Novation is the complete substitution of the old contract with a new contract. If such substitution is complete, then the old contract need not be performed.

The doctrine of promissory estoppel is an equitable doctrine which finds its existence in both common and civil law. If one party acts on the promise of the other party, the other party is not allowed to go back on the said promise.

If the obligations under a contract are being assigned to another party, such an assignment cannot take place without the consent of the counterparty to the contract.

Breach of contract which gives rise to a right to terminate the contract is called a repudiatory breach.

The terms and conditions of a contract can either be expressly stated or they may be implied in the contract. It is only in absence of an express term that implied terms are inferred.

This is a landmark case that deals with the interpretation of implied terms in a contract.

This is a landmark case on the validity of a contract in case of mistake of facts. According to Section 20 of the Indian Contract Act, the mistake has to be….

Contingent contracts are contracts to do or not to do something, if some collateral event to such contract does or does not happen.

Privity of contract means that only parties to a contract can sue each other. A third party or a stranger to the contract, cannot sue the parties for breach of contract.