Contracts Act 1950 · Updated to 1 Jan 2006 · Part III · Of Contracts, Voidable Contracts and Void Agreements
10. What agreements are contracts
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An agreement is a contract if the parties freely consent, are competent to contract, and have a lawful consideration and a lawful object. It must also not be expressly declared void by the Act. Other laws requiring a contract to be in writing or witnessed, or on registering documents, still apply.
Summary · Drafted with AI, checked against the official text on 30 Sep 2026.
All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.
Nothing herein contained shall affect any law by which any contract is required to be made in writing or in the presence of witnesses, or any law relating to the registration of documents.