Essential Elements of Valid Contract By Dr. Teena Pareek, Sandip University

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Instructor Profile:

31Dr. Teena Pareek

Associate Professor, SOCMS Management, Sandip University, Nasik, India

Dr. Teena Pareek is a distinguished academic and researcher, currently serving as an Associate Professor in the School of Management Studies (SOCMS) at Sandip University, Nasik, India. With a robust academic background in English Literature and Human Resource Management, she holds a BA (Hons) in English Literature, an MA in English Literature, and an MBA in Human Resource Management.

With over 7 years of academic experience complemented by 3.5 years in the corporate sector, Dr. Pareek uniquely integrates theoretical knowledge with practical insights. Her professional journey reflects a deep commitment to fostering student growth and academic excellence, having taught and mentored numerous students in the domains of Human Resource Management and English Literature.

Dr. Pareek’s industry experience has endowed her with firsthand insights into organizational dynamics and challenges, enriching her teaching and research with real-world perspectives. Her research interests are diverse and encompass critical areas of Human Resource Management, including leadership development, HR analytics, employee engagement, motivation, and organizational culture. Through her work, she explores the intricate relationships among these topics and their collective impact on organizational success.

Dr. Pareek has significantly contributed to the academic community, having published 10 research papers in reputable Scopus and ABDC journals. Her research has garnered recognition at both national and international levels, with numerous presentations at esteemed conferences. Her dedication to advancing knowledge in Human Resource Management and her unwavering commitment to research excellence position her as a thought leader in the field.

With a passion for teaching, Dr. Teena Pareek is dedicated to inspiring the next generation of leaders and scholars in Human Resource Management. Her expertise, combined with her enthusiasm for research and commitment to student development, makes her a valuable assetto any Massive Open Online Course (MOOC) initiative, enhancing the learning experience for participants and fostering a deeper understanding of HR management principles.

 

Course Outline: Essential Elements of Valid Contract

 

Module 1: Introduction to Contracts

  • Understanding Contracts: Definition and significance of contracts in legal and business contexts. Types of contracts: written, oral, express, and implied contracts.
  • The Importance of Valid Contracts: Legal enforceability and implications of a valid contract. Consequences of invalid contracts and common pitfalls to avoid.

 

Module 2: Key Elements of a Valid Contract

  • Offer and Acceptance: Definition of an offer and the requirements for a valid offer. Acceptance: methods, conditions, and the importance of mutual agreement.
  • Consideration: Explanation of consideration and its role in contract formation. Types of consideration: executed, executory, and past consideration.
  • Legal Capacity: Who can enter into a contract: minors, mentally incapacitated individuals, and corporations. The concept of capacity and its legal implications.

 

Module 3: Legality and Intention

  • Legality of Purpose: Understanding legal versus illegal contracts and their enforceability. Public policy considerations and their impact on contract validity.
  • Intention to Create Legal Relations: Distinguishing between social and commercial agreements. Factors influencing the intention to create binding obligations.

 

Module 4: Contractual Terms and Discharge

  • Terms of the Contract: Classification of terms: express and implied terms, conditions and warranties. Importance of clarity and specificity in drafting contractual terms.
  • Discharge of Contracts: Methods of discharge: performance, mutual consent, breach, and frustration. Remedies for breach of contract and their significance in legal practice.

 

This course aims to equip participants with a comprehensive understanding of the essential elements of valid contracts, enabling them to navigate legal agreements effectively in both personal and professional settings.

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