This article has been written by Vidushi Kachroo. This article aims to provide the necessary information about the consideration of a contract. It elaborates on the meaning of the term consideration given under the legal provisions and its essential ingredients. The article also focuses on unlawful consideration and its effects on the contract. Moreover, the article also includes various case laws and illustrations, as well as an explanation of some concepts in brief related to consideration. Introduction It is often seen that whenever we agree to do an act or restrain ourselves from doing an ..read more

This article has been written by Rebant Basak pursuing a Diploma in US Contract Drafting and Paralegal Studies course from LawSikho. This article has been edited and published by Shashwat Kaushik. Introduction The contract is the foundation of all economic dealings, legal exchanges, and social interactions. Fundamentally, the basis of contracts is the mutual understanding and consent of the parties. All contracts are agreements but not all agreements are contracts. Only legally binding agreements are termed as contracts and the intention of the parties entering into the agreement is one of the ..read more

This article has been written by Menaga Devi S.N. pursuing a Diploma in Advanced Contract Drafting, Negotiation and Dispute Resolution course from LawSikho. This article has been edited and published by Shashwat Kaushik. Introduction The Indian Contract Act of 1872, defines the term “contract” under Section 2 (h) as “an agreement enforceable by law.” In other words, we can say that a contract is anything that is an agreement and enforceable by the law of the land. A contract is generally between two or more parties and follows the legal maxim “Quid pro quo,” which means an agreement between tw ..read more

This article has been written by Soumyadutta Shyam. This article discusses in detail what is a conveyance deed, types of conveyance deed, essential clauses, and the difference between a conveyance and sale deed. This article also covers more practical aspects of conveyancing, like the procedure for registration and the documents required for registration. It has been published by Rachit Garg. Introduction The word ‘convey’ in its legal sense means transferring, granting, or bequeathing the title of property from one person to another. It implies the transfer of property from one person to anot ..read more

This article has been written by Jasmeet Kaur pursuing a Paralegal Associate Diploma course from LawSikho.  This article has been edited and published by Shashwat Kaushik. Introduction  While reading or drafting agreements or contracts, have you ever witnessed that there are some clauses that are standard while others specify the actions of parties and are different in every agreement or contract? These are boilerplate and operational clauses, respectively. Now, the question arises, why are these clauses necessary? The answer to this question is because of their intent. There is a co ..read more

This article has been written by Yadav Mahima Kaushal pursuing a Diploma in US Contract Drafting and Paralegal Studies course from LawSikho. This article has been edited and published by Shashwat Kaushik. Introduction In a world of competitive markets, every employer wants to protect their interests. A non-compete clause is a tool for protecting the legitimate interests of the employer. A non-compete clause is a clause in an employment contract that puts restrictions on the action of an employee from working for a competitor or starting a similar business or profession as the employer, either ..read more

This article has been written by Priyal Bhandari pursuing a Diploma in Advanced Contract Drafting, Negotiation and Dispute Resolution course from LawSikho.  This article has been edited and published by Shashwat Kaushik. Introduction  In the business world, entrepreneurs and investors are given countless opportunities but one approach that is proven to be cost-effective and popular is franchising. Franchising is an instrument that allows individuals to strengthen their success by promoting recognised and renowned brands and reducing the risks involved in starting a new business from ..read more

This article has been written by Manisa Saha pursuing a Diploma in International Contract Negotiation, Drafting and Enforcement from LawSikho. This article is edited and published by Shashwat Kaushik. Introduction The real estate sector plays a pivotal role in our Indian economic sector by creating jobs and generating revenue. It is considered to be the second largest employment generating sector. In the early 1990s, this sector experienced various disruptions and was highly unorganised, due to which several disputes arose between buyers and developers. Recently, the Indian government has impl ..read more

This article has been written by Sanjukta Das pursuing a Diploma in Advanced Contract Drafting, Negotiation and Dispute Resolution course from LawSikho. This article has been edited and published by Shashwat Kaushik. Introduction We start realising at some point in our lives that we are surrounded by contracts in one form or another, whether it is using an app, buying a new car, a simple rent agreement, or even hailing a cab. In everyday life, we enter into a range of agreements, both formal and informal. A contract helps us establish legal relationships between parties and prevents conflict f ..read more

This article is written by Naincy Mishra. It deals with a detailed explanation of unilateral contracts. The first part of the article discusses the concept of contract and the related governing laws in the country and the second part elucidates the concept of unilateral contracts and their examples, elements, advantages and disadvantages, revocability, etc.  This article has been published by Shashwat Kaushik. Introduction In an interconnected and rapidly evolving global landscape, the role of having agreements in fostering confidence, mitigating risks, and facilitating seamless interacti ..read more