What Are the Different Types of Agreements in India? π€π Agreements are the foundation of every successful legal transaction, ensuring that the rights, duties, and obligations of both parties are clearly defined and protected. In India, agreements are governed by the Indian Contract Act, 1872, and come in various forms depending on the nature of the transaction. Let’s explore the different types of agreements that are commonly used in India. #LegalAgreements #BusinessAgreements #IndianLaw #AgreementTypes #ContractLaw **1. Service Agreements Service agreements are contracts between a service provider and a client, specifying the terms of service, deliverables, timelines, and payment terms. For instance, a company might hire a freelancer under a service agreement to design a logo for their brand. Uses & Benefits: Protects both the service provider and client. Clearly defines expectations, scope, and payment terms. Avoids disputes by setting clear deliverables and timelines. #Service...
DialEzee | +91-9051112233