With increasing globalization, focus has been on international transactions including state and public international law which govern these transactions. However, it is important that the legislations and statutes governing private transactions are not sidelined. Interpretation of these laws must be profound to give us an understanding regarding the provision so that it is practiced effectively. The commercial relations between the individuals must be well established and for this one needs research and synthesis of the complex ideas held by the law. Since the law cannot be understood by every layman, it is necessary that it is reviewed and provided in a simpler format for all to understand. This is what the project aims to do. It is desired in every commercial practice that the application of laws promotes uniformity, observance under good faith and fair dealing. Due to the ensuing ambiguity in a contract, one has to rely on the interpretation by the courts for the validity of terms in a contract. Hence, we survey through various jurisdictions to contemplate their provision regarding conditional contracts.
Ambiguity, Jurisdiction, Conditional Contracts, Contemplate, Interpretation
