Contract Fundamentals

📘 Module 1: Introduction to Contract Law (20 minutes)

📖 Section 1.1: What is a Contract?

• Definition under the Indian Contract Act, 1872
• Distinction between Agreement and Contract
• Legal enforceability of contracts

📖 Section 1.2: Importance of Contracts

• Providing legal certainty and clarity
• Key applications in commercial life: employment, services, lease, and sales

📘 Module 2: Elements of a Valid Contract (30 minutes)

📖 Section 2.1: Essential Elements (Sec. 10, ICA 1872)

• Offer and Acceptance
• Lawful Consideration
• Capacity to Contract
• Free Consent
• Lawful Object
• Intention to create legal obligation

📖 Section 2.2: Valid, Void, Voidable, and Illegal Contracts

• Definitions with illustrations
• Legal effects and available remedies

📘 Module 3: Types of Contracts (15 minutes)

📖 Section 3.1: Based on Formation

• Express and Implied Contracts
• Written and Oral Agreements

📖 Section 3.2: Based on Performance

• Executed and Executory Contracts
• Unilateral and Bilateral Contracts

📘 Module 4: Offer, Acceptance & Consideration (20 minutes)

📖 Section 4.1: Offer and Acceptance

• Legal rules for a valid offer and valid acceptance
• Revocation and lapse of offers

📖 Section 4.2: Consideration

• Definition and importance in contract formation
• Adequacy and exceptions — natural love, voluntary service, etc.

📘 Module 5: Discharge & Breach of Contract (20 minutes)

📖 Section 5.1: Discharge of Contract

• Discharge by performance
• By mutual agreement or operation of law
• By impossibility or breach

📖 Section 5.2: Breach and Remedies

• Types of breach: anticipatory and actual
• Remedies: damages, specific performance, injunction, quantum meruit

📘 Module 6: Practical Contract Drafting (10 minutes)

📖 Section 6.1: Key Clauses to Know

• Scope, party obligations, timelines
• Termination and indemnity clauses
• Jurisdiction and governing law

✅ Strengthen your understanding of contract law and drafting with practical, case-aligned legal insights under Indian law.