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ARTICLE · 01 OCTOBER 2018

Is Your Contract Safe and Healthy?

A business transaction between two or more parties are summarized and documented to make it enforceable in law.

IndiaCorporate/Commercial Law

Contract

A business transaction between two or more parties are summarized and documented to make it enforceable in law.

This legal intelligence series is intended to focus on elementary guidelines on best practices in Contract Drafting.

Is it simple?

A Contract should be in the simplest possible manner to convey the same meaning for which it has been executed and intended for.

The biggest and toughest challenge should be to simplify and aim for the simplest drafting of a Contract so that all concerned, including stakeholders, can fully understand its intention and meaning without any extra effort.

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The words, expressions and sentences deployed in the Contract should not give any other meaning than the intent and purport for which it has been executed.

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This content is purely an academic analysis under "Legal intelligence series".

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Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion, advice or any advertisement. This document is not intended to address the circumstances of any particular individual or corporate body. Readers should not act on the information provided herein without appropriate professional advice after a thorough examination of the facts and circumstances of a particular situation. There can be no assurance that the judicial/quasi-judicial authorities may not take a position contrary to the views mentioned herein.

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