By Prakhar Rai, Founder, My Legal Pal. Advocate, Bar Council of India. LL.B, NLSIU Bangalore. Master of Business Laws. Quick answer: A personal guarantee is your own signed promise to pay your company’s debt, or to perform its obligations, if the company can’t. The creditor can then go after your personal assets. It is a […]
Author Archives: Prakhar Rai
Written by: Prakhar Rai, Advocate | Founder, My Legal Pal | Enrolled with the Bar Council of India | NLSIU Bangalore alumnus Last reviewed: 21 October 2026 The cheque bounces and you’re angry. Fair enough. So the notice you draft asks for the cheque amount, interest from the due date, something for the delay, the […]
Written by: Prakhar Rai, Advocate | Founder, My Legal Pal | Enrolled with the Bar Council of India | NLSIU Bangalore alumnus | Contracts and technology lawyer in India Last reviewed: 18 October 2026, against the Copyright Act, 1957 (text as published by the Copyright Office, Government of India) The short answer If your software […]
Written by: Prakhar Rai, Advocate | Enrolled with the Bar Council of India | NLSIU Bangalore alumnus | Contracts and data protection lawyer in India Last reviewed: 16 October 2026, against the Digital Personal Data Protection Act, 2023, the DPDP Rules, 2025 and the CERT-In Directions of 28 April 2022 The short answer Yes, they […]
Written by: Prakhar Rai, Advocate | Founder, My Legal Pal | Enrolled with the Bar Council of India | NLSIU Bangalore alumnus | Contracts and technology lawyer Last reviewed: 15 October 2026 Quick answer An arbitration clause in your terms of service says users must bring disputes to a private arbitrator instead of a court. […]
Written by: Prakhar Rai, Advocate | Founder, My Legal Pal | Enrolled with the Bar Council of India | NLSIU Bangalore alumnus | Contracts and corporate lawyer Last reviewed: 15 October 2026 Quick answer A letter of intent (LOI), a memorandum of understanding (MOU) and a term sheet are all documents you sign before the […]
Written by: Prakhar Rai, Advocate | Founder, My Legal Pal | Enrolled with the Bar Council of India | Contracts and IP lawyer Last reviewed: 12 October 2026 Quick answer A joint development agreement (JDA) is a contract between two or more parties who build a product, technology or piece of intellectual property together without […]
Written by: Prakhar Rai, Advocate | Founder, My Legal Pal | Enrolled with the Bar Council of India | Contracts and data protection lawyer in India Last reviewed: 6 October 2026, against the Digital Personal Data Protection Act, 2023 and the DPDP Rules, 2025 Quick answer If your business handles personal data in India, a […]
Written by: Prakhar Rai, Advocate | Founder, My Legal Pal | Enrolled with the Bar Council of India Quick answer If you sell anything online to Indian consumers, the Consumer Protection (E-Commerce) Rules, 2020 apply to you, whether you run a marketplace, sell your own inventory directly, or sell through someone else’s platform. The rules […]
Written by: María Laura Cristín, Argentine Attorney | Admitted, Santa Fe Bar Association, since 2015 | Advises on trademark registration, intellectual property, and commercial disputes in Argentina Quick answer Registering your trademark with INPI gives you the right to stop someone else from using it, but registration alone does not stop a copycat. If another […]