What Are the Common Types of Contracts in India and When Should You Use Them? 🤝 #ContractLaw #LegalAgreements #BusinessContracts Contracts are the backbone of any business deal. Whether you’re signing with a supplier, client, or partner, knowing which type of contract to use is essential. But with so many different types, how do you choose the right one? Let's dive into the most common types of contracts in India and their uses! 📑💼 ✅ The Answer: Know Your Contracts, Know Your Rights! In India, contracts are legally binding agreements that can be enforced in court. Using the right type of contract helps clarify expectations and protect your interests. Let's explore the types! 📝⚖️ #BusinessDeals #LegalProtection 🏢 Common Types of Contracts in India: 1️⃣ Bilateral Contracts: This is the most common type, where both parties agree to perform specific actions. For example, a sales contract where one party agrees to deliver goods and the other agrees to pay for them. 🤝💼 #Bi...
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