Essential Elements of a Valid Contract under Nepali Law
A valid contract in Nepal must fulfill key legal elements as outlined in the National Civil Code, 2074. These include offer and acceptance, lawful consideration, competency, consent, and intention to form legal relations. Additional criteria such as clarity, enforceability, and absence of void conditions are equally critical. The article explores each component in depth, ensuring both legal professionals and the general public understand how to form enforceable agreements in Nepal. Whether for personal, commercial, or business use, contracts play a vital role in ensuring fairness, accountability, and legal protection in all forms of transactions.