What Are the Key Differences Between Various Types of Contracts in India? 📑💼 #Contracts #IndianLaw #BusinessLaw Contracts are fundamental to all business transactions and personal agreements. Understanding the different types of contracts and their significance can help individuals and businesses protect their rights and obligations. Let’s break down the different types of contracts in India and their uses! 📝⚖️ 🔑 Types of Contracts in India #ContractLaw #LegalContracts #IndianBusiness ✅ **1. Bilateral Contracts – A bilateral contract is an agreement where both parties exchange mutual promises to perform certain actions. For example, a sale agreement where the seller promises to deliver goods, and the buyer promises to pay for them. This is the most common type of contract used in business transactions. 🏢💰 ✅ **2. Unilateral Contracts – A unilateral contract involves one party making a promise in exchange for the performance of an act by the other party. For example, a...
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