Jan 26, 2025

74 mins to read

Contract Law

Quasi Contracts and Unjust Enrichment (Section 68 to 72, Indian Contract Act)

Contracts are an essential part of our legal system and regulate a wide range of daily interactions and transactions. In contract law, the idea of quasi obligations is frequently disregarded. Contracts implied by law or quasi-contracts are terms used to describe these relationships that bear resemblance to contracts.

Lawyer's Arc
Jan 26, 2025

41 mins to read

Contract Law

A DEEP DIVE INTO FORCE MAJEURE CLAUSES IN CONTRACT LAW

Force majeure, originating from French civil law, literally translates to "greater force." It encompasses events, including acts of nature like hurricanes or tornadoes, as well as human-induced incidents such as armed conflicts. In essence, force majeure signifies occurrences beyond the control of contract parties.

Lawyer's Arc
Jan 26, 2025

25 mins to read

Contract Law

All you need to know about Breach Of Contract

Section 2(h) of the Indian Contract Act, 1872 defines an agreement that is enforceable by law[1]. When the offer is accepted and the promise is made for acceptance, it forms the agreement and then after the payment of consideration a legal contract that binds the party for performance of what is written in the contract is made, it is contract.

Lawyer's Arc
Jan 26, 2025

33 mins to read

Contract Law

Types of Contract

There are several forms of contracts, and each one has certain terms and conditions that are meant to meet the requirements of the parties involved. Even after accounting for the differences, certain similarities are still found. A contract's execution, character, legality, and creation process may all be classified.

Lawyer's Arc
Jan 26, 2025

24 mins to read