Q: What is section 27 of Indian Contract Act, 1872 ?

Ans: The aim of Section 27 of the Indian Contract Act, 1872 is that any agreement that restricts commerce or business is unlawful. An agreement that prevents or restricts one person from engaging in trade, business, or lawful profession of any type is void, according to the clause.

Comments

Post a Comment

Popular posts from this blog

Q: What is competency of parties to enter into contract?

Ans: Section 11 of the Indian Contract Act, 1872 details as to which parties are competent to contract i.e., a person who has attained majority and who is of sound mind and lastly, is not disqualified by the law to enter into a contract. The subsequent sections of the contract act details about each of these requirements as mentioned by the law.
Read more

Q: Does an NDA need to be stamped or registered?

Ans: Since it can be enforced in a court of law, a legal instrument, document, or contract has value. To enforce the contract, you’ll need to produce it in court to show that you (and the entity you’re enforcing it against) entered it legally, as well as that the provisions of the contract are legitimate. As a result, you must follow specific procedural rules in order to present them in court. It can be done through stamping, registration and notarization. 
Read more