Does a Memorandum of Understanding (MoU) Qualify as a Valid and Binding Contract?

Introduction In recent times, many persons have been bothered about whether or not the capturing of their agreements or contractual arrangements in a document headed or tagged "Memorandum of Understanding" (MOU) would create a binding obligation which can be enforced if breached. This short write up seeks to address this conundrum in the simplest and …

What are the Effects of COVID-19 on Contracts

The Corona Virus Pandemic also known as the COVID-19 virus has disrupted many events of the world. It has affected almost all the industries and has raised a lot of uncertainties, most especially, in the field of commerce. Due to the nature of the virus and the rate of its spread, people have been forced …

Validity of a Contract by an Illiterate

VALIDITY OF A CONTRACT BY AN ILLITERATE A contract can be generally defined as a voluntary binding agreement between two or more people which is enforceable by law. In essence, for there to be a binding agreement, parties must have what is called in law “concensus ad idem”. Put rather nakedly, parties to the contract …