🏛️ The Contract Clause That Could Save (Or Cost) You Thousands

🌟 You're about to sign a contract, and there's that scary clause: "If you break this agreement, pay ₹1 lakh!" But here's the million-rupee question - do you actually have to pay that amount if something goes wrong?

💡 What You'll Discover:

• 🔍 The crucial difference between legitimate damage estimates and illegal penalties
• ⚖️ How Indian courts decide what's fair compensation vs. unfair punishment
• 🎯 Why Section 74 of the Indian Contract Act protects you from scary contract terms
• 💰 When courts will slash penalty amounts down to reasonable levels

🚀 Real Cases Discussed:

• 💎 Campbell v. Farrin - The theatre case that established the "too harsh" rule
• ⭐ Maya Devi v. Lalta Prasad - When Supreme Court said "double money" demands are unfair
• 🏢 Fatehchand v. Balkishan Das - The precedent that protects contract parties
• ⚡ ONGC v. Saw Pipes & Unitech Ltd. v. TSIC - Modern applications of penalty principles

🎙️ By the end, you'll know exactly how to spot unfair contract terms and understand why Indian law focuses on compensation, not punishment. Perfect for anyone who signs contracts - which is basically everyone!