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hello viewers welcome to our channel today we are going to discuss about vegetarian agreement its elements and effects now lets see what is vegetarian agreement under section 30 indian contract act 1872 an agreement between two persons under which money or money is worth is payable by one person to another on the happening or x promises to pay rupees 2000 to y if it rains on a particular day and y promises to pay rupees 2000 to x if it on a particular day it is uncertain wagering agreement is a promise to give money or moneys worth upon the determination of uncertain event essential elements of wagering agreements there must be a promise to pay money or moneys foreign performance of a promise must depend upon determination of uncertain event mutual chances of gain or loss that is applicable to both the parties neither party to have control over the events there should be a common interest in both the parties one party is to win and the other party is to lose agreement not held as wa