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In this video tutorial, Ruth Nish Parikh discusses the essential element of free consent in a valid contract according to section 10 of the Indian Contract Act. Free consent is necessary for a contract to be valid, and if consent is not free, the contract is considered void. Section 14 defines free consent as not being affected by coercion, undue influence, fraud, misrepresentation, or mistake. Coercion is defined in section 15 as compelling someone to do something. Understanding these terms is important to determine free consent.