Temp 1
Temp 1
in Bangalore, India. Please note that this is a very simplified version of a contract and you
should consult with a legal professional to ensure that all necessary terms and conditions
are included and that it complies with the local laws and regulations.
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This agreement is made and entered into at Bangalore this ________ day of ____________,
20_____.
BETWEEN
AND
AND WHEREAS the Contractor has agreed to undertake the construction work of the said
residential house.
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:
1. **SCOPE OF WORK**
The Contractor shall complete the construction of the house according to the plans and
specifications as provided by the Employer.
2. **CONTRACT PRICE**
The Employer shall pay the Contractor the sum of INR _______ for the performance of the
work, subject to adjustments for changes in the work.
3. **PAYMENT TERMS**
The payment will be made in installments based on the completion of various stages of
work.
4. **TIME OF COMPLETION**
The work under this contract shall be commenced on ________, 20____ and shall be
substantially completed on or before ________, 20____.
The Employer may make changes in the scope of the work. The cost of any such changes will
be adjusted accordingly.
6. **DEFAULT OF CONTRACTOR**
If the Contractor defaults on the performance of the work or if the Contractor fails to carry
out the work, the Employer may terminate this contract.
7. **DISPUTE RESOLUTION**
Any disputes relating to this contract shall be resolved through arbitration, in accordance
with the Arbitration and Conciliation Act, 1996.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and
year first above written.
______________________ ______________________
(Employer's Name) (Contractor's Name)
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This is just a basic template and does not include many specifics that your contract may
need. Always consult with a legal professional when drafting legal documents.