What Are the Different Types of Contracts in India? 📜⚖️" Contracts form the backbone of most legal agreements in India, whether it’s for business, employment, or personal agreements. But did you know there are several types of contracts, each designed for a specific purpose? Let’s dive into the types of contracts you need to know! 📝 🔍 Types of Contracts in India – Key Legal Agreements #IndianLaw #Contracts #BusinessLaw #LegalAgreements 1. Bilateral Contracts 🤝 A bilateral contract involves two parties making promises to each other. It is one of the most common types of contracts, where each party agrees to perform certain duties. ✔️ Examples : Sales agreements , employment contracts , real estate contracts . ✔️ Key Point : Both parties are obligated to perform their respective duties, with legal consequences if they fail to do so. Tip : Always ensure both parties clearly understand their roles and obligations . ✍️ 2. Unilateral Contracts 🧑⚖️ In a unilateral ...
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