Advances in Consumer Research
Issue 4 : 1626-1632
Original Article
Conceptual Framework of Economic Coercion under Commercial Law
1
Assistant Professor, Xavier Law School, XIM University.
Abstract

In Commercial Agreement, the fundamental principle is that competent parties must make agreements without any compulsion or hindrance. If one party places unreasonable pressure on another, the integrity of contractual (Free consent) is compromised. Commercial organizations frequently experience economic pressure due to the power disparity between large corporations and smaller businesses. Economic pressure is still a major concern in modern business. When there is market hegemony, supply chain dependencies, and financial pressures leading to power imbalances, large corporations may apply economic pressure to impose unfavorable conditions on suppliers, employees, or competitors. Governments and regulatory bodies have implemented laws and policies to prevent abusive contractual practices in response. The Doctrine of Economic Duress is not specifically mentioned in the Indian Contract Act, of 1872, however, its ingredients come under the purview of Section 15 (coercion) and Section 16 (undue influence) of the Indian Contract Act, 1872. In this article the researcher want to analysis further shall delve into explore the evolution and effect of “economic coercion” in Commercial Law and the Indian judiciary’s role in protecting the interests of the aggrieved party by upholding their legal rights

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