TL;DR: Legal retainers in India typically start around Rs 10,000 a month for early-stage startups and scale up to Rs 50,000 a month or more for established companies with ongoing fundraising, compliance, and dispute needs. What actually determines the price is not a flat rate but a combination of document volume, response time, and how […]
Author Archives: Prakhar Rai
22
Aug
Aug
TL;DR: In most of the world, a verbal agreement can be just as legally binding as a written one, provided it has the basic ingredients of a contract, offer, acceptance, consideration, and an intention to be legally bound. The real risk with a verbal agreement was never enforceability in principle. It is proof in practice, […]
22
Aug
Aug
TL;DR: Being accused of breach of contract is not the same as having actually breached one. A genuine defense may fully apply, the accusation may be a pressure tactic, or the real issue may be a dispute the other party is dressing up as breach. What you do in the first few days after the […]
17
Aug
Aug
TL;DR: Argentina is a civil-law country, and its private law runs through one unified code, the Código Civil y Comercial de la Nación (CCCN), not a patchwork of common-law precedent. A contract that would hold up perfectly well in New York or London can still fail under Argentine law if it ignores form requirements, currency […]
TL;DR: A breach doesn’t wait for you to figure out who to call. If your business handles sensitive data across multiple countries, a single incident can trigger CERT-In’s 6-hour window, GDPR’s 72-hour window, and separate obligations under the US, Australia, and India’s DPDP Act simultaneously, on independent clocks that don’t wait for each other. Most […]
07
Aug
Aug
TL;DR: A loan agreement is a contract that sets out the terms on which one party lends money to another: the amount, the interest, the repayment schedule, the security, and what happens on default. For borrowers, the agreement is not just paperwork, it defines exactly what you owe, when, and what the lender can do […]
TL;DR: An ESOP (Employee Stock Option Plan) gives employees the right to buy shares in their company at a fixed price after a vesting period, letting them share in the company’s growth. In India, ESOPs are governed by Section 62(1)(b) of the Companies Act, 2013 and require a special resolution of shareholders, not just a […]
TL;DR: When an autonomous AI agent causes harm, no jurisdiction lets the AI itself be liable, because it is not a legal person. Responsibility falls on the humans and companies around it: usually the deployer (the business that put the agent to work), and sometimes the developer or vendor, depending on what went wrong and […]
TL;DR: Yes. A contract in India is legally valid even if it is not on stamp paper. Stamping is a tax requirement, not a condition of validity. A contract’s validity depends on the Indian Contract Act, 1872, offer, acceptance, consideration, free consent, competent parties, and a lawful object, none of which mention stamp paper. What […]
29
Jul
Jul
Authored and reviewed by Prakhar Rai, Advocate (Bar Council of India). Last updated: July 2026. TL;DR: To send a legal notice for non-payment in India, put your demand in writing on the correct legal basis (usually the Indian Contract Act, 1872), state the exact amount owed, the facts, and a deadline to pay (commonly 15 […]