Parties to a Contract Third party beneficiaries

In this video we will explain about parties to a contract. This is a Contract law series. In this series, we will deal with all the contract law related concepts.

Whether it is buying or selling a home or checking into a hotel, most people will enter into a legally binding agreement with another party at some point in their lives. This legally binding agreement is known as a contract, and for a contract to be an enforceable instrument, it must contain an agreement between two parties, intent to fulfill its promises and consideration. Also, both parties must have capacity or mental ability, which means being free of mental illness.

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