The Formal Contract is a fundamental legal instrument in Indian business practice, designed to create legally binding relationships between parties with clearly defined rights and obligations. This document type is particularly important when parties need to establish detailed, enforceable terms for significant business arrangements. The contract must comply with the Indian Contract Act, 1872, and other relevant legislation, making it suitable for both domestic and international business relationships where Indian law governs. It is commonly used for high-value transactions, long-term business relationships, or complex arrangements where comprehensive documentation of terms is essential. The document typically includes detailed provisions for performance standards, risk allocation, dispute resolution, and specific industry requirements, making it adaptable to various business contexts while maintaining legal enforceability.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies and defines all parties to the contract with their complete legal names, addresses, and registration details
2. Background: Sets out the context and circumstances leading to the agreement, including the parties' intentions
3. Definitions: Defines key terms used throughout the agreement to ensure consistent interpretation
4. Scope of Agreement: Clearly outlines the subject matter and scope of the contract
5. Rights and Obligations: Details the specific rights, responsibilities, and obligations of each party
6. Term and Termination: Specifies the duration of the agreement and circumstances for termination
7. Payment Terms: Outlines the consideration, payment schedule, and related financial terms
8. Representations and Warranties: Contains statements of fact and promises made by the parties
9. Indemnification: Sets out the parties' obligations to protect each other from specific losses
10. Confidentiality: Establishes obligations regarding confidential information
11. Dispute Resolution: Specifies the process for resolving disputes, including jurisdiction and governing law
12. Force Majeure: Addresses circumstances beyond parties' control that may affect contract performance
13. General Provisions: Contains standard boilerplate clauses including notices, amendments, and severability
14. Execution: Contains signature blocks and execution formalities
1. Intellectual Property Rights: Include when the contract involves creation, licensing, or transfer of IP
2. Insurance: Include when specific insurance coverage is required from either party
3. Assignment and Subcontracting: Include when there's a need to control transfer of rights or obligations
4. Compliance with Laws: Include when specific regulatory compliance needs to be addressed
5. Data Protection: Include when personal data processing is involved
6. Non-Competition: Include when restrictions on competitive activities are needed
7. Change Management: Include when the contract scope may need modification during its term
8. Service Levels: Include for service-based contracts requiring performance metrics
1. Schedule 1 - Services/Products: Detailed description of services or products covered by the agreement
2. Schedule 2 - Pricing: Detailed pricing structure, rates, and payment terms
3. Schedule 3 - Service Levels: Specific performance metrics and service level requirements
4. Schedule 4 - Key Personnel: Details of key team members and their roles
5. Schedule 5 - Technical Specifications: Technical requirements and specifications
6. Appendix A - Forms and Templates: Standard forms for notices, change requests, or other communications
7. Appendix B - Compliance Requirements: Specific regulatory or compliance requirements
8. Appendix C - Insurance Requirements: Detailed insurance coverage requirements
Find the exact document you need
Lease Agreement Form
An Indian law-compliant agreement establishing terms and conditions between property owner and tenant for the rental of residential or commercial property.
Download
Evergreen Contract
An automatically renewing contract template compliant with Indian law, designed for ongoing business relationships.
Download
Contract For Deed
An Indian law-compliant agreement where property is sold through installment payments, with the seller retaining title until full payment is received.
Download
Bespoke Contract
A customized legal agreement tailored to specific business requirements under Indian law, incorporating both mandatory legal provisions and specialized commercial terms.
Download
Supplementary Agreement
An Indian law-governed document that modifies or adds to an existing agreement while maintaining its core structure and legal framework.
Download
Public Contract
An Indian law-governed agreement between a government entity and private party for public procurement, following government procurement regulations and compliance requirements.
Download
Partnership Agreement In Written Form
A legally binding agreement under Indian law that establishes a partnership between two or more parties, defining their rights, responsibilities, and business relationship.
Download
Business Agreement
A legally binding business agreement under Indian law establishing commercial relationships between parties, incorporating key provisions and compliance requirements.
Download
Warrant Agreement
An Indian law-governed agreement establishing terms for issuance and exercise of warrants, complying with SEBI regulations and Companies Act requirements.
Download
Triple Net Lease Agreement
An Indian law-governed lease agreement where the tenant is responsible for property taxes, insurance, and maintenance costs in addition to rent.
Download
Surety Agreement
An Indian law-governed agreement where a surety guarantees the payment or performance obligations of a principal debtor to a creditor.
Download
Subscription Agreement
An Indian law-governed agreement establishing terms for recurring access to products or services, defining rights and obligations of service providers and subscribers.
Download
Sub Tenancy Agreement
An Indian law-compliant agreement allowing a tenant to lease their rented property to another party, subject to state-specific regulations and original lease terms.
Download
Short Term Contract
An Indian law-governed contract for temporary employment relationships, establishing terms and conditions for fixed-duration engagements while ensuring compliance with local labor regulations.
Download
Scheduling Agreement
An Indian law-governed framework agreement establishing terms for scheduled, recurring deliveries of goods or services with predetermined quantities and timelines.
Download
Probationary Contract
An Indian law-governed employment agreement establishing terms for a probationary period of employment, including conditions for permanent confirmation.
Download
Purchase Proposal
A formal document under Indian law outlining a buyer's intent to purchase specific goods or services, including key terms and conditions.
Download
Novation Agreement (Real Estate)
An Indian law-governed agreement transferring rights and obligations under an existing real estate contract from one party to another, with the consent of all parties involved.
Download
Novation Agreement
An Indian law-governed tripartite agreement that transfers contractual rights and obligations from one party to another, with all parties' consent.
Download
Option Contract (Real Estate)
An Indian law-governed agreement granting exclusive rights to purchase specified real estate property within a set timeframe and price.
Download
Material Contract
An Indian law-governed agreement establishing terms for material supply, including specifications, quality standards, and delivery terms.
Download
Labor Contract
An Indian law-compliant employment agreement establishing terms and conditions between employer and employee.
Download
Lease Deed
An Indian law-compliant legal document establishing terms and conditions for leasing property between a lessor and lessee.
Download
Informal Contract
Template for creating simple, legally valid informal contracts under Indian law, suitable for small businesses and freelancers.
Download
Individual Contract
An Indian law-governed employment contract establishing terms and conditions between employer and employee, ensuring compliance with local labor laws.
Download
Franchise Agreement
An Indian law-governed agreement establishing a franchise relationship, granting business operation rights under the franchisor's brand and system.
Download
Form For Independent Contractor
Standard Indian law-compliant Independent Contractor Agreement template for establishing and managing independent service provider relationships.
Download
Encroachment Agreement
An Indian law-compliant agreement that resolves property encroachment issues between parties, establishing rights and obligations regarding the encroached property.
Download
Executive Contract
An Indian law-governed employment agreement for executive positions, defining terms of employment, duties, compensation, and obligations in compliance with Indian corporate and labor laws.
Download
Contingency Contract
An Indian law-governed Contingency Contract establishing obligations dependent on specified future uncertain events, structured under the Indian Contract Act, 1872.
Download
Consent Agreement
An Indian law-compliant agreement documenting explicit consent for personal data collection and processing, ensuring legal data handling practices.
Download
Business To Business Contract
An Indian law-governed contract template for establishing commercial relationships between business entities, ensuring compliance with Indian contract law and commercial regulations.
Download
Barter Agreement
An Indian law-governed agreement facilitating the direct exchange of goods/services between parties without monetary consideration.
Download
Master Contract
An Indian law-governed framework agreement that establishes standard terms and conditions for future specific agreements between parties.
Download
Notarial Contract
An Indian law-governed contract formally authenticated by a licensed notary public, providing enhanced legal certainty and evidentiary value.
Download
Basic Ordering Agreement
An Indian law-governed master agreement establishing terms and conditions for future orders between parties, streamlining recurring business transactions.
Download
Guarantee Contract
An Indian law-governed contract where a guarantor undertakes to fulfill another party's obligations to a beneficiary upon default.
Download
Tenancy Agreement Form
An Indian law-compliant agreement establishing terms and conditions between landlord and tenant for property rental, incorporating relevant state and central legislation requirements.
Download
General Tenancy Agreement
An Indian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant, governed by Indian property legislation and state-specific regulations.
Download
Contract Agreement Form
A standardized contract agreement template compliant with Indian law, establishing legally binding terms between parties.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)