“Service is the Rent we pay for the Privilege of Living on this Earth.” Introduction A security deposit is an amount that a tenant pays to the landlord at the start of the tenancy. The sum that a tenant gives the landlord as a security deposit is paid at the beginning of the tenancy. It is…
Introduction: An agreement made to restrict a person’s right to legal proceedings or limit the time for filing a suit is void. But the section that declares these types of agreements has an exception that allows restricting the jurisdiction to one court and enforcement of any legal proceeding in a court of law if parties…
Introduction: An agreement that restricts someone from doing a lawful trade or business either wholly or partly is void as it takes away one’s right to trade. The agreement that restraints doing trade in a particular area or for a period of time is also void. Although, there are some exceptions, where one can be…
1) Introduction: Boilerplate clauses in a business contracts are provisions which are not necessary to form part of the business deal but which are necessary to give some form of protection for a party, which explain certain method or procedures which may arise as per the contract or business relationship or to lay out the…
Introduction: According to section 2(g) of the Indian Contract Act, 1872 “an agreement not enforceable by law is said to be void.” From section 24 to 30 of the act mentions certain agreements which are void. Although, the agreement satisfy the essentials of a valid contract. Types of Void Agreements: This act divides the void…
Introduction: The Indian Contract Act, 1872 provides that certain agreements are void. These types of agreements include agreement that breaches the law or public policy or takes away the right of someone. A kind of this agreement is “agreement in restraint of marriage”. Agreement in restraint of marriage is void. Click here to know more…
1. Introduction: Section 24 of the Indian Contract Act, 1872 defines the unlawful agreement. As per this section, unlawful agreement is an agreement where parties entered into an agreement but the consideration or the object of the agreement is unlawful then the agreement is void. But if a valid consideration or object of the agreement…
The Indian contract Act, 1872 occupies an important place in the mercantile or commercial law of the country. This act has special importance for the commercial sector because a major part of the commercial activity is dependent upon it. It affects everybody, even, trade, commerce and industry. Hence, we can say that the contract is…
1) Introduction: The word ‘Contingent’ means to depend on something which is uncertain or happening by chance. As per Section 31 of the Indian Contract Act, 1872 a contingent contract is a contract to do or not to do something, if some event, surety to such contract, does not happen. When the contract is dependent…
Introduction: There are such agreements that are unlawful because they are against the law. These agreements may be to commit a crime or defraud or corrupt someone. The Indian Contract Act, 1872 provides no particular provision that describes which agreements are unlawful; the same can be understood by the judgments. Definition: An unlawful agreement is…
