Bare Act: Read the Act carefully to understand its sections and meanings.
Need to understand the elements of a contract: A contract is a legally binding agreement that requires an offer, acceptance, consideration, and intention to create legal relations. It is essential to understand the elements of a contract and ensure that they are present in the agreement.
Do not use ambiguous language: The language used in a contract should be clear, concise, and unambiguous. Ensure that the language used in the contract is precise and easy to understand. Ambiguous language can lead to disputes and litigation.
Consider the capacity to contract: The Act provides that only individuals with the capacity to contract can enter into a contract. It is essential to ensure that the parties to the contract have the legal capacity to enter into a contract.
Principles of privity of contract: The Act provides that only the parties to the contract can enforce the terms of the contract. It is essential to identify the parties to the contract and that the terms of the contract are clear.
Concept of performance and discharge of contract: The Act provides for the performance and discharge of a contract. It is essential to ensure that the parties to the contract understand the obligations and the consequences of non-performance or breach of the contract.
Need to follow the rules for terminating a contract: The Act provides for terminating a contract under certain circumstances. It is essential to understand the rules for the termination of the contract and follow them strictly.
Consider the rules for breach of contract: The Act provides for the remedies available for breach of contract. It is essential to understand the rules for breach of contract and follow them strictly.
Seek legal advice when needed: If there is any doubt, seek a legal expert’s advice.
