Legal Guide Part 7 - Contracts & Agreements Every Indian Business Needs

- Paragraph 1 - the contract layer: Beyond incorporation and compliance, every Indian business runs on a stack of contracts - the founders' agreement, the employment letter, the commercial lease, the vendor SOW, the customer T&Cs, the NDA, the MSA, the shareholders' agreement, the share purchase agreement, the joint venture agreement, the franchise agreement, the gift deed, the will. Each is governed by a different slice of the Indian Contract Act 1872 (formation, s.10; consideration, s.2(d); capacity, s.11; free consent, ss.13-22; legality, s.23; discharge, ss.37-74; breach, ss.73-75), supplemented by the Specific Relief Act 1963 (enforcement), the Indian Stamp Act 1899 (stamp duty), the Registration Act 1908 (registration of immovable-property documents), and the Information Technology Act 2000 (electronic contracts and digital signatures).