Basic principles of contract law

  • Elements of contract

    It is agreed and understood that, as between the Main Contractor and the Subcontractor, the legal relationship is strictly on a principal to principal basis.
    Nothing is deemed to constitute or imply any other legal relationship such as principal-agent, master-servant or otherwise..

  • What is the basic principle of contact?

    The general principles in the formation of a contract are Offer, I.T.L.R (Intention To create Legal Relations), Consideration, and Acceptance..


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