CONTRACT DRAFTING AND REVIEW SERVICES

Contract drafting is not a simple task and only a skilled lawyer can draft effective contracts. Contract is a document which governs the relationship between two parties and specifies the rights and obligations of each towards the other. Contract is a crucial document as it defines the complete scope of rights of the parties. If not worded accordingly then it might be the root cause of many problems in the future. Contract Drafting is an art and only a skilled person can draft contracts. Lawyers are skilled in the art of contract drafting. The knowledge and application of law in order to protect the rights of the parties and the ability to foresee the future problems which might crop up helps lawyers to draft contracts.

A contract is defined as a covenant or agreement with a lawful consideration or cause, and Blackstone defines it as an agreement upon sufficient consideration to do or not to do a particular thing.

An agreement enforceable by law is a contract. All agreement are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration, and with a lawful object, and are not expressly declared to be void under the contract act, 1872. Nothing herein contained shall affect any law in force in India, and not hereby expressly repealed, by which any contract is required to be made in writing, or in the presence of witness, or any law relating to the registration of documents.

Who are competent to contract - Every person is competent to contract who is of the age of majority according to that law to which he is subject and who is of sound mind, and is not disqualified from contracting by any law to which he is subject.

A person is said to be of sound mind for the purpose of making contract if, at the time when he makes it, he is capable of understanding it and of forming a rational judgment as to its effect upon his interests. A person who is usually of unsound mind, but occasionally of sound mind may make a contract when he is of sound mind. A person, who is usually of sound mind, but occasionally of unsound mind, may not make a contract when he is of unsound mind.

A valid contract is a legally enforceable document, but then it is not that simple as it sounds. Each contract is an extremely carefully worded document as it governs the relationship between two parties. These contracts are always worded in such a manner that an ordinary person might not find anything wrong with it, but the many hidden risks would be noticed by the trained eyes of a lawyer. The services so offered by us in this regard include:

1. Contract drafting

2. Contract review