Different Types of Contracts in India: Which One Fits Your Business? 🤔 When you’re in business, one thing is certain: contracts are a must! But here's a question that often pops up among business owners in India: "What are the different types of contracts that I need to know about?" 🤷♂️ Trending Keywords: #BusinessContracts #LegalContracts #IndianLaw #CommercialContracts #ContractLaw Types of Contracts Every Business Should Know: Service Contracts: 🛠️ What It Is: An agreement between two parties where one provides a service to the other. Example: Freelancers, consultants, or agencies often use this type of contract. Key Benefits: Clarity on terms, deliverables, payment structure, and timelines. Why It Matters: Protects both parties from misunderstandings and provides a legal remedy in case of non-performance. Sale & Purchase Agreements: 🏷️ What It Is: A contract outlining the terms under which goods or services are bought or sold. Example: Buying raw ...
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