11. the form of the agreement and the agreement of the parties are at odds with Law 1. An agreement to discover treasures by magic is valid. 2. An agreement to refer future litigation to arbitration proceedings is perfectly valid. 3. Government-authorized lotteries should not be classified as a bet. 4. Betting agreements do not cover insurance contracts. 5. A contract with which two or more people agree to refer their disputes if one is referred to arbitration proceedings is illegal.
6. Insurance contracts are essentially betting contracts. 7. Speculative transactions, which are betting transactions, are not valid. 8. An agreement that destroys the personal rights of the parties is null and for all. 9. An agreement whose meaning is not certain or whose meaning may be certain is not invalid. 10. Transactions related to betting agreements are not valid. 11.
An illegal contract is lethal for the main contract, but not for security operations. “There was nothing illegal about the treaty; Bets on horse racing could not be classified as illegal because they contaminate a related transaction. This distinction between an agreement that is null and final and an agreement in which the consideration is also illegal is established in the Contract Act. Trade restriction agreements [Article 27] Trade-limiting agreements: “Any agreement excluding a person from the exercise of a legal profession, activity or transaction is therefore non-aeig.” [sec 27]] “Public order requires that each person be free to work for himself and not be free to deprive himself of the fruit of his ability to work or his talent through any contract he enters into.” India`s Constitution guarantees trade freedom. “In this sense” it means that only this part of the agreement, which is restrictive, is null and fore. Chart: Twenty-nine of the thirty chamberlain manufacturers in the city of Patna have agreed with R to provide him with ridges and no one is receptive. Under the agreement, R was free to refuse the goods if he found that there was no market for them. Hero: The agreement imposed a restriction on trade and was therefore non-aeig [Shaikh Kalu v. Ramsaran Bhagat (1909) 13 C.W.N. 388].
b) Negative provisions in service agreements A service agreement by which a person binds for the duration of the contract in order not to assume another is not within the limit of the legal profession and is valid. For example, an accountant employed in a company may be excluded from private practice or the performance of his or her duties during the course of the service. But a service agreement to restrict professional freedom after the termination of service for a certain period of time is null and void.