Nepal’s contract law: Here are basic provisions explained

The Contract Act, 2000 , used to govern all aspects related to contracts in Nepal until the recent enactment of the Civil Code, 2017 . The new code has made a big change in the law relating to contract, ranging from the drafting of a contract to its execution.

As per section 504 of the Civil Code, if an agreement enforceable by law is concluded between two or more persons to do or not to do any act, such shall be regarded as a contract.