civil · In Force

Indian Contract Act 1872

Foundational contract law. Offer, acceptance, consideration, capacity, free consent. Void/voidable contracts. Quasi-contracts. Breach remedies (Section 73–74). Frustration (Section 56).

Ministry

Ministry of Law & Justice

Key provisions and changes

• Section 73 – Compensatory damages
• Section 74 – Pre-agreed damages (not penalty)
• Section 56 – Frustration of contract
• Section 27 – Restraint of trade void
• Indemnity/guarantee