VOID AGREEMENTS u/s 2(g)
(PART 2)
MODULE 1 : PART 13(2)
MMR MODULE 1: BUSINESS LAWS S3 BBA
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, 8.AGREEMENTS IN RESTRAINT OF LEGAL
PROCEEDINGS [SECTION 28]
An agreement by which any party is restricted absolutely from
enforcing his legal rights under or in respect of any contract is void
to that extent. An agreement which interferes with the course of
justice is void on account of its being opposed to public policy.
The following are the four kinds of agreements which are in
restraint of legal proceedings, and are therefore, void:
a) Absolute restrictions from enforcing legal rights: Any
agreement that absolutely restricts a party to a contract from
enforcing his contractual rights in ordinary tribunals is void.
b) Agreements curtailing the limitation period: An agreement
which limits the time within which an action may be brought so
as to make it shorter than that prescribed by the Law of
Limitation, is void because its object is to defeat the provisions
of law.
MMR MODULE 1: BUSINESS LAWS S3 BBA
This presentation uses a free template provided by FPPT.com
www.free-power-point-templates.com
(PART 2)
MODULE 1 : PART 13(2)
MMR MODULE 1: BUSINESS LAWS S3 BBA
This presentation uses a free template provided by FPPT.com
www.free-power-point-templates.com
, 8.AGREEMENTS IN RESTRAINT OF LEGAL
PROCEEDINGS [SECTION 28]
An agreement by which any party is restricted absolutely from
enforcing his legal rights under or in respect of any contract is void
to that extent. An agreement which interferes with the course of
justice is void on account of its being opposed to public policy.
The following are the four kinds of agreements which are in
restraint of legal proceedings, and are therefore, void:
a) Absolute restrictions from enforcing legal rights: Any
agreement that absolutely restricts a party to a contract from
enforcing his contractual rights in ordinary tribunals is void.
b) Agreements curtailing the limitation period: An agreement
which limits the time within which an action may be brought so
as to make it shorter than that prescribed by the Law of
Limitation, is void because its object is to defeat the provisions
of law.
MMR MODULE 1: BUSINESS LAWS S3 BBA
This presentation uses a free template provided by FPPT.com
www.free-power-point-templates.com
