The document discusses key elements of contract law including how to draft a contract, the parties involved, recitals, definitions, obligations, delivery terms, drafting from scratch versus using a precedent, and what forms a contract can take to be enforceable. It defines important terms like drafting a contract, parties, recitals, definitions, obligations, delivery, drafting from scratch, precedent, and precedent bank.
The document discusses key elements of contract law including how to draft a contract, the parties involved, recitals, definitions, obligations, delivery terms, drafting from scratch versus using a precedent, and what forms a contract can take to be enforceable. It defines important terms like drafting a contract, parties, recitals, definitions, obligations, delivery, drafting from scratch, precedent, and precedent bank.
The document discusses key elements of contract law including how to draft a contract, the parties involved, recitals, definitions, obligations, delivery terms, drafting from scratch versus using a precedent, and what forms a contract can take to be enforceable. It defines important terms like drafting a contract, parties, recitals, definitions, obligations, delivery, drafting from scratch, precedent, and precedent bank.
★ The parties- the people or companies who are entering into the contract; ★ The recitals- the background to the contract and the reason(s) why the parties are entering into the contract; ★ The definitions section- how certain words must be interpreted when they are used in the contract; ★ The key of obligations/duties- the most important things that each party agrees to do; ★ The delivery of goods/services- the time when the key obligations will be carried out and where they will be carried out. ★ Draft a contract from scratch- it means to write a contract from the very beginning without the help of a precedent; ★ Precedent- it is a model of a contract that already exists. A lawyer can use it to draft a similar contract. A precedent can also mean the decision of a judge that forms part of the common law. A precedent also acts as a useful drafting checklist to make sure that everything necessary is include. ★ Precedent bank ou precedent library- collection of precedents.
A Simple Guide for Drafting of Conveyances in India : Forms of Conveyances and Instruments executed in the Indian sub-continent along with Notes and Tips