Legal Advisor! • 1y
Understanding the Parol Evidence Rule in Indian Contract Law The Supreme Court judgment in Mangala Waman Karandikar vs. Prakash Damodar Ranade highlights the importance of the Parol Evidence Rule in contract interpretation. Here's what you need to know: 1. The rule limits courts to interpreting contracts within the "four corners" of the written document. 2. Sections 92 and 95 of the Indian Evidence Act, 1872 incorporate this principle. 3. Key takeaway: Extrinsic evidence contradicting clear contract terms is generally inadmissible. 4. The Court emphasized that ambiguity must be established before considering external evidence. Pro tip: Include an 'Entire Agreement' clause to reinforce the contract's finality and completeness. Clear, specific, and unambiguous language in contracts is crucial to avoid litigation. It must be ensured that the drafting reflects the true intentions of the parties.
Helping an Idea to S... • 1y
Delhi HC Seeks Dealer, Product Details From Tesla Power India In Trademark Case With Musk’s Tesla Inc - Court's Inquiry: Delhi High Court asks Tesla Power India for details on electric scooter sales amid a trademark dispute initiated by Tesla Inc.
See MorePrev- Founder & CEO ... • 1y
If you own a small or mid sized business, Please think 100 times before accepting government contracts and have contingency plans ready 1. Assume that any government contract or plan you receive is only valid for 5 years or less 2. If the admini
See MoreI'm just a normal gu... • 3m
In a major boost to Amaravati’s development, Larsen & Toubro (L&T) has secured the contract to construct the iconic Andhra Pradesh Assembly building. Meanwhile, NCC Limited has been awarded the project to build the new High Court building in the capi
See MoreDream first then hus... • 4m
Rupee Performance: The Indian rupee is expected to remain defensive amid ongoing foreign portfolio outflows, despite a slight rise to 86.7125 against the U.S. dollar. The Reserve Bank of India's interventions have mitigated speculative pressure but h
See MoreHey I am on Medial • 4m
We built an AI agent for A/R automation after finding businesses struggling with handling SOWs/ sales contracts, sifting through them everytime before invoicing and delayed payments from customers. We made the contract-invoice workflow completely aut
See MoreDownload the medial app to read full posts, comements and news.