To carry on the particular
trade or business, permission is required to be obtained by applying for trade
license. Trade license gives permission for only those trade related activates
for which it has been obtained and not other than that. Before starting
manufacturing activities by an establishment it is required to obtain
fundamental license from the license department.
Trade license is applied...
What are the term and condition of legal notice
Ubi Jus Ibi Remedium is Latin for “For every wrong, the law provides a remedy”.
If a right is provided
by the law, then you may approach the court if it is infringed or invaded. The
court shall meet the ends of justice and provide relief in the most appropriate
manner.
In day to day
transactions, we come across situations where we feel our legal rights have
been infringed. Such situations may...
Memorandum of Understanding
Memorandum of Understanding (MoU) is an
agreement between two or more parties laying down the terms and conditions of
the transaction, also mentioning the rights and obligations of the parties. It
forms a part of the initial discussions of the party with respect to the
transaction. It constitutes the major features of the oral discussions and
negotiations between the parties. It may also include...
Master Service Agreement
If you are planning to operate any business/
project or provide services in future it is preferable to execute Master
Service Agreement (MSA) which is created between two or more parties where both
parties agree to most of the terms that govern the future transactions. It
stands as strong foundation for a business to be conducted in the future.
There are various sectors/ areas under
which this...
What is the necessity of service level Agreement
A service level
agreement is a formal agreement executed between two parties. This agreement
will clarify the services which shall be provided by the service provider. SLA
is mainly a contract between a service provider and other party (its customer)
which describes the services and performance standards.
Service
Level Agreement Components
Service
Level Agreements (SLAs) will consist the following...
Why execution of Shareholders Agreements crucial for Company
Execution of
shareholders agreement fills the gaps in the clauses not covered under the
company’s constitution, through which corporate assign personal rights to Shareholders
Execution of
shareholders agreement is always a good idea to prevent and resolve problems between
shareholders and the company. In a properly-executed shareholder agreement it
is clarified as to what extent they can enjoy...
Investment Term Sheet
The first and most important step before making investment
into the company is to decide: What terms should be covered in my Term Sheet?
There
is always a dilemma in the preparation of the term sheet as to whether to draft
a negotiated, detailed, précised term sheet, or to draft a term sheet where
significant terms will be negotiated at the time of due diligence.
What is term sheet?
A term sheet...
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