Contract Law

Below are some of the common law exams:

NOTE: This information is sourced from the official website of the institute/exam.

Hi,

Both Contract Law and Property Law concern people and things. However, they differ in the focuses and their purposes

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Property Law Courses

Three highly regarded contract law books are mentioned below:

• R.K. Bangia's Law of Contract for Beginners
• Avtar Singh's Law of Contract & Specific Relief for a contemporary and practical approach
• Pollock & Mulla on Indian Contract and Specific Relief Acts for intermediate to advanced learners

Yes, you can become a Contracts lawyer after completing LLB if you had chosen Contract Law as a specialisation during the course. Else, it is advisable to also obtain an LLM degree before applying for the job. Candidates who have specialised in LLM are given preference especially for academic roles since post-graduation is an important criteria for a career in academics. Many legal process outsourcing companies hire LLB or BA LLB graduates for the role of Contract Analysts or Legal Associates who look after the drafting and editing of contracts and agreements.

There is only one college that provides a Contract Law course, which is a government college, i.e. Government Institute of Forensic Science. 

Moreover, there are career paths majorly in business sector where a contract law graduate can go forward. 

Some of the most common topics covered under the syllabus of Contract Law courses are mentioned below:

• Definitions of Agreement and Contract
• Essentials of a Valid Offer & Acceptance
• Contract Acceptance: Definition, Communication, Revocation
• Fraud
• Discharge of Contract

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Contract Law courses

The offer & acceptance are the basic aspects of contract law. These are very important in the formation of the law of contracts. An offer is the act of offering to the offered (to another party), known as the offeree, to enter into a legally enforceable agreement. Acceptance refers to the case where the offeree accepts the terms mentioned and that too without any amendment or addition.

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Contract law courses

Yes, since contract-related matters require continuous legal representation, a career in Contract Law is sound. According to a recruitment website, the average salary of a Contract Lawyer in India is around INR 59,000 per month. Candidates may take up their job immediately in either litigation or academics after finishing Contract Law. They can also work as Contract Lawyers, Contract Attorneys, or Contract Specialists in the top LPOs.

Therefore, a sound knowledge of contract law is essential for candidates who wish to make a career in the field of Contract Drafting and Negotiations.

Contract Law includes various paperwork related to agreements and contracts a company or firm makes with other stakeholders. It is an essential ingredient of finance and accountancy, therefore, it is directly related to Chartered Accountancy. Hence, the course curriculum of both courses includes Company Secretary and Chartered Accountancy including Contract Law and other allied laws as mandatory subjects.  It is a part of the important company related legislation that every CA and CS aspirant must be thorough with. Hence it is an indispensable part of the curriculum.

Contract Lawaims to make and enforce agreements between two or more parties. Contract law deals with issues such as the essentials of a valid contract, eligibility to form a contract, void and voidable contracts, voidable agreements, quasi-contracts, etc. In fact, important Acts such as the Sale of Goods Act and Partnership Act are also based on the concepts of Contract Law. The Indian Contract Act also deals with contracts of bailment, pledge, agency and indemnity.

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Contract Law colleges in India