Contract Law | Interpretation of Contracts

Rules for Interpretation of Contracts: Pre-Contractual Documents/Draft Agreements

Antecedent Agreements A concluded antecedent agreement may be relied upon in interpreting a later contract in pursuance of that agreement.  However, an antecedent agreement may be considered only on the basis of its particular facts and circumstances. Pre-Contractual Documents/Draft Agreements A concluded contract may be preceded by multiple drafts. Draft agreements may even be signed. Draft…

Basic Principles of Contract | Contract Law

Mohanlal Jagannath v. Kashiram Gokul

Mohanlal Jagannath v. Kashiram Gokul AIR 1950 Nag 71 (74) [Indian Contract Act (ICA), Section(s): 16, 23, 24] FACTS: Panchas delivered an award under which defendant was to convey half of his share in his inherited property to his uncle who was to pay defendant’s share of debt, payable by him. Defendant consented to this award in return for…