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ARTICLE · 15 MARCH 2021

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Exclusive Jurisdiction Clause In Contracts

The law relating to ‘Contracts' in India is dealt under the Indian Contract Act, 1872. The Contracts/ Agreements can be with respect to an individual working at an organization...

IndiaCorporate/Commercial Law

The law relating to ‘Contracts'1 in India is dealt under the Indian Contract Act, 1872. The Contracts/ Agreements can be with respect to  an individual working at an organization, a businessman involved across various trades or a professional in the financial and legal field. These Contracts provide us with an opportunity to secure rights and define responsibilities between parties which are legally enforceable by way of various terms and conditions. A well drafted Contract provides clarity along with freedom to the parties in mutually determining the terms and conditions of their relationship. These terms and conditions involve various aspects relating to the relationship between the parties and also include the future possibilities which may arise among the parties. Such terms and conditions of a Contract include but are not limited to the following clauses like; Title, Effective Date, Definitions, Obligation and Duties of the Parties, Consideration, Term of

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