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<h1>Contract law scope: establishes the Act's territorial application and preserves pre-existing statutes, usages, and contractual incidents.</h1> The Indian Contract Act, 1872 establishes the statute as the primary legal framework for contracts, sets out its territorial extent and commencement subject to later legislative modifications, and preserves existing statutes, regulations, usages of trade, and contractual incidents unless expressly repealed or inconsistent with the Act.