Contracts are vital for smooth business operations, defining rights, obligations, and dispute resolution mechanisms.
Sale and purchase agreements
Partnership and shareholder agreements
Service agreements and NDAs
Employment contracts
Clear scope of work and responsibilities
Payment terms and timelines
Dispute resolution and termination clauses
Compliance with Indian Contract Act, 1872
Specific performance
Compensation for damages
Arbitration or court proceedings
“A well-drafted contract prevents disputes and ensures enforceable legal rights.”
Q1. Are oral contracts enforceable in India?
A: Yes, but written contracts are preferred for clarity.
Q2. Can NDAs be legally enforced?
A: Yes, under Indian Contract Act provisions.
Q3. What is specific performance?
A: Court-ordered fulfillment of contractual obligations.
Q4. Are arbitration clauses valid in India?
A: Yes, under the Arbitration and Conciliation Act, 1996.
Q5. How to prevent contract disputes?
A: By clear drafting, legal review, and compliance with statutory provisions.
