Employee Non-Disclosure Non-Compete Agreement
Legal

Employee Non-Disclosure Non-Compete Agreement

Usually, an employee while performing his duties with the company comes across trade secrets and confidential information. To prevent the passing off of such confidential information and trade secrets, an agreement is entered by an employer with his employee commonly known as Non-Disclosure Agreement (NDA) or Confidentiality Agreement. It is a legal contract between employer and employee by which employee agrees not to disclose information outlined by the agreement.

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What are the various types of Buyer Broker Agreement?
Legal

What are the various types of Buyer Broker Agreement?

Time is a valuable asset for everyone nowadays, if one wants to buy or sell anything he owns, doesn’t goes in the market as door to door for his advertisement or purchase, or stand in a long queue for his turn, he rather hires a broker or an agent who is knowledgeable, has skillset and links in the field to fulfill his requirement. There are various types of agreement between Purchaser and broker, here we will talk about the agreement related to property. This agreement is between the Purchase, broker and the agent. Further there are three bifurcations in the agreement types.

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All about Leave and License Agreements
Legal

All about Leave and License Agreements

A license is a personal right of a person which is granted to do something upon immovable property of the grantor (an individual who conveys or transfers ownership of property) and does not amount to the creation of interest in that property. It is a permissive right and is personal to the guarantee (an individual to whom a transfer or conveyance of property is made). This agreement does not create any duty and obligation upon the persons making such grant and is, therefore revocable except in certain circumstances expressly provided in the Indian Easement Act, 1882.

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Importance of Non-Disclosure Agreements
Legal

Importance of Non-Disclosure Agreements

A non-disclosure agreement is an agreement under which a person (i.e. disclosing party) agrees to share confidential or secret information with the other person (i.e. receiving party) and the receiving party is under legal obligation not to disclose such secret information to any third party for certain specified period or without legal permission of the disclosing party subject to certain restrictions or otherwise as mentioned in the agreement.

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What are Franchise Agreements?
Legal

What are Franchise Agreements?

A franchise agreement is one through which a Franchisor, the owner of a business model, provides his business model and his brand name to a Franchisee for use. The terms and conditions of the usage of the franchisor’s business model and his brand name by the franchisee are clearly and precisely laid down in a franchise agreement so as to avoid any and all ambiguity that may arise. A franchise agreement ensures that both the franchisor and the franchisee are aware of all the conditions of the contract and agree to the same.

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Difference between Rent and Lease Agreements
Legal

Difference between Rent and Lease Agreements

The terms ‘rent’ and ‘lease’ are used to describe a contract entered into between two parties, the person who owns the land (lessor/ landlord) and the person who wishes to occupy the land (lessee/ tenant). Usually both these terms are used interchangeably, however they are not the same.

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Employment Agreement Contract
Legal

Employment Agreement Contract

In simple words an employment contract is an agreement between the employer and the employee which describes the rights and responsibilities of the employer as well as the employee. It can be oral or written, express or implied. It helps to protect the interest of both the employer as well as the employee in case there is a dispute.

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Trademark Licensing and its Essentials
Legal

Trademark Licensing and its Essentials

Trademark licensing is when a person who is the owner of the Trademark authorizes a third party to use his mark in the course of trade with regards to royalty over the sale of products or services that are licensed under the trademark. In other words, when the owner of the trademark allows the usage of the mark by others without transferring the ownership, it is trademark licensing.

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what is Patent Assignment Deed and its Advantages
Legal

what is Patent Assignment Deed and its Advantages

It’s an agreement between Assignor and Assignee which explains the rights and conditions related to patent assigned property which means intellectual property of Assignor who is holding monopoly power towards that property. Under Indian law, its mandatory to register Patent Assignment Deed under Section 68 of the Patents Act, 1970 which giving Assignee absolute rights from date of execution of deed.

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Arbitration Agreements Explained
Legal

Arbitration Agreements Explained

An Arbitration Agreement is a contract by which the parties agree to resolve disputes without filing a suit or case in court.

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What is Trademark Licensing?
Legal

What is Trademark Licensing?

A trademark is a word, name, symbol which is associated with some goods and services. The purpose of providing symbol of trademark is to distinguish the product of one industry from another. A trademark not only gives the owner exclusive right to use mark but allows the owner to prevent the other to use the similar mark which may lead to a confusion among the general public. A trademark in India is governed by Trademark Act, 1999 and Trademark Rules, 2017.

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