Article by Siddharth Sangal, Attorney,
Supreme Court of India
"A contract shall be structured in such a way that the
purpose behind it is lawfully positioned, performed, and
protected!"
An effective contract is not only a reflection of the
parties' intention to get into a legal relationship, but
clearly lays out the respective obligations of the parties with
necessary safeguards and efficacious remedies. Today's world is
economized by trade, domestic and international, and this trade is
facilitated through contracts (domestic or international) entered
into by the parties. A domestic contract is one where both the
parties operate their business from the one and the same country,
whereas an international contract is one where both the parties
operate their business from two different countries. Accelerated
globalization has almost removed the disparity of required terms
between the domestic and international contracts, and thus, most of
the corporates follow the
