Posts Tagged: contract

Legal

Consultancy Agreement

A consultant is someone who has immense knowledge about any particular field say for example software development or human resource and could be hired by the company to solve their problems on a contractual basis. They are not included in the purview of employee and hardly provided any employee benefits. They basically work as an independent contractor so no principal and agent relationship could be established. They provide advice or other services as demanded by a company for a particular project within the said period of time.

Legal

Sale of Business Agreement

In this capitalist world, constant economic transactions are taking place. One of these important transactions is selling your business. While the sale of your business sounds like a simple enough deal, there is a lot of basics which has to be hammered out in this comprehensive document.

Legal

Freelance Agreement: Important Clauses

A freelance agreement is an agreement in which people are free to work at their own liberty for their clients. According to the dictionary meaning of freelance, it is serving one or more companies at a time on contract basis as opposed to working for a single company. The person who offers services to other people/companies is a freelancer. They do not work for one person but serve more than one person at a time on their own terms and conditions. Generally, they have expertise in a certain field/matter. E.g. if you visit a studio the person who clicks your photo is a freelancer. He is not your employee though he served you as he has expertise in photography, he served you on his own terms and conditions and he is not obliged to work for you. You are his client. There is a freelance agreement between you and the photographer for a photo.

Legal

Work Space Sharing Agreement

A work space sharing agreement is a binding contract for the usage of work space on a sharing basis between two parties. Through this the two parties that is the owner and the tenant of the space can share the working space by paying an amount of fees in exchange for subletting the co-working space.

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

Joint Venture Agreement

A Joint Venture is defined as any arrangement whereby two or more parties co-operate in order to run a business or to achieve a commercial objective. In other words, Joint Venture is a business agreement between two or more companies whereby the business resources of the partners are mutually shared and put to use.

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Essentials of Partnership Deed

Partnership refers to an agreement between two or more persons. To form a partnership firm there is a need for an agreement between the partners. Therefore, a partnership deed is a written agreement specifying certain rules and regulations among the partners. It requires signature by all the partners with an aim to prevent further possibilities of disputes or disagreement arising among the partners.

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.

Legal

Basics of Assigning Copyright

Copyright is an intellectual property, which is meant the creative people around the world. It is not a tangible right but is a proprietary right and can be disposed-off in a similar manner. With the copyright registration, nobody is entitled to use a person’s creation without the prior permission of the creator. Thus, the law provides a right to the owner of the copyright to transfer the ownership of the copyright to a third party for the optimum utilization of the same, for the benefit of the common mass. For the transfer of the same there is a deed agreement known as copyright assignment deed.

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

All about Author Publisher Agreement

The Author Publisher Agreement is an agreement legally enforced between two parties, the first party being the Author/Writer- he is the one who has written the work. The second party being the publisher who is keen to publish the author’s work. This agreement contains all the key points that an agreement should have like all the rights, obligations and financial aspects.

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

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.

Consultancy Agreement

Sale of Business Agreement

Freelance Agreement: Important Clauses

Work Space Sharing Agreement

Franchise Agreement

Joint Venture Agreement

Essentials of Partnership Deed

Employee Non-Disclosure Non-Compete Agreement

Basics of Assigning Copyright

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

All about Author Publisher Agreement

What are Franchise Agreements?

Difference between Rent and Lease Agreements

Employment Agreement Contract

what is Patent Assignment Deed and its Advantages

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