Glossary
Plain-English definitions of Indian legal terms used in commercial contracts.
Arbitration (Indian Law) — Arbitration & Conciliation Act 1996 Framework
Plain-English definition of arbitration under Indian law. Covers the Arbitration and Conciliation Act 1996, institutional vs ad-hoc arbitration, and seats commonly used by Indian counsel.
Force Majeure (Indian Law) — Definition + Section 56 Framework
Plain-English definition of force majeure under Indian law. Covers contractual force majeure clauses and Section 56 of the Indian Contract Act (frustration of contract).
Governing Law (Indian Contracts) — Choice of Law Framework
Plain-English definition of the governing law clause in Indian commercial contracts. Covers party autonomy, lex contractus, and when to choose Indian law vs foreign law.
Indemnity (Indian Law) — Definition + Section 124 ICA Framework
Plain-English definition of indemnity under Indian law. Covers Section 124 of the Indian Contract Act, 1872, the difference from a warranty, and standard market caps in Indian B2B contracts.
Liquidated Damages (Indian Law) — Section 74 Framework
Plain-English definition of liquidated damages under Indian law. Covers Section 74 of the Indian Contract Act, the reasonable compensation test, and the distinction from penalties.