Void image in the Reorganization Agreement in a few clicks

Aug 6th, 2022
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How to void image in the Reorganization Agreement

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[Music] [Music] friends let us move on to understanding another important provision in contract law and thats section 27. like i told you in the past section 23 and section 27 assumes great amount of significance in understanding contract law in modern times section 27 of the indian contract act clearly states that an agreement in restraint of trade is void agreement in restraint of trade is void which clearly states that agreements should not in any way try and restrain someones freedom of trade freedom of trade beach of an individual or freedom of trade beat of companies cannot be restricted through any kind of agreement or clauses if one tries to look at the justification it clearly means that even in 1872 and also later on once the constitution of india was adopted freedom of trade was very very paramount as a right both under common law both as an equitable right and then as a constitutional right everyone must be free to trade that kind of freedom of trade is something contract

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Legal Principle: An agreement, the meaning of which is not certain, or capable of being made certain, is void.
A void agreement is one which cannot be enforced by law . Sometimes an agreement which is enforceable by law, i.e., a contract, can become void. Void agreements are different from voidable contracts, which are contracts that may be nullified.
Parties enter into Restructuring and Reorganization Agreements when they want to change the financial, equity, legal or operational structures of a company (or companies within an affiliated group). Restructuring and Reorganization Agreements encompass a wide range of transactions.
Agreements, the meaning of which is not certain, or capable of being made certain, are void. Illustrations. (a) A agrees to sell to B a hundred tons of oil. There is nothing whatever to show what kind of oil was intended. The agreement is void for uncertainty.
Rescission is the voiding of a contract that a court does not recognize as legally binding.
an arrangement that is accepted by all parties to a transaction. a contract or other document delineating such an arrangement. unanimity of opinion; harmony in feeling: agreement among the members of the faculty.

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