Removal Services Contract Without Consideration
Description
How to fill out Paint Removal And Cleaning Services Contract - Self-Employed?
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FAQ
Consideration not required As per the view of the Indian Contract Act, even consideration is not an essential element for the creation of an Agency; hence no consideration is required to be presented while the formation of an agency.
If there is no consideration for one or more parties, then it casts a shadow over the legitimacy of the contract. In other words, each party should be able to answer the question of why they entered into the agreement. Those who are unable to answer this question may not have been given proper consideration.
Can you make a legal agreement without consideration? No. As per Section 10 and Section 25 of the Indian Contract Act, 1872, consideration is essential in a valid contract. In simple words, no consideration no contract.
If there is no consideration for one or more parties, then it casts a shadow over the legitimacy of the contract. In other words, each party should be able to answer the question of why they entered into the agreement. Those who are unable to answer this question may not have been given proper consideration.
The Indian Contract Act of 1872 states that for any contract to be legally binding, consideration should be provided. An agreement without consideration is not considered valid.
