Contract Law

Forever Contracts That Broke the Law โš–๏ธ


Listen Later

๐Ÿ›๏ธ The Forever Deal That Wasn't

๐ŸŒŸ Imagine signing a business contract that lasts your entire lifetime - sounds secure, right? But what happens when market conditions flip everything upside down and that 'forever' deal becomes a legal nightmare?

๐Ÿ’ก What You'll Discover:

  • ๐Ÿ” Why lifetime business contracts often get thrown out by courts
  • โš–๏ธ The difference between reasonable business protection and illegal market control
  • ๐ŸŽฏ How judges decide when exclusive deals help vs. harm competition
  • ๐Ÿ“‹ Smart ways to write contracts that protect your business legally

๐Ÿš€ Real Cases Discussed:

  • ๐Ÿ’Ž Sheikh Kalu vs. Ram Sharan Bhagat - The comb makers of Patna who got trapped in a lifetime deal that backfired spectacularly
  • โญ Gujarat Bottling Company Ltd. vs. Coca Cola Company - How Coca-Cola's franchise agreement survived legal challenges while others failed

๐ŸŽฏ Key Legal Principles:

  • โšก Section 27 of Indian Contract Act 1872 - Why it matters for your business
  • ๐Ÿ›ก๏ธ When exclusive supply agreements protect legitimate business interests
  • โฐ Why contract duration can make or break your legal case

๐ŸŽ™๏ธ Whether you're a business owner, entrepreneur, or just curious about how contracts work, this episode reveals the hidden legal traps in 'exclusive' business deals - and how to avoid them!

...more
View all episodesView all episodes
Download on the App Store

Contract LawBy Sharad Bansal