A "contingent contract is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.
Illustration
A contracts to pay B Rs. 10,000 if Bs house is burnt. This is a contingent contract.
Illustration
A contracts to pay B Rs. 10,000 if Bs house is burnt. This is a contingent contract.
India Code, Government of India. Text fetched 09 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.