Contract Law: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Updated on Sep 27, 2024 04:58 IST
Pragati Singh

Pragati SinghSenior Executive - Content

Contract Law course is a branch of Law that deals with agreements between parties that are legally enforceable. Contract law is the essential foundation for commercial activity in India. It governs agreements between parties, outlining their rights and obligations, and enforcing them if necessary. Contract Law plays a significant role in India's growing economy. The Indian Contract Act, 1872, is the primary legislation governing this field. Understanding contract law empowers individuals and businesses to negotiate better agreements, protect their interests, and enforce their rights. 

This core subject is integrated into various undergraduate and postgraduate law degrees, such as Bachelor of Laws (LLB) and Master of Laws (LLM). Regardless of the legal specialisation, a strong understanding of Contract Law is crucial for any legal professional.

For Contract Law eligibility, you'll need to complete Class 12 (10+2) and qualify for entrance tests For PG programs, a recognized LLB degree is required. After completing your LLB, you can specialize in contract law by pursuing an LLM degree with a focus on Contract Law. 

Currently, there is only one college that provides Contract Courses in India i.e.Government Institute of Forensic Science. Accepted Contract Law exams are Maharshtra HSC and CBSE 12th, and there is no requirement for an entrance exam for the Contract Law course. 

Contracts work as documented proofs when either party involved refuses to fulfill its written legal obligation or when there is some other legal dispute over the legal obligation. With thousands of contract-related legal disputes lying in the courts of law, pursuing a course in Contract Law is a good option for students. Contract law is a basic requirement of legal writing. It is a part of every law specialisation in India, be it IPR, Family law, Civil law, Criminal law, Commercial law, Corporate law, etc

Table of Contents
  1. Contract Law Course Details: Highlights
  2. What is Contract Law Course?
    • 2.1 What is the scope of Contract Law?
    • 2.2 What are the objectives of learning the Contract Law?
  3. Contract Law Eligibility Criteria
  4. Top Contract Law Entrance Exams 2025
  5. Contract Law Subjects & Syllabus
    • 5.1 Contract Law Information You Might Be Interested In:
    • 5.2 Contract Law Courses
  6. Best Contract Law Colleges
  7. Contract Law Career Scope and Job Profiles
    • 7.1 Contract Law Top Law Recruiters
  8. Contract Law FAQs

Contract Law Course Details: Highlights

The highlights table gives quick information about the course types, duration, course fees, and entrance exams for pursuing Contract Law. Candidates can check this table for an idea about the average salary offered after completing this course as well as the top recruiters for law graduates. Check key points related to courses related to Contract Law in the table below:
Particulars Details
Course Name PG Diploma in Contract Law
Course Level Post Graduate Diploma
Course Type Full Time
Entrance Exam Maharshtra HSC and CBSE 12th.
Admission Process Entrance Exam Based
Top Colleges Government Institute of Forensic Science

NOTE: This information is sourced from official website and may vary.

Contract Law Information You Might Be Interested In:

All about NLU Courses in India - Five-year LLB, three-year LLB, and LLM courses

Q:   What is Contract Law all about?

A:

A Contract Law is a law that relates to making and enforcing agreements between two or more parties. Contract law deals with issues such as the essentials of a valid contract, eligibility to form a contract, void and voidable contracts, voidable agreements, quasi-contracts, etc. In fact, important Acts such as the Sale of Goods Act and Partnership Act are also based on the concepts of Contract Law. The Indian Contract Act also deals with contracts of bailment, pledge, agency and indemnity.

What is Contract Law Course?

Contract Law course forms the bedrock of commercial activity in India, governing agreements between parties, outlining their rights and obligations, and enforcing these agreements when necessary. It is fundamental in law degrees, integrated as a core subject in various undergraduate and postgraduate law programs such as the Bachelor of Laws (LLB) and Master of Laws (LLM).

  • Essential for Business: Contract law isn't a separate degree, but a core subject integrated into law programs like LLB and LLM, providing the foundation for commercial activity.
  • Governments Agreements: It outlines the rules for agreements between parties, defining their rights and obligations, and enforcing them if needed (think buying a house or hiring a service).
  • Foundational for All Lawyers: Regardless of specialization (criminal law, family law, etc.), a strong understanding of contract law is essential for any legal professional.

Relevant Information For CLAT 2025:

How to clear CLAT 2025 in first attempt?

110+ Important Vocabulary Words for CLAT Exam 2025

CLAT Logical Reasoning section 2025

What is the scope of Contract Law?

The scope of Contract Law in India is broad and encompasses the entire lifecycle of agreements between parties. Here's a breakdown of its key areas:

  • Formation of Contracts: This involves the legal requirements for a valid contract, including offer and acceptance, consideration (exchange of value), capacity to contract (age, mental state), and legality of purpose.

  • Performance of Contracts: Contract Law defines the obligations of each party and what constitutes proper performance. It also addresses issues like time of performance, impossibility of performance, and discharge of contracts.

  • Breach of Contract: When a party fails to fulfill their contractual obligations, contract law provides remedies for the non-breaching party. This can include damages (monetary compensation), specific performance (forcing the other party to fulfill the contract), or termination of the contract.

Relevant Information For CLAT 2025:

CLAT Logical Reasoning section 2025

What are the objectives of learning the Contract Law?

The objectives of learning contract law can vary and depend on the individual who is interested to pursue it. However, one can take the below-given objects as the generic objectives related to pursuing a Contract Law :

  • Gain a comprehensive understanding of the fundamental principles of contract law, including offer, acceptance, consideration, capacity, legality, and mutual assent.

  • Develop the ability to analyze and interpret contracts, identify potential legal issues, and draft clear and enforceable contracts.

  • Understand the various remedies available to parties in breach of contract, including damages, specific performance, and rescission.

  • Gain familiarity with the different types of contracts, such as sales contracts, employment contracts, and construction contracts.

Q:   How is Contract Law related to CA and CS courses?

A:

Contract Law includes various paperwork related to agreements and contracts a company or firm makes with other stakeholders. It is an essential ingredient of finance and accountancy, therefore, it is directly related to Chartered Accountancy. Hence, the course curriculum of both courses includes Company Secretary and Chartered Accountancy including Contract Law and other allied laws as mandatory subjects.  It is a part of the important company related legislation that every CA and CS aspirant must be thorough with. Hence it is an indispensable part of the curriculum.

Contract Law Eligibility Criteria

The basic eligibility that candidates should fulfil to pursue Contract Law at UG or PG level include:

Course Eligibility Criteria
PG Diploma
  • Candidates must possess either graduation degree in any relevant field or LLB degree.
  • There are usually no eligibility criteria for short-term certificate Contract Law programmes offered in online or offline mode. 

Relevant Information For CLAT 2025:

CLAT UG Vs CLAT PG: Key Differences in exam Pattern, Syllabus and Other Important Details

Q:   Which is the best book for Contract Law?

A:

Choosing the best contract law book can be subjective and depends on your level of experience, learning style, and specific interests within contract law.

But still, here are three highly regarded options, each with its own strengths: 

  • R.K. Bangia's Law of Contract for beginners
  • Avtar Singh's Law of Contract & Specific Relief for a contemporary and practical approach
  • Pollock & Mulla on Indian Contract and Specific Relief Acts for intermediate to advanced learners

Top Contract Law Entrance Exams 2025

For admission to a Contract Law degree course, candidates can appear for different national-, state- or college-level entrance exams. Some of the popular Law entrance exams that candidates can consider appearing for include:

Contract Law Exams 2025

Contract Law Exam Schedule 2025

SLS AIAT

SLS AIAT Schedule

CLAT 2025

CLAT 2024 Schedule

LSAT India 2025

LSAT India Schedule

AILET 2025

AILET 2025 Schedule

AIBE 19

AIBE 19 Schedule 

NOTE: This information is sourced from the official website of the institute/exam.

Contract Law Information You Might Be Interested In: 

Top law entrance exams in India - Dates, Application, Exam Modalities

Jun '24

CT SET 2024 Counselling Start

TENTATIVE

Jun '24

CT SET 2024 Result

TENTATIVE

15 Dec ' 24

AIBE 19 admit card Date 2024

22 Dec ' 24

AIBE 19 exam date 2024

9 Dec ' 24 - 10 Dec ' 24

CLAT 2025 Final Answer Key

10 Dec ' 24

CLAT 2025 Result

To Be Notified:

MH CET Law 2025 Application (for 3-year LLB)

To Be Notified:

MH CET Law 2025 Application (for 5-year LLB)

Q:   What are the various entrance exams to pursue Contract Law course?

A:

Below are some of the common law exams:

Entrance Exams

Exam Dates

Exam Schedule

CLAT 2025

1 Dec '24

CLAT 2024 Schedule

LSAT India 2025

January Exam- Jan '25 (Tentative)

May Exam-  May '25 (Tentative)

LSAT India Schedule

AILET 2025

08 Dec '24

AILET 2025 Schedule

AIBE 19

Dec '24 (Tentative)

AIBE 19 Schedule 

NOTE: This information is sourced from the official website of the institute/exam.

Contract Law Subjects & Syllabus

In a Contract Law course, students get to learn common concepts around:

  • How a valid contract is created?
  • What are the different kinds of contracts?
  • What are void and contingent contracts?
  • Which vitiating factors affect contracts?
  • Actions that lead to a breach of contract?

The Law of Contract syllabus in different colleges and universities include subjects such as:

Contract Law Syllabus/Subjects

Definitions of Agreement, Contract

Rationale and Elements of Contracts

Essentials of a Valid Offer & Acceptance

Privity of Contract & its Exceptions

Acceptance: Definition, Communication, Revocation

Exceptions to the Rule that Agreement without Consideration is Void

Minor’s Liability for Necessaries

Coercion

Fraud

Lawful Consideration & Object

Void Agreements

Agreements in Restraint of Marriage

Unlawful Agreements

Contingent Contracts

Discharge by Breach of Contract

Quasi Contract

Agreements in Restraint of Trade

Discharge by Impossibility of Performance

Remedies for Breach of Contract

Legality of Object

Discharge of Contract

Factors Vitiating Consent

Capacity to Contract

Intention to Create Legal Relationship/Obligations

Contract Law Information You Might Be Interested In:

Difference Between Agreement and Contract

Contract Law Courses

Candidates can pursue Contract Law at the undergraduate or postgraduate level by choosing it as their specialisation. Candidates can pursue the course as a degree, diploma or certificate programme. The course is offered in both offline (classroom-based) and online modes. Popular Contract Law courses that candidates can pursue include:

  • Diploma/PG Diploma
  • Certificate

 

 

 

 

Q:   What is taught in a Contract Law course?

A:

In a Contract Law course, students are taught various subjects related to contracts such as:

  • Definitions of Agreement and Contract
  • Essentials of a Valid Offer & Acceptance
  • Contract Acceptance: Definition, Communication, Revocation
  • Fraud
  • Discharge of Contract

Best Contract Law Colleges

There is only one college for Contract Law course as per the record, which is mentioned below in the table:

Government Colleges Course Fees
Government Institute of Forensic Science NA

Q:   What are the popular private colleges to pursue Contract Law courses?

A:

There is only one college that provides a Contract Law course, which is a government college, i.e. Government Institute of Forensic Science

Moreover, there are career paths majorly in business sector where a contract law graduate can go forward. 

Popular Private Contract Law Colleges in India

Contract Law Career Scope and Job Profiles

Law graduates must qualify AIBE exam to practice in a court of law in India. After completing a course in Contract Law, candidates can work in different job profiles such as:

Job Profile Job Description
Average Salary 
Contract Lawyer Draft, review, and negotiate contracts on behalf of clients
INR 50,000 - 1,00,000
Contract Manager Oversees the entire contract lifecycle, from negotiation to execution
INR 60,000 - 1,20,000
Contract Specialist Drafts and reviews contracts, ensuring compliance with legal and regulatory requirements INR 40,000 - 80,000
In-House Counsel Provides legal advice to a company's management and employees
INR 70,000 - 2,00,000
Legal Consultant Provides expert legal advice to companies on contract-related matters
INR 60,000 - 1,50,000
Professor of Contract Law Teaches contract law at universities and law schools
INR 50,000 - 1,00,000
  Note- The above salary has been taken from external sources, and hence may vary.

Contract Law Top Law Recruiters

Salaries earned by law graduates typically vary on the law specialisation they choose along with the company they join. After completing a law course aspirants can work as an understudy with lawyers or even join a corporate company. Know the top law companies in India here.

Law graduates must qualify AIBE exam to practice in a court of law in India.

The top law companies that are known to hire law graduates are listed below:

Top Contract Law Recruiters

Amarchand & Mangaldas & Suresh A Shroff & Co.

S&R Associates

AZB & Partners

Economic Laws Practice

Khaitan & CO

Desai & Diwanji

J Sagar Associates

Trilegal

Read MoreCareer in Law

Q:   Is Contract Law field a good career?

A:

Yes, since contract-related matters require continuous legal representation, a career in Contract Law is sound. According to a recruitment website, the average salary of a Contract Lawyer in India is around INR 59,000 per month. Candidates may take up their job immediately in either litigation or academics after finishing Contract Law. They can also work as Contract Lawyers, Contract Attorneys, or Contract Specialists in the top LPOs.

Therefore, a sound knowledge of contract law is essential for candidates who wish to make a career in the field of Contract Drafting and Negotiations.

Q:   Can I become a Contract lawyer after completing LLB?

A:

Yes, you can become a Contracts lawyer after completing LLB if you had chosen Contract Law as a specialisation during the course. Else, it is advisable to also obtain an LLM degree before applying for the job. Candidates who have specialised in LLM are given preference especially for academic roles since post-graduation is an important criteria for a career in academics. Many legal process outsourcing companies hire LLB or BA LLB graduates for the role of Contract Analysts or Legal Associates who look after the drafting and editing of contracts and agreements.

Contract Law FAQs

Following are some of the FAQs for Contract Law courses:

Q:   What is offer and acceptance in Contract Law?

A:

The offer and acceptance are fundamental and essential prerequisites of formation in the law of contracts. An offer is the act of the offeror to do something to the offered; that is, to another party, known as the offeree, to enter into a legally enforceable agreement. Acceptance is the act whereby the offeree accepts the terms of an offer without any amendment or addition.

Q:   What is the difference between Contract Law and Property Law?

A:

Hi,

Both Contract Law and Property Law concern people and things. However, they differ in the focuses and their purposes:

FeatureContract LawProperty Law
FocusAgreements between parties
Ownership and relationships to things
Key conceptsOffer, acceptance, consideration, capacity, legality, discharge, remedies
Ownership, possession, transfer, easements, liens, mortgages, landlord-tenant relationships
FunctionEnforce agreements and provide remedies for breach
Define ownership rights and regulate relationships to things
ExampleContract to buy a car
Inheriting a house

Popular Contract Law PG Courses

Following are the most popular Contract Law PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

qna

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered 2 months ago

Below are some of the common law exams:

Entrance Exams

Exam Dates

Exam Schedule

CLAT 2025

1 Dec '24

CLAT 2024 Schedule

LSAT India 2025

January Exam- Jan '25 (Tentative)

May Exam-  May '25 (Tentative)

LSAT India Schedule

AILET 2025

08 Dec '24

AILET 2025 Schedule

AIBE 19

Dec '24 (Tentative)

AIBE 19 Schedule 

NOTE: This information is sourced from the official website of the institute/exam.

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

Hi,

Both Contract Law and Property Law concern people and things. However, they differ in the focuses and their purposes:

FeatureContract LawProperty Law
FocusAgreements between parties
Ownership and relationships to things
Key conceptsOffer, acceptance, consideration, capacity, legality, discharge, remedies
Ownership, possession, transfer, easements, liens, mortgages, landlord-tenant relationships
FunctionEnforce agreements and provide remedies for breach
Define ownership rights and regulate relationships to things
ExampleContract to buy a car
Inheriting a house

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

Choosing the best contract law book can be subjective and depends on your level of experience, learning style, and specific interests within contract law.

But still, here are three highly regarded options, each with its own strengths: 

  • R.K. Bangia's Law of Contract for beginners
  • Avtar Singh's Law of Co

...more

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

Yes, you can become a Contracts lawyer after completing LLB if you had chosen Contract Law as a specialisation during the course. Else, it is advisable to also obtain an LLM degree before applying for the job. Candidates who have specialised in LLM are given preference especially for academic roles

...more

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

There is only one college that provides a Contract Law course, which is a government college, i.e. Government Institute of Forensic Science

Moreover, there are career paths majorly in business sector where a contract law graduate can go forward. 

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

In a Contract Law course, students are taught various subjects related to contracts such as:

  • Definitions of Agreement and Contract
  • Essentials of a Valid Offer & Acceptance
  • Contract Acceptance: Definition, Communication, Revocation
  • Fraud
  • Discharge of Contract

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

The offer and acceptance are fundamental and essential prerequisites of formation in the law of contracts. An offer is the act of the offeror to do something to the offered; that is, to another party, known as the offeree, to enter into a legally enforceable agreement. Acceptance is the act whereby

...more

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

Yes, since contract-related matters require continuous legal representation, a career in Contract Law is sound. According to a recruitment website, the average salary of a Contract Lawyer in India is around INR 59,000 per month. Candidates may take up their job immediately in either litigation or ac

...more

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

Contract Law includes various paperwork related to agreements and contracts a company or firm makes with other stakeholders. It is an essential ingredient of finance and accountancy, therefore, it is directly related to Chartered Accountancy. Hence, the course curriculum of both courses includes Com

...more

P

Pragati Singh

Contributor-Level 10

Answered 2 months ago

A Contract Law is a law that relates to making and enforcing agreements between two or more parties. Contract law deals with issues such as the essentials of a valid contract, eligibility to form a contract, void and voidable contracts, voidable agreements, quasi-contracts, etc. In fact, important A

...more

P

Pragati Singh

Contributor-Level 10