Important Concepts In Indian Contract Act, 1872 Sec 2A: Proposal(offer) When one person signifies to another his

willingness to do or abstain from doing anything, with a view to obtaining the assent to that other to such act or abstinence, said to make a proposal. Sec 2B: Promise A proposal when accepted becomes promise. For making agreement, there must be a proposal and acceptance. Sec 2C: Promisor and Promisee The person making the proposal is called Promisor (Offeror) and the person accepting the proposal is called the Promisee (Offeree). Sec 2F: Reciprocal promises Promises which form the consideration or part of the consideration for each other reciprocal promises. Counter offer or Counter Proposal: For a valid contract, the promise must accept the terms and conditions of the proposal of the promisor. If any term is refused or varied or added or deleted by the offeree(promisee), his acceptance merely operates as a counter offer. When counter offer is made by the promise, there could not be a contract between the parties.

Indian Coffee Chains is the second Article of our focused coverage about Retail Chains in India. Indian Apparel Chains was the first article in the series. Organized coffee shops in India is a big business which is growing at the rate of 35%. It is likely to reach $200 mn by the end of 2010. Seeing this potential, International chains like UK based Coffee Republic, Italian Coffee major Caffe' Nero and Germany¶s Cup n Cino are looking for retail partners in India to make their foray into the market. The number of branded coffee outlets in India is expected to increase to 2,600 stores in the next two years from present 1,250 outlets. Coffee sold through branded outlets is worth Rs 600-700 crore a year at present and that market is expected to business of over Rs 10,000 crore in the next five years. Chains such as Costa Coffee, Gloria Jeans and Coffee Bean & Tea Leaf are among the foreign brands that have opened stores in India.

high street area of high footfalls such as malls and company owned exclusive stores. US based leading coffee chain. Turner Morrison sold to Tata Coffee which in-turn offloaded to Opportunist businessman Sivasankaran who finally sold it at a hefty premium to Italy's Lavazza. It is a ISO 9002 certified company. which was also an Internet browsing cafe then. Mocha: Mocha was opened in Mumbai in December 2001. PVR Limited for its selected products. Major MNC / Foreign Coffee Shops in the Retail Business: Costa Coffee: UK based cafe chain Costa Coffee entered in India in 2005 through master franchisee tie-up with Ravi Jaipuria owned Devyani International Limited (DIL). Currently.Global players are foraying into India growing beverage market. They are tying up with India partners. Mocha Coffees & Conversations has 20 units out of which 12 are franchised.corporate ones [Store outlets on-campus]. feet.000 sq. PVR has started retailing Starbucks products at its three multiplexes in Mumbai and Delhi and plans to extend the arrangement across major metros in the future. owns and operates India's largest coffee chain . Dubai and Sri Lanka. It has around 36 stores in India and more than 850 stores worldwide. has entered into a distribution tie-up with India's leading multiplex operator.Starbucks. Barista Coffee Company: Barista has 130 outlets in three countries namely India. Barista has seen series of management changes. the company that owns the franchisee for Pizza Hut and KFC in India. Coffee Bean and Tea Leaf:California based coffee houses like Coffee Bean and Tea . First cafe of CCD opened at Brigade Road in Bangalore in 1996. Sports Cafe and Book Cafes.Cafe Coffee Day popularly known by an abbreviation amongst the Indian youth as CCD . Barista has plant to increase the total number of outlets to 300 and is focusing on different business models for expansion . Cafe format of CCD include Music Cafes. there are more than 620 cafes in 102 cities across India and the World. (ABCTCL). The largest Mocha in India with 10. Major Indian Coffee Shops in the Retail Business: Cafe Coffee Day: Amalgamated Bean Coffee Trading Company Ltd.

The cafes will carry the "espressamente illy" brand name.Leaf have started operations in New Delhi. Barnies Coffee & Tea Company Inc was found in 1980 in the US. Gloria Jean's Coffees: Australian Coffee house Gloria Jeans (GJC) entered in India through master franchise agreement with Citymax India. is the master franchisee of Barnie¶s Coffee. as master franchisee. The company plans to open 60 stores in five years and with investment of Rs 100 crore. Company is planning to open Coffee Bean and Tea Leaf outlets in almost all the major metros and at prominent and prime locations. It also operates espressamente illy at Bangalore international airport followed by its first flagship outlet in Mumbai. Landmark Group). leisure and food retail company. Victoria Impex Pvt. Barnie's: US based coffee chain Barnies Coffee and Tea Company started its operation in India in August 2005. Stay tuned for our continued coverage on Indian Retail Chains until next Friday :-) . a leading hospitality. Blue Foods has franchise agreement with California-based coffee chain Coffee Beans & Tea Leaf. (part of the Dubai based global retail giant. Illycaffe: Italian coffee brand Illycaffe has partnered with Narang Group. Barnie's opened its first store in Noida. distributor of high end beverages. Ltd.

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