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SHORT ANSWER: Indian courts interpret the Indian Contract Act to enforce agreements that are legally valid and not against public policy. DETAILS: - The Indian Contract Act, 1872 governs contracts in India. - Courts examine the elements of a valid contract: offer, acceptance, consideration, and intention to create legal relations. - Disputes are resolved based on the terms of the contract and applicable laws. PUNISHMENT / IMPLICATIONS (if applicable): - Breach of contract may lead to compensation or specific performance as per Section 73 and Section 14 of the Act. SOURCE: - Indian Contract Act, 1872
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