Contract law of pakistan

  • What is the law of consideration in Pakistan?

    It is an obligation, a commission or an omission of an at the desires and interests of both parties, thus it is the contribution of each party to the contract.
    The contribution of one party is the consideration of the other party and vice versa.
    In Pakistan, consideration is incorporated within provisions of the Act.Sep 1, 2023.

The Contract Act 1872 Pakistan defines a contract as an agreement enforceable by law. However, the following are the essential conditions that make an agreement or promise a contract. Both the parties have the intention to make a contract.

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