Draft an agreement on behalf of an MNC to purchase raw materials indicating therein terms and conditions and all the essentials of a valid contract
Answers
Answer:
Hope it will help you... you
Answer:
A contract is the legally enforceable agreement that creates, defines, and governs mutual rights and the obligations among its parties. A contract typically involves the transfer of goods, services, money, or the promise to transfer any of those at the future date. In the event of the breach of contract, the injured party may seek judicial remedies such as the damages or rescission. Contract law, the field of law of obligations concerned with contracts, is based on the principle that the agreements must be honoured.
Contract law, like other areas of the private law, varies between thejurisdictions. various systems of the contract law can broadly be split between common law jurisdictions, civil law jurisdictions, and the mixed law jurisdictions which combine elements of both the common and civil law. Common law jurisdictions are typically require contracts to include consideration in order to get valid, whereas civil and most mixed law jurisdictions solely require the meeting of the minds between parties.
#SPJ2