Law Firms in Lajpat Nagar, South Delhi: Finding the Right Legal Services
Located in South Delhi, Lajpat Nagar is a busy part of the city and has plenty of businesses, individuals looking for legal guidance, property owners, etc. Therefore, law firms in the area provide services for all types of legal matters including business law, real estate law, intellectual property law, immigration, and even civil litigation. Choosing […]
Software Development Agreement: Key Legal Considerations for Businesses
The technology-oriented business atmosphere of today makes software development indispensable to digital transformation. No matter if the business hires self-employed developers, software development firms, or IT service companies, a Software Development Agreement (SDA) creates legal conditions under which the software is developed, delivered, owned, and used. A properly formulated agreement minimises uncertainty in business and […]
SaaS Agreement Necessary Legal Framework for Software-as-a-Service Companies
The rapid expansion of cloud computing has changed the way enterprises use technology. Rather than purchasing software and implementing it on different computers or servers, many organizations prefer to subscribe to online software services. This method of doing business, called Software-as-a-Service (SaaS), has led to the necessity of creating unambiguous agreements between service providers and […]
International Commercial Arbitration – Enforcement of Foreign Arbitral Awards under the New York Convention
The international framework for resolving commercial dispute across state borders is fundamentally shaped by efficient and, more crucially, enforced settlement of differences arising between parties located in different countries. While national forums provide public platforms for adjudication of disputes, the predominant means by which cross border commercial disputes are resolved is through international arbitration. The […]
AI-Assisted Contract Drafting: Legal Opportunities, Risks, and Best Practices for Businesses in India
A Legal Correspondent The inevitable application of artificial intelligence into business circles has come full circle and permeated at the core of the practice of law-the contracting process itself. India, an economy driven by the sanctity of written contracts anchored under the Indian Contract Act, 1872, further solidified through procedural compliance under the Indian Evidence […]
Shareholders Agreements : Essential Clauses
The Securities and Exchange Board of India works to make the stock market a safe place for investors. There are a lot of risks that investors face and one of which is the misuse of their money by brokers, or the risk of losing money if a broker defaults. The SEBI has introduced a new […]
How Sebi’s Asba Style Blocking Mechanism Is Set To Transform Secondary Market Trading In India
The Securities and Exchange Board of India works to make the stock market a safe place for investors. There are a lot of risks that investors face and one of which is the misuse of their money by brokers, or the risk of losing money if a broker defaults. The SEBI has introduced a new […]
Related Party Transactions: Governance And Compliance Under The Companies Act, 2013
Related party transactions are ordinary business arrangements with an extraordinary capacity for misuse. A company may buy goods from a promoter-controlled entity, lease office space from a director partnership firm, or appoint a relative of a key managerial person to a position caring for financial benefit. None of this is automatically suspect. The expression ‘related […]
Technology Transfer Through FDI In India
Foreign technology collaboration is widely perceived as an effective means to address the technology gap in any developing economy. However, any foreign technology purchase is ruled by the various specific terms of technical collaboration contracts imposed by the technology supplier on the licensee. A number of restrictive and prohibitive intellectual property and other conditions may […]
Force Majeure Clauses In Commercial Contract: Drafting And Enforcement In India
Force majeure is a contractual provision that excuses one or both parties from performing their contractual obligations when an extraordinary event beyond their control prevents or impedes performance. The term comes from French meaning’ Superior force’ And refers to events that are so unusual and unforeseeable that they fall outside the normal risk that contracting […]