Indian Journal for Research in Law and Management

The Indian Journal for Research in Law and Management

Advancing Law and Management

ISSN No. : 2583-9896

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The Indian Journal for Research in Law and Management

ISSN No. : 2583-9896

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Law of Contracts: Basics Everyone Should Know

Authors
Jyotsna Valeja
Department of law, Barkatullah University, Bhopal
Published September 9, 2025
Volume Volume II
Issue Issue 9
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Cite this Article

Jyotsna Valeja (2025). Law of Contracts: Basics Everyone Should Know. The Indian Journal for Research in Law and Management, Volume II(Issue 9). Retrieved from https://ijrlm.com/journal/law-of-contracts-basics-everyone-should-know/

Abstract

Contracts are one of the most crucial documents in business and transactions. The parties forming contracts are termed as promisor and promise. In India, the contracts are governed by the Indian Contract Act, 1872. It defines the terms, lays down essentials, the rights and duties of parties involved and remedies in case of breach by any side. Part 1 (Section 1-75) is about general principles of law of contracts (Chapter 1 to 6) and Part 2: Deals with Special kinds of Contracts such as indemnity and guarantee, bailment and pledge and agency. This blog talks about the basics of contract law.

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The Indian Journal for Research in Law and Management
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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJRLM or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJRLM.

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