Ways to Commercialize IPR
Legal

Ways to Commercialize IPR

Intellectual Property (IPR) was introduced in India from year 1957 through The Copyright Act, 1957. From then six amendments have been made on The Copyright Act, 1957. Trademark was introduced in 1999 through Indian trademarks act 1999. Intellectual property is basically a way to register an Idea or a mark etc., so that others cannot copy it and use it for their own benefit. Rather than creating IPR the value of IPR lies in its commercialization. Companies by use of IPR derive benefits to compete with market. Intellectual Property is an asset for a company whether it’s a startup or an old firm and its market value is could be cashed by means of IPR.

Read More about 11 months ago
Liquidation of Company
Legal

Liquidation of Company

Company being artificial person can only be dissolved by striking off the register of companies. This is called liquidation of company.

Read More about 11 months ago
Letter of undertaking
Legal

Letter of undertaking

Letter of Undertaking (hereinafter referred to as LoU) can said to be a sort of guarantee that is issued by a banking entity to the concerned person for attaining short term credit from the overseas branch of an Indian bank. Such LoUs are not issued against retail transactions, but are employed in business or trade transactions.

Read More about 11 months ago
Registration of a Public Limited Company| Explained
Legal

Registration of a Public Limited Company| Explained

A public limited company is an incorporated business and is said to be a separate legal entity from its owners like that of the Private Limited Company. Shareholders are termed to be its owners and they enjoy the benefit of the limited liability. The limited liability is a benefit to each of the shareholder of that company. According to Section 3(1) (IV) of Indian Companies Act 1956 that ‘’a public company is not a private company” also the articles do not restrict the transfers of shares of the company. There is no restriction on the maximum number of the companies. It invites general members and public to purchase the shares and debentures of the company. If one wants to register a public company there are many advantages or benefits related to the registration of a public Company which are -

Read More about 11 months ago
Adverse Effect under Competition Law
Legal

Adverse Effect under Competition Law

In every market, the companies producing similar products or offering similar services compete to gain maximum consumers, profits and market control.

Read More about 11 months ago
Alternative Dispute Resolution
Legal

Alternative Dispute Resolution

We have watched various Bollywood movies where the victim struggled due to the inefficient judicial system and had to fight for the justice for years. Since movies are a reflection of the society it is safe to say that what is being shown might actually be happening in the society. The various possible reasons for that could be corruption, vacant judicial posts, lack of political will, overpopulation or increased crime rates etc. The result of such an inefficient system is that huge number of cases remain pending; there are approximately three crore pending cases in different courts of India, including sixty thousand cases in the Supreme Court. Alternative Dispute Resolution (ADR) could be a possible solution to this grave condition in India. It is the system where cases are resolved outside the judiciary. The ADR plays alternative of the three-tier judicial system.

Read More about 11 months ago
Memorandum of Understanding| Explained
Legal

Memorandum of Understanding| Explained

It is essential that before entering into a contract the parties to the contract reach an understanding on the same level. This requires that the parties agree in the same manner to the same thing. Ironing out all such minor details at the time of entering into a contract is necessary. However, sometimes the parties to the contract may just want to formulate a preliminary agreement that establishes the relationship between them but at the same time gives them some leeway which a formal contract may not. Such a preliminary agreement is called a memorandum of understanding.

Read More about 11 months ago
Civil and Criminal Remedies available in Cheque Bounce Cases
Legal

Civil and Criminal Remedies available in Cheque Bounce Cases

For a lot of day-to- day transactions, a cheque may be used by a person for the payment to the other party. A Cheque is a negotiable instrument. It is a document that orders a bank to pay a specific amount of money from the holder’s account to the person whose name has been mentioned on the cheque. The person who is writing the cheque is known as the drawer. A cheque can be viewed as a type of bill of exchange; it came into use mainly to avoid the need of carrying large amounts of money. A cheque can be issued by and in favor of both natural persons as well as legal entities. 

Read More about a year ago
Anti-Competitive Practices under  Indian Competition Law
Legal

Anti-Competitive Practices under Indian Competition Law

Anti-competitive practices refer to an all-embracing range of business practices in which a firm or group of firms may fit into place in normalize to restrict inter-firm competition to keep up or amplify their family member market place and profits lacking necessarily providing goods and services at a lower cost or of elevated eminence.

Read More about a year ago
Website Privacy Policy
Legal

Website Privacy Policy

Website privacy policy (or data protection policy) is a legal document that states how the startup/website owners gather and intend to use customer information. It is the promise that companies make to their users to use their sensitive information in a more responsible way in order to win their trust. It functions on the principles of transparency, legitimate purpose and proportionality providing users with full assurance and knowledge of what they’re getting into. It sets out the purpose of data collection by the website, to whom and how your personal information provided may be disclosed, reasonable security practices followed to safeguard such information, the scope and limitation of data processing on your website. 

Read More about a year ago
Annual Mandatory Compliance for Private Limited Companies
Legal

Annual Mandatory Compliance for Private Limited Companies

Generally, people opt for private limited companies due to less formality. It is the most popular and well-known form of start-up. However, some of the mandatory compliances which are pre-requisites are needed to be followed every year.

Read More about a year ago
Freelancing
Legal

Freelancing

Freelancing is working on contractual basis for various companies rather than working on a regular salary basis for one employee. They have the freedom to choose their assignments or projects and company they would like to be associated with.

Read More about a year ago
Essentials of Valid Contract
Legal

Essentials of Valid Contract

A contract is the foundation of a civilised world. The law relating to contracts in India is contained in Indian Contract Act, 1872. A Contract is simply an agreement between two or more persons to do something. Each contract creates a binding duty on the contracting parties. The Indian Contract Act deals with the enforcement of these rights and duties upon the parties in India.

Read More about a year ago
Address Proof Affidavit
Legal

Address Proof Affidavit

Affidavit is basically a written statement that is taken on oath and may be used as evidence in a court of law. If you lie on an affidavit, it constitutes an offense under the Indian Penal code. So, if we combine the meaning of the above words, we get the idea of address proof affidavit. It is a document which helps in legally proving a person’s address.

Read More about 1 years ago
Reply to a Trademark Objection
Legal

Reply to a Trademark Objection

After an application for trademark registration is made, it is examined by the trademark examiners. The examiners analyze all the aspect of the trademark application and thus makes sure that the application and the trademark aspired is up to the requirements and within the legal aspects, If the examiner found some issues in the application, they put these objections in the form of trademark examination report, which is uploaded in the official website of the trademark office.

Read More about 1 years ago
Reply to a Copyright Objection
Legal

Reply to a Copyright Objection

Copyright is a right that is given to the inventor of the literary, dramatic, musical and artistic work, etc. To be registered, it is not essential that the copyrighted work should be published. An unpublished work can also be subject to registration as copyright.

Read More about 1 years ago
Copyright Objection
Legal

Copyright Objection

Copyright is a bundle of rights, including the right to reproduction, adaptation, and translation of the work that is vested by the law upon the creators of literary, dramatic, musical and artistic works and the producers of the cinematographic films and sound recordings.

Read More about 1 years ago
Sale of Patent Rights
Legal

Sale of Patent Rights

The Duhaime’s law dictionary defines a Patent as an exclusive privilege granted to an inventor to make, use or sell an invention for a set number of years.

Read More about 1 years ago