Author Archives: Prakhar Rai

What is a Privacy Policy ?

Privacy Policy is a legal document that is published on the website or application and it incorporates clauses in regard to collection of personal Information of user, how that information shall be used and protected by the website and in what circumstances will the website not be liable for the disclosure of personal information of […]

What is a Service Level Agreement (SLA)? Understanding the Backbone of Service Contracts

Service Level Agreement

  A Service Level Agreement (SLA) is a formal contract between a service provider and a client that defines the expected level of service,  including availability, performance benchmarks, response times, and remedies for non-compliance. SLAs are used across IT, cloud computing, telecommunications, healthcare, finance, and virtually every service-based industry worldwide.   What Is a Service […]

What is an Agreement ?

what is an agreement ?

An agreement is a mutual understanding between two or more parties where they decide to do something or refrain from doing something. It may be written, oral, or even implied through conduct. However, not every agreement carries legal weight. In legal terms, an agreement is formed when one party makes an offer and the other […]

LIMITED LIABILITY COMPANY (LLC) Formation Procedure

business structure

Starting a business is exciting, but choosing the right legal structure is what decides how safe, flexible, and scalable your business will be in the long run. One of the most popular and practical business structures worldwide is a Limited Liability Company (LLC). If you’re planning to start a business in the US or operate […]

What is a Disclaimer ?

Disclaimer is a legal document that is published on the website and it provides information about the warranties that the website offers to the users, the limitation on liability of the website and a clause stating that under which circumstances shall the website disclaim all warranties given by it to its users. When is a […]

CONSULTANCY AGREEMENT

Solicitor Near Me

What is a Consultancy Agreement? A Consultancy Agreement is an agreement between two individuals or Companies wherein one party acts as a Consultant and the other as the Client. This Agreement basically lays down the details in regard to the services that shall be provided by the Consultant, term or duration for which such services […]

Collaboration Agreement | What It Is and Why You Need One Before You Start Working Together

what is a collaboration agreement

Collaboration Agreement:  Two businesses get excited about working together. There is a shared vision, a clear opportunity, and a lot of goodwill. They start the work, split tasks informally, and agree to “sort out the paperwork later.” Later usually arrives as a disagreement. Who owns the thing you built together? Who gets what share of […]

Understanding an Agency Agreement: Key Clauses, Importance, and a Sample Template

TL;DR: An agency agreement is a contract between a principal and an agent, setting out the agent’s authority to act on the principal’s behalf and the duties, compensation, and limits that come with it. Without one, the law still treats the agent’s authorised acts as binding on the principal, which is exactly why getting the […]

Understanding the Shareholder’s Agreement: A Vital Document for Businesses

A Shareholder’s Agreement (SHA) is an essential legal document that governs the relationship between a company’s shareholders. It outlines their rights, responsibilities, and the way the company should be managed. This agreement not only protects the interests of the shareholders but also ensures smooth business operations. In this blog, we will explore the key aspects […]

What are Terms and Conditions ? Guide for Businesses

terms and conditions explained

Terms and conditions are the legal agreement between a business and the people who use its website, app, or service. They set out the rules a user has to follow, what the business is and is not responsible for, and what happens when someone breaks those rules. You will also see them called Terms of […]