Isaac Pollak

  A contract plays a significant role among different parties. Millions of contracts come under agreement daily yet many businesses forget to fully understand the terms before signing them.    This post will talk about some common terms and issues of contract law.   How does a Contract Form?   A contract is formed when two parties sign a formal letter that involves the offer, and mutual assent for the fulfillment of a particular thing. Mutual assent is the consent of both parties that they agree to the terms written within the agreement. Mutual assent doesn’t come into place if both parties can’t agree on the things.   Does Oral promise get covered in any contract?   The short answer is no. Thus, it is important that if you ever come to an oral promise, proceed ahead with the written contract. It is very possible that oral promises will not be counted as authentic or valid statements. However, this doesn’t mean that the oral promises are not helpful at all. Such thi

  An agreement or a contract becomes void and becomes non enforceable when there is some kind of fraud involved in it. When there is mistake, or fraud by one party it is considered as void contract.   Then the party affected by the fraud can sue the fraud party in the court with fraud in the factum. As a defence of breach of an agreement claim can be made when fraud in the inducement. However, it remains important to prove that a valid contract was made between parties. Whereas, a contract made fraudulently is not deemed as a valid agreement.   A scam done in factum can be used as defence to break a contract. Whereas a contract made with the fraud in the factum without consent of victim is considered as void and legally ineffective. One of the best examples of a fraud in contract can be if a person is not mentally stable or incapable of understanding anything but somehow made to sign a contract.   When a lawsuit is filled in court, the injured party is most commonly awarded