COVER LETTER

Author 1;- Som Dutt Vyas

Designation ;- Student
University ;- Maharashtra National Law University Aurangabad
Contact number ;- 8764006910
Email id:- sduttvyas@gmail.com

Author 2;- Aishwarya Pandey

Designation ;- Student
University ;- Maharashtra National Law University Aurangabad
Contact number ;- 8887815942
Email id:- mkhoolaish@gmail.com
 ABSTRACT

PERFORMANCE OF CONTRACTUAL OBLIGATIONS LAW AND PRACTICE:

In the current riveting and contemporary era of hyper boom in the global economy, it is obligatory
to enlist that there are certain Contractual obligations and laws which are bound to govern and
overhaul the global industries as a whole in various facets of the basic institutionalisation of
Contractual relationships. Furthermore to combat arbitrariness and to avoid global fraud, such
contractual relationships which range from being trifling to being that of much more incidental
approach, it is the devoir of utmost importance for legal fraternity to embark upon the certain
mechanism to enhance the performance and outreach of such contracts.

As per the Indian Contracts Act 1872, a contract can be defined with utmost brevity as a An
agreement enforceable by law1, or in other words a contract is anything that is an agreement and
enforceable by the law of the land.

In furtherance to this, one of the most ardent and paramount facets of law as a subject is to ensure
social justice and civility amongst the society as a whole, to maintain a peaceful and merrier
society it is supremely important for all the 3 pillars of Justice i.e. legislature, executive and
judiciary and to ensure a staunch and effective mechanism for combating against Contractual
Frauds, fallacies and related conundrums which can be resolved by a well organised and efficient
Laws and relevant practices for effective Performance of Contacts.

Furthermore being a part of legal fraternity, and being a pupil of law which is a transcendental
discourse of Day-to-Day life, it is Authors’ utmost and prime duty to divulge the very thoughts
and to research in various aspects of the Legal picturesque .

Henceforth in this paper ,we would be dealing with certain fields in furtherance of researching on
the resolution Vis-à-Vis the effectiveness and efficiency on the Performance of Contracts . Our

1
The Indian Contract Act, 1872, Section 2(h)
paper will include certain key elements, through which we will try to shed some light on the
emerging trends and issues with relevance to my topic of research paper. These pointers being:-

1. Evolution of Contracts as a subject of Law.

2. Contemporary and Historical aspects of Contractual obligations and relevant Laws.
3. Effectiveness of the current Contractual obligations and Laws.
4. Certain case studies and landmark case laws in the evolution of mechanism of laws related
to Contracts.
5. Effectiveness of the remedy of Substituted Performance under Specific Relief
(Amendment) Act, 2018.
6. Specific Performance as a rule rather than an exception.
7. Substantial Performance as an effective defence.
8. Further reforms in Reference to Laws pertaining to performance of contracts.

Lastly through this piece of research work I would further like to add certain quintessential aspects
of nuanced jurisprudence in the realm of ever-growing Contractual Resolutions as a beacon of new
hope in the current scenario.