Custom Law
Indian Contract Act really codifies the way we enter into a contract, execute a contract, implement provisions of a contract and effects of breach of a contract. Basically, a person is free to contract on any terms he chooses. The Contract Act consists of limiting factors subject to which contract may be entered into, executed and breach enforced. It only provides a framework of rules and regulations which govern formation and performance of contract. The rights and duties of parties and terms of agreement are decided by the contracting parties themselves. The court of law acts to enforce agreement, in case of non-performance.
Section 1 of Contract Act provides that any usage or custom or trade or any incident of contract is not affected as long as it is not inconsistent with provisions of the Act. In other words, provision of Contract Act will prevail over any usage or custom or trade. However, any usage, custom or trade will be valid as long as it is not inconsistent with provisions of Contract Act. The Act extends to the whole of India except the State of Jammu and Kashmir; and came into effect on 1-9-1872. It must be noted that contract need not be in writing, unless there is specific provision in law that the contract should be in writing.
- contract for sale of immovable property must be in writing, stamped and registered.
- Contracts which need registration should be in writing * Bill of Exchange or Promissory Note must be in writing.
- Trust should be created in writing
- Promise to pay a time barred loan should be in writing, as per Limitation Act
- Contract made without consideration on account of natural love and affection should be in writing.
A verbal contract is equally enforceable, if it can be proved.. A contract can be enforced or compensation/damages for breach of contract can be obtained through Civil Court. We are engaged in undertaking Drafting & Vetting of Contract for our clients. Due to the support of our legal experts, we are able to draft different kinds of agreements. As we are conscious about safeguarding the interest of our clients, while drafting the agreements therefore we have appointed experienced lawyers.
Our expertise lies in drafting following agreements:
- Non-Disclosure Agreements
- Vendor Contracts
- Supply Agreements
- Software License Agreements
- Telecom Services Agreements
- Internet, Advertising and Media Agreements
- Office Lease
Non disclosure agreement is a contract between two parties, which focuses on confidential material, knowledge or information that the parties wish to share with each other for certain purposes, but wish to restrict access to the third parties. In this contract, the parties mutually agree not to disclose information present in the agreement. The agreement forms a confidential relationship between the parties and ensures complete protection of any type of confidential and proprietary information or trade secrets. Apart from this, NDA protects non-public business information. NDAs are usually implemented when two interested parties plan to do business and required to understand the process used in each other businesses for the purpose of reviewing the potential business relationship.
Contract and Agreement Litigation: We handling Legal Affairs, Litigation Matters, Legal Documentation and Liaison Work. Deftness in resolving cases under both Civil & Criminal Laws of India. Astute in drafting Agreements, Contract, Legal Notices etc also. Proficient in drafting Agreements, Contract, Legal Notices, Show Cause Notices, Written Statements, Appeals, Case Papers, Affidavits, etc.
Legal Research & Drafting Services: Legal research & drafting is imperative for any law firm or organization; but it is time consuming, burdensome and expensive. As we all may agree to the fact that, a small negligence on analysis can cause major damage to the firm and its client. Legal In house has a dynamic team of attorneys and paralegals with rich backgrounds and share their rich experience in carrying effective legal research for our clients. Exposure on handling various complicated legal issues and regular supplementary training on ever-changing law has enriched and developed our attorneys’ skills and attention to details. Legal In house ’s holistic legal research approach provides authorities and citations which are accurate and relieves clients of this burden and focus on more strategic issues.
Contract Review Services: Legal In house helps law firms and Companies to review Agreements/Contracts. Legal Inhouse analyzes the various Terms and Conditions of the Agreements/Contracts, prepares review notes indicating the important sections/clauses of the Agreement/Contract, positive and negative issues and their impact and consequences flowing on client performance and financials. Legal Inhouse also suggests suitable Terms and modifications to protect the interest of its clients.
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