Contract Law/ Features of Contract Law/ What are the main features of contract law/ What are the features of a contract/ What is contract law and its main features/ Best law firm in Coimbatore/ Best advocates in Coimbatore/ Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. Contract law is a branch of civil law that governs agreements between parties. It provides a legal framework for the formation, interpretation, and enforcement of contracts. Contracts are legally binding agreements that create rights and obligations for the parties involved. → Agreement: For a contract to exist, there must be a mutual agreement between the parties. This involves an offer by one party and an acceptance by the other, demonstrating a meeting of minds regarding the essential terms of the contract. → Offer and Acceptance: An offer is a proposal made by one party to another, expressing a willingness to enter into a contract under certain terms. → Consideration: Consideration refers to something of value exchanged between the parties to a contract. It can be in the form of money, goods, services, or a promise to do or refrain from doing something. → Intention to create legal relations: For a contract to be legally binding, the parties must intend to create legal obligations. Certain agreements, such as social or domestic arrangements, may not be intended to create legal relations. → Capacity: The parties entering into a contract must have the legal capacity to do so. This means they must be of sound mind, of legal age, and not under any legal disability that would prevent them from entering into a contract. → Legality: Contracts must have a lawful purpose. They cannot involve illegal activities or violate public policy. If a contract is illegal or against public policy, it may be deemed void or unenforceable by a court of law. You can get the law services of Saanvika Legal Associates like Trust deeds, Financial law, Insurance law, Environment, Consumer, Property, Banking Tax Cyber, Constitutions, Labor law, Civil, Criminal, Family, Property registration, Getting Doc, and many others. Additionally, you can get to know about Legal notice, documentation, Legal registration, Property organization, establishing companies, Family legal consultation, Civil legal consultant, Criminal legal consultant, and Litigation for finance property from our expert lawyers.