The agreement can be divided into two categories: „Applicable by law“ [known as a contract]; Not „applicable by law“ [known as cancellation]. Therefore, only these agreements are legally enforceable contracts. An agreement of a minor, an agreement without consideration, certain agreements contrary to public order, etc. Under the Indian Contract Act, the following agreements are cancelled: „10. all agreements are contractual if they are concluded with the free consent of the contracting parties in exchange for legitimate consideration and for a legitimate purpose and are not explicitly annulled » The concept of countervailable contracts: some agreements may be implemented by a party, but not, to the extent possible, by other parties. It is for that party to decide whether it is willing to enforce the treaty or whether it is not applicable, that is, not to do so. Countervailable agreements are therefore both valid and invalid agreements. The marked scope of countervailable agreements means that they may be considered invalid or cancelled at the discretion of a party and thus cover the scope of valid and invalid agreements. These agreements are not concluded and are based on one of the themes mentioned above. There is no liability for non-application of the contract and, therefore, the terms of the contract are not binding on either party.
Are agreements that must be reduced and recorded in writing. To make the treaty an agreement, it is important that no contract is possible without an agreement, but we cannot say that all agreements are contracts. Section 2(y) of the Contracts Act states that „the contract is a legally enforceable agreement“. Any agreement z.B. Seeing the cinema is not a contract, if the offer is accepted, it becomes a promise. The promise is followed by a consideration, then it becomes an agreement, and if an agreement is legally applicable, it becomes a contract, see below: – i) Proposal + acceptance = PROMISE ii) Promise + counterparty = AGREEMENT iii) Agreement + application = CONTRACT „All contracts are agreements, but not all agreements are contracts“. This statement can be understood in the Venn diagram above. Agreements applicable under the laws of the country become contracts designated by the inner circle. The outer circle refers to agreements that are not contracts. The shaded portion includes agreements that are not enforceable by law and are referred to as unenforced agreements. 5. Hans Wehberg, Pacta Sunt Servanda, The American Journal of International Law, vol.
4 (Oct., 1959), p.775.; Trans-Lex.org Principle of Contract Intolability The Indian Contracts Act 1872 can be interpreted to cover all kinds of possible agreements and contracts. However, in many cases, whether or not an agreement is a contract depends on the facts and circumstances. . . .