Posts Tagged: agreement

Legal

Franchise Agreement

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.

Legal

All about Assigning Copyrights

Copyright is basically a legal right of the owner who has created something out of his intellect. Earlier, there was no protection for the copyrighted work and there was an easy exploitation of the ‘Intellectual works’. But after some time, need for the protection of such works became important and therefore ‘THE COPYRIGHT ACT OF 1957’ was brought for the protection of artistic, literary work and other forms of intellectual works. The act was brought so as to preserve the cultural works and retain the original rights of the owner.

Legal

Employee Non-Disclosure Non-Compete Agreement

Employee non-disclosure and non-compete agreements are a type of restrictive covenants. These agreements are negative in nature as they restrain the employees’ actions. Employee confidentiality agreements legally restrain the employees from disseminating any confidential information shared with them during the period of employment. A non-compete or a non-competition agreement restrain the employees from participating in the same trade as the employer for a period of time, after the termination of employment. These agreements are entered to protect the business interest of the employer.

Big Shots

What are the Advantages of Partnership Deed?

A partnership deed is an agreement among the partners that lays down the rights and responsibilities of the partners in a business operation to avoid future inconveniences. It has the force of law and is designed to guide the partners in the conduct of their business. A partnership agreement may be written or oral.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Franchise Agreement

All about Assigning Copyrights

Employee Non-Disclosure Non-Compete Agreement

What are the Advantages of Partnership Deed?

Employee Non-Disclosure Non-Compete Agreement

What are the various types of Buyer Broker Agreement?

All about Leave and License Agreements

Importance of Non-Disclosure Agreements

What are Franchise Agreements?

Difference between Rent and Lease Agreements

Employment Agreement Contract

Trademark Licensing and its Essentials

what is Patent Assignment Deed and its Advantages

Arbitration Agreements Explained

What is Trademark Licensing?

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