Contracts Act 1870

The Contracts Act of 1870 is a key legal framework in India that governs the formation and enforcement of contracts. It outlines what constitutes a valid agreement, including essential elements like offer, acceptance, and consideration. The Act also addresses the rights and obligations of parties involved in a contract, conditions for enforceability, and scenarios where contracts can be void or voidable. Essentially, it provides clarity on how agreements are legally recognized, helping individuals and businesses ensure that their commitments and transactions are protected under the law.