Contract Law

Radhika SharmaAssociate Senior Executive
A contract is a legal agreement, which is enforced on the parties involved to fulfil a legal obligation. A legal contract is signed by the involved parties in different circumstances such as buying a property, signing employment-related papers, applying for a car loan, prenuptials, etc. Contracts work as documented proofs when either party involved refuses to fulfil its written legal obligation or when there is some other legal dispute over the legal obligation. With thousands of contract-related legal disputes lying in the courts of law, pursuing a course in Contract Law is a good option for students.
Contract law is a basic requirement of legal writing and is a part of every law specialisation in India, be it IPR, Family law, Civil law, Criminal law, Commercial law, Corporate law etc. Therefore, all students studying law get to learn about the Law of Contracts, its definition, its principles and types of contacts in the duration of the course. However, if a candidate wants to pursue a career in Contract law specialisation, then they should apply for law colleges offering it as their main specialisation.
- Contract Law Courses
- Contract Law: Highlights
- Contract Law Eligibility & Entrance Exams
- Top Entrance For Contract Law 2023
- Skillset for Contract Law
- Contract Law Subjects & Syllabus
- Top Colleges for LLM
- 7.1 Private Colleges
- Contract Law Career Scope and Job Profiles
- 8.1 Top Law Recruiters
- Important FAQs for Contract Law
Contract Law Courses
Candidates can pursue Contract Law at the undergraduate or postgraduate level by choosing it as their specialisation. Candidates can pursue the course as a degree, diploma or certificate programme. The course is offered in both offline (classroom-based) and online modes. Popular Contract Law courses that candidates can pursue include:
- Integrated-LLB
- Three-year LLB
- LLM
- Diploma/PG Diploma
- Certificate
Also read: All about NLU Courses in India - Five-year LLB, three-year LLB, and LLM courses
Contract Law: Highlights
Particulars | Details |
---|---|
Course Name | LLB/LLM/PG Diploma in Contract Law |
Course Full Form | Bachelor of Law, Master of Law, Post Graduate Diploma |
Course Level | Undergraduate, Postgraduate, Post Graduate Diploma |
Course Type | Full Time |
Course Fees | INR 1 lakh to INR 10 lakh per annum |
Entrance Exam | LSAT, CLAT, MH CET Law, TS LAWCET |
Admission Process | Entrance Exam Based |
Top Colleges | NLSIU, Symbiosis Law School, NLUD, NALSAR |
Latest Updates:
- CLAT 2023 Merit List out
- Top LLB Entrance Exams 2023
- LSAT 2023 Registrations to close soon
- AIBE 17, 2023 Exam on 5th February
Contract Law Eligibility & Entrance Exams
The basic eligibility that candidates should fulfil to pursue Contract Law at UG or PG level include:
Course | Eligibility Criteria |
---|---|
UG |
OR
|
PG | Candidates should possess an LLB degree from a recognised college |
PG Diploma |
|
Top Entrance For Contract Law 2023
For admission to a Contract Law degree course, candidates can appear for different national-, state- or college-level entrance exams. Some of the popular Law entrance exams that candidates can consider appearing for include:
Entrance Exams for BTech | ||
---|---|---|
Entrance Name | Registration Details | Exam Details |
CLAT 2023 | CLAT Counselling Process Ongoing | Already Over |
MHCET Law 2023 | 1st-11th March 2023 | 2nd May- 3rd May 2023 |
LSAT 2023 | 10th Nov-26th May 2023 | 8th June-11th June 2023 |
DU LLB 2023 | April- May 2023 | June 2023 |
APLAWCET 2023 | May 2023 | June 2023 |
Skillset for Contract Law
For a successful career in Contract Law, it is important for candidates to possess the below-mentioned skillset
Skillset |
|
---|---|
Good intellect |
Good convincing skills |
Good judgement skills |
Good persuasion skills |
Strong analytical skills |
Detail-oriented |
Strong communication skills |
Good research skills |
Also Read: Top law entrance exams in India - Dates, Application, Exam Modalities
Contract Law Subjects & Syllabus
In a Contract Law course, students get to learn common concepts around:
- How a valid contract is created?
- What are the different kinds of contracts?
- What are void and contingent contracts?
- Which vitiating factors affect contracts?
- Actions that lead to a breach of contract?
The Law of Contract syllabus in different colleges and universities include subjects such as:
Law of Contract Syllabus/Subjects |
||
---|---|---|
Definitions of Agreement, Contract |
Rationale and Elements of Contracts |
Essentials of a Valid Offer & Acceptance |
Privity of Contract & its Exceptions |
Acceptance: Definition, Communication, Revocation |
Exceptions to the Rule that Agreement without Consideration is Void |
Minor’s Liability for Necessaries |
Coercion |
Fraud |
Lawful Consideration & Object |
Void Agreements |
Agreements in Restraint of Marriage |
Unlawful Agreements |
Contingent Contracts |
Discharge by Breach of Contract |
Quasi Contract |
Agreements in Restraint of Trade |
Discharge by Impossibility of Performance |
Remedies for Breach of Contract |
Legality of Object |
Discharge of Contract |
Factors Vitiating Consent |
Capacity to Contract |
Intention to Create Legal Relationship/Obligations |
Top Colleges for LLM
There are many top private and government colleges offering Contract Law Course. The most sought-after courses are the ones offered by National Law Universities.
Some of the top government colleges offering courses in Contract Law are as follows:
Government Colleges | Course Fees(in INR) |
---|---|
NLSIU | 8 lakh |
NALSAR | 9 lakh |
WBNUJS | 7 lakh |
GNLU | 10 lakh |
Rajiv Gandhi School of Intellectual Property Law, IIT Kharagpur | 5 lakh |
Jamia Millia Islamia | 80,000 |
NLUJ | 8 lakh |
NLUD | 7 lakh |
NLIU | 8 lakh |
Banaras Hindu University | 90,000 |
Private Colleges
Some of the popular private colleges for pursuing Contract Law in undergraduate and postgraduate level includes:
Top Private Colleges |
Course Fees (in INR) |
---|---|
8 lakh |
|
6 lakh |
|
8 lakh |
|
7 lakh |
|
7 lakh |
|
6 lakh |
|
6.5 lakh |
|
5.5 lakh |
|
5 lakh |
|
6 lakh |
Contract Law Career Scope and Job Profiles
Law graduates must qualify AIBE exam to practice in a court of law in India. After completing a course in Contract Law, candidates can work in different job profiles such as:
Job Role | Job Description |
---|---|
Contract Lawyer | The professional specialises in drawing up agreements between two parties. The professional is also responsible for resolving any disputes that occur between the parties. |
Legal Contracts Manager | A Contracts Manager (sometimes also referred to as Supply Chain Manager) plays a critical role in maintaining relationships with suppliers and negotiating contracts. The basic job responsibilities of a Contracts Manager include drafting and evaluating contracts, resolving all contract-related issues, communicating contractual changes to all stakeholders, keeping a record of all contract-related correspondence, etc. |
Contract Attorney | The job role of a Contract Attorney is similar to a Contracts Manager or Lawyer. The basic job responsibilities of the professional include developing, assessing and negotiating contracts, reviewing contracts, reducing a company’s contract risk, offering legal advisory services to clients, etc. |
Contract Specialist | A Contract Specialist is responsible for every phase of contract development starting from researching the legal regulations to negotiating the terms and preparing the document. The professional also assists clients in terminating contracts on favourable terms. |
Top Law Recruiters
Salaries earned by law graduates typically vary on the law specialisation they choose along with the company they join. After completing a law course aspirants can work as an understudy with lawyers or even join a corporate company. Know the top law companies in India here.
Law graduates must qualify AIBE exam to practice in a court of law in India.
The top law companies that are known to hire law graduates are listed below:
- Amarchand & Mangaldas & Suresh A Shroff & Co.
- AZB & Partners
- Khaitan & CO
- J Sagar Associates
- Luthra & Luthra Law Offices
- Public and Private Sector Banks
- Law Departments
- Academic Research Institutions and Universities
Read More: Career in Law
Important FAQs for Contract Law
Q. What is Contract Law?
Q. Is Contract Law a good career?
Q. What is the salary of a Contract Lawyer in India?
Q. What skills are required to be a good Contract lawyer?
Q. What kind of courses can I pursue in Contract Law?
Q. What kind of job roles are available in Contract Law?
- Contract Law Attorney
- Contract Law Manager
- Contract Law Specialist
Q. What is taught in a Contracts Law course?
- Definitions of Agreement and Contract
- Essentials of a Valid Offer & Acceptance
- Contract Acceptance: Definition, Communication, Revocation
- Fraud
- Discharge of Contract
Q. Who can pursue a Contracts Law course?
Q. Can a Contract Law course be done online?
Q. Which are the popular Contract Law entrance exams in India?
- CLAT
- LSAT India
- MH CET Law
- TS LAWCET
- AP LAWCET
Q. Can I become a Contracts lawyer after completing LLB?
Popular Contract Law Colleges in India
Popular Private Contract Law Colleges in India
Popular Contract Law PG Courses in India
PG Courses
- PG Diploma
1 College
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