DSB Law Group binds commercial contracts agreement between parties in which they are going to commit particular things. The contract law in India is codified in the Indian Contract Act, 1872 which governs the formation of contract among various companies.

We at DSB Law Group deal in different types of commercial contracts such as leases, loans, wages, and many more. Moreover, commercial agreements and contracts are very essential as they legally determine and create liability over parties who are entering into new world business through agreements.

There are five essential components to valid legal contract-

  • There must be an agreement

  • Each party must give something in exchange

  • The parties must have the legal capacity to enter into a contract

  • You must willing to enter into a contract

  • The subject matter of the contract must be legal

Different Types Of Commercial Contracts

A contract may be executed to establish the terms of any legal business transaction, provided the components listed above are present. Typical business agreement involve-

  • The sale of goods, either retail products or parts

  • The provision of services, including vendor services or employment

  • The use of intellectual property, such as copyrights, patent, trademarks

  • A party’s right to disclose confidential information

  • The purchase or lease of real properties