Essential elements of a valid contract (Section 10 of the Indian Contract Act)

In this video, we have discussed the essential elements of a valid contract. Section 10 of the Indian Contract Act talks about essential elements of a valid contract.

Section 10 of the Indian Contract Act says, “all agreements are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration and with a lawful object and are not expressly declared to be void”.

As given by Section 10, there are 6 essential elements. Which are:
1. Agreement
2. Free consent
3. Competency of the parties
4. Lawful consideration
5. Legal object
6. Not expressly declared to be void

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