Indemnity Clause

A Contract of Indemnity is defined in Section 124 of the Indian Contract Act, 1872 as:

124. “Contract of indemnity” defined.

124.”Contract of indemnity” defined.-A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is […]

How to draft a contract? The Introduction- Part 1

By |November 24th, 2009|Contract|1 Comment

Introduction-Part 1 of 2 Part Series

Before I tell you about drafting a contract, it is better to remind you about the essentials of a contract under Indian Law.

As per Section 10 of the Indian Contract Act, 1872.

What agreements are contracts.-All agreements are contracts if they are made by the free consent of parties competent […]