ESSENTIAL OF A VALID CONTRACT

ESSENTIALS OF A VALID CONTRACT 

                                                       Essentials of a valid contract

As given by Section 10 of Indian Contract Act, 1872		Not given by Section 10 but are also considered essential
Agreement	1	Two parties
Free consent	2	Intention to create legal relationship
Competency of the parties	3	Fulfillment of legal formalities
Lawful consideration	4	Certainty of meaning
Legal object	5	Possibility of performance
Not expressly declared to be void	6	-