Void Agreement Indian Law

11. The form of the agreement and the agreement of the parties are contrary to the law For this reason, a person who buys the goodwill of another person is thus privileged to impose certain restrictions on that person`s activity. Restrictions are to prevent the seller from making similar transactions only within local borders. This is done to protect the rights of the buyer [6]. However, the deduction should be proportionate depending on the nature of the transaction involved. In the case of Chandra v. Parsullah [7], both the complainant and the accused were to operate buses between Pune and Mahabaleswar. In order to avoid competition, the applicant purchased the defendant`s activities at the same time as an overvalue and entered into a contract that did not allow the defendant to act in the same location. However, there is a breach of the defendant`s contract. When the court was brought to trial, the court ruled in favour of the applicant, since the agreement was valid under Section 27. The Indian Contracts Act is governed by the Indian Contract Act of 1872. However, the Contract Act does not codify the entire law of contracts, the law also expressly preserves any use or use of trade or any incident of a contract that is not inconsistent with the provisions of the law. Contract law is limited to the application of voluntary civil obligations.

Contract law is not able to deal with the full range of agreements, many agreements remain outside the jurisdiction because they do not meet the requirement of a contract. A contract is an agreement; An agreement is a promise and a promise is a proposal adopted. Any agreement is therefore the result of a proposal on the one hand and its adoption on the other. A contract is considered a contract if it is legally applicable. Section 10 of the Act deals with the conditions of enforceable force, according to this section, a contract is a contract when it is made for consideration, between the parties who are competent for the contract, with free consent and for a legitimate purpose.