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Transaction & Contract Law
Commercial law (sometimes known as business law) is the body of law which governs business and commerce. It is often considered to be a branch of civil law and deals both with issues of private law and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes which contain comprehensive statements of their commercial law.
Commercial Law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods.
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In addition to the above mentioned services we also offer services specific to client’s needs.
What does the word Contract mean?In common parlance the word contract indicates a legally or official binding document. In our day to day life we come across this word so many times that it has become a vital part of our life.
Purchase of grocery, milk or newspaper etc such other acts indicate us entering into a contract. The Indian Contract Act specifies how to enter, execute and implement provisions of a contract and the effects of breach of a contract. The Contract indicates the rights and duties of parties and terms of agreement which are decided by the contracting parties.
A contract need not be in writing unless there is specific provision in law that the contract should be in writing. Contracts which are to be registered should be in writing. A verbal contract is equally enforceable, if it can be proved.