Tag

Agreements
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What is Force Majeure Clause The term force majeure (loosely translated as ‘superior force’) is derived from French Civil Law.  It refers to a clause which is typically used in agreements / contracts to exempt a party/ parties from performing their obligations where performance is impacted by unforeseen events which are outside its/ their control. ...
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What is Fraud  When a Party to an Agreement or any of his representative/s commit an act with the intention of deceiving the other party to enter into an Agreement, it is considered as Fraud.  The following acts are considered to be fraudulent:  Suggestion of an untrue fact  Active concealment of a fact  Promise made...
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What is Free Consent Two or more persons are said to consent when they agree upon the same thing in the same sense.  Consent is not free when it is caused by coercion, undue influence, fraud, misrepresentation or mistake.  What is coercion Coercion means undertaking any of the following acts with the intention of causing...
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What is a Void Agreement  As per the provisions of the Indian Contract Act, a Void Agreement is an Agreement which is not enforceable by law. What are the instances in which an Agreement can be considered as void  An Agreement can be considered as void if any of the following conditions are satisfied:  Parties...
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