What Are the Different Types of Contracts in India? ππ€ CONTRACTS MADE EASY! In India, contracts play a vital role in formalising agreements between parties. Whether you're entering into a business deal or a personal arrangement, knowing the different types of contracts is key to protecting your interests. Let’s explore the different types of contracts in India! #TypesOfContracts #IndianContracts #BusinessDeals ✅ Types of Contracts in India ✔️ Bilateral Contracts – This is the most common type of contract where both parties exchange promises. One party agrees to provide a service, and the other party agrees to pay for it. For example, employment contracts or sales contracts . π€πΌ ✔️ Unilateral Contracts – Here, one party makes a promise in exchange for a specific act. For example, a reward contract where someone offers a reward for finding a lost item. πΈπ ✔️ Void Contracts – A contract that is not legally enforceable due to illegal activity or an impossible situation....
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