An Agreement Is Enforceable By Law

Similarly, an agreement whose consideration or object is fraud is illegal. As already stated, only agreements that meet the condition set out in section 10 of the Indian Contract Act become contracts. Confidentiality agreement – an agreement for the protection of confidential information when it is to be passed on to another party. A tacit contract [13] is a contract in which the consent of the parties is indicated by their conduct. other acceptable ways to describe an implied contract; a contract in which the performance of the parties concludes to an agreement. The parties express their absolute and unconditional consent to all the conditions set out in the offer. It can be oral or written. The acceptance must correspond exactly to the initial offer. 2.

The parties should be responsible for the contract: “Under section 11, any person who is of legal age under the law to which he is subject is in good health and who is not disqualified from the treaty by a law to which he is subject.” In other words, a person should not be a minor, should not be of unhealthy mind and should not be disqualified from the contract. An agreement with the minor is void from the outset.[7] However, in a case before the Lahore High Court[8] in which a minor had obtained benefits through fraud, he was required to reimburse them to the applicants. The reason for this was that one of the parties, i.e. minor parties, was wrongly favoured at the expense of the other party, i.e. the applicant. [10] If the subject matter of the contract is illegal, no one can enforce the contract. A contract for the sale of illicit drugs is contrary to public policy and is unenforceable. As a general rule, to be enforceable, a contract must contain the following elements: Part of the sanctity of the treaty is the natural right to privacy. You have absolutely right to privacy in your agreements with others. You can waive this right to privacy and your right is just as absolute.

Therefore, an agreement to do an illegal act is unaffordable and cannot be brought to justice. . . .