Commercial law must be certain and predictable

I take example of a clause in a contract about liquidated damages to demonstrate how the many judgments interpreting section 74 of the Indian Contract Act have made this branch of law uncertain and unpredictable for contracting parties.

Click here to read.

This is my speech at the inaugural session of a Seminar organised by the National School of India University, Bengaluru : “Strengthening Legal Provisions for the Enforcement of Contracts”.

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