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A contract is a legally enforceable agreement between parties to do something (or to not do something).

Any legal contract must contain certain elements. First, it must contain an offer. The offer is what someone is going to do, such as lease you a tractor, sell you a guitar, paint your house, or simply pay you.

Second, the offer must be accepted. Acceptance means that you agree to what is offered, without any changes. (If you make changes to the offer, it is typically considered a “counter-offer.” which must itself be accepted)  

Third, it must represent the intent of both parties to enter into a legally binding agreement. In other words, both parties have to be aware that the agreement could be enforced by law.

Finally, it must contain consideration. “Consideration” means something of value, which is usually money, bargained for in exchange for the product or service that is being offered.

The parties have to be competent to enter into this agreement and they have to have entered into it voluntarily. These agreements can be oral, but naturally their enforceability increases if they are written. If the agreement is oral, it is still enforceable, but first you have to prove that it existed, which can sometimes be hard to do.

Benefits of doing this Course

  • This course provides you with plenty of opportunities to pursue your career using the skillset obtained through this course.
  • This course will not only make you familiar with basic of contract but will also make you able to enter and create contract in a more productive and innovative way.
  • Moreover these modules are in a student centric format whether you are a law student or a management student it can be a very good topic for you dissertation or the assignment.
  • Also this course is basically a concept clarity with knowledge expansion if you are preparing for any of the competition NET, SEBI, NABAR or any others, or even if for CLAT.. the modules o this course are a portion of syllabus of most of these exams so if you complete this course at least you are done completely with this part of your target.
  • And top of all , you’ll be getting a valuable certificate from IALM after completion of this course.

Other important information about this ONLINE Course 

  • Maximum Duration to complete the Course: 1-Month
  • Course Fees: Rs. 3,500/- (Several Payment Options Available: Credit & Debit Cards, Cheque, Demand Draft, Cash, Wire Transfer – NEFT, PayTM)
  • Online Evaluation Method: Based on “Multiple Choice Question (MCQs)” and an “Assignment Submission” of 500 words.
  • The score of the online examination will be taken as final result and Grade will be assigned as per the following scheme: Grade A – 80-100, Grade B – 65-79, Grade C – 50-64, Reattempt – Below 50
  • Next Batch: Each IALM course starts immediately after payment. Students can register online for the course any time. Upon payment of fees and registration, the present Course will start immediately. 


Type Lesson Title Time
Introduction & Basics Of Contract 4 Hrs
Definition of Contract 8 Hrs
Elements of a Valid Contract 8 Hrs
Capacity to contract 4 Hrs
Contract & business world 8 Hrs
Case Laws and Summary 8 Hrs
Assignment 4 Hrs

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