The main contract law in india is codified in the indian contract act which came into effect on 1 september 1872 and extends to all india except the state of jammu and kashmir it governs entrance into contract and effects of breach of contract indian contract law is popularly known as mercantile law of india. The contract law of india indian law series tue 15 jan 2019 201500 gmt the contract law of india pdf a contract is a promise or set of promises. The indian contract act 1872 prescribes the law relating to contracts in india the act was passed by british india and is based on the principles of english common law it is applicable to all the states of india except the state of jammu and kashmir . Indian contract law regulates contract law in india except the state of jammu and kashmir the main contract law in india is codified in the indian contract act 1872 which came into effect on september 1 1872 and is applicable in the whole country. Introduction this article is the first in a series of three articles looking at some of the key differences between contracts made under indian law and those made under english law
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