TaxTMI 
TaxTMI 
TaxTMI 
PRINCIPAL TO PRINCIPAL CONTRACT
DR.MARIAPPAN GOVINDARAJAN
Dear Sirs, I want to know the features of PRINCIPAL TO PRINCIPAL CONTRACT and its application. May I kindly be advised in this regard? Regards, M. GOVINDARAJAN
Clarification on Principal-to-Principal Contracts: No Agency Relationship Means Direct Party Dealings Under Indian Contract Act, Section 182 Onward. A participant inquired about the features and application of a principal-to-principal contract under Indian law. The response clarified that if there is no agency relationship between the parties as per the Contract Act, it is considered a principal-to-principal relationship. The respondent advised referring to section 182 onward of the Contract Act for further details. (AI Summary)