A Business Partnership Agreement: What Is It? The obligations and responsibilities of two people or entities functioning as business partners are outlined in a business partnership agreement, which is also referred to as a partnership contract or articles of partnership. Partnership agreements must include particular terms and clauses that abide by applicable local, state, and […]
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A licensing agreement is a contractual relationship among two individuals, the licensor and the licensee, in which the licensor allows the license holder to utilize the licensor’s intellectual assets (IP) within certain restrictions. The Indian Contract Act of 1872 governs licensing agreements in India. The article will cover the characteristics of licensing contracts in India,
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A General Power of Attorney (GPA) is a crucial legal instrument that empowers one individual (the attorney-in-fact or agent) to act on behalf of another (the principal or grantor). This document is particularly useful when dealing with inherited property, especially when the inheritor is unable to manage the property personally due to geographical constraints, time
As a Businessman or Profession, if your income is more than the taxable value, you are mandated to file your income tax return as the tax is something you must pay to the government as revenue to execute various infrastructural schemes and development in welfare programs. Anyone having an income of more than rupees 2.5L
How to file your Income-tax returns if you are a Businessman or a Professional Read More »
Who is a consumer? When can you file a consumer complaint? A consumer is any individual who purchases goods or services for personal use or consumption. Under the Consumer Protection Act of 1986, consumers have the right to file a complaint against any manufacturer, trader, or service provider who has provided them with goods or
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When it comes to buying or selling a piece of land or property, one of the most important documents is the Land Ownership Certificate. This certificate indicates the actual title of ownership and is issued by the Revenue Department of the concerned State. In this article, we will discuss the importance of the Land Ownership
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Curious about the Partnership Deed? Here is a comprehensive guide to Partnership Deeds. Click on this to Learn about the key clauses.
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Master franchise agreement essentials. Learn key terms, legal considerations, and best practices for franchise success. Read on!
Basics of Franchise Agreement: Terms and Concepts Read More »
Consumer complaints are an inevitable part of modern-day consumerism. As product and service complexity increases, consumers often face issues such as defective products, subpar services, misleading advertisements, unfair billing practices, and more. Fortunately, consumer protection laws in India provide avenues for consumers to seek redressal through the process of filing consumer complaints. In this article,
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When we talk about liability, the first thing that comes to our mind is the legal obligation to pay damages or compensate for any harm caused to others. However, liability can be of different types, and one of them is vicarious liability. In this article, we will discuss the principle of vicarious liability in tort,
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