Definition of Contract



Contract is agreement between two or more parties which can be apply with law. It is done by competent parties.

As per section 2(h), " An agreement enforceable at law is a contract."

Any agreement which creates  the responsibility of the parties of agreement, will be the contract. In the contract, one party offers and other party gives his acceptance.


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Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

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