Meaning Definitions and Essentials Elements of a Valid Contract

The document discusses the meaning, definitions, and essentials of a valid contract under Indian law. It provides definitions of a contract from various legal scholars and under Indian Contract Act 1872. It explains that a valid contract requires an offer and acceptance, lawful consideration, lawful object, free consent between competent parties, and intention to create legal obligations. The document outlines the key elements that must be present for an agreement to amount to an enforceable contract under Indian law.