Contract Law

Contract Payment Terms Gone Wrong βš–οΈ


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πŸ›οΈ The Dangerous Words That Kill Contracts

🌟 Imagine signing a contract that says payment will be at "market rate" - sounds reasonable, right? But what happens when no one can agree on what that actually means? This episode reveals why seemingly simple payment terms become legal nightmares.

πŸ’‘ What You'll Discover:

  • πŸ” Why "certainty" is the golden rule of valid contracts - and what happens when it's missing
  • βš–οΈ How vague payment terms can make entire agreements legally void from day one
  • 🎯 The practical steps to bulletproof your payment clauses

πŸš€ Real Cases Discussed:

  • πŸ’Ž Pushp Bala Ray vs. Life Insurance Corporation of India - When "ability to pay" meant nothing was payable
  • ⭐ Bushville Properties Limited vs. Vortex Properties Limited - How "proportional shares" destroyed a property deal
  • 🎯 Tarsim Singh vs. Sukhuminder Singh - The land deal that collapsed over measurement units

πŸŽ™οΈ Learn the who, what, when, where, why, how, and how much formula that saves contracts from becoming expensive legal disasters!

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Contract LawBy Sharad Bansal