Author Archives: Prakhar Rai

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 […]

Understanding the Importance of an Operating Agreement for Your LLC

What is an Operating Agreement ?

Operating Agreements are no longer just static legal documents. In 2026, they’re evolving alongside how businesses actually operate. Most LLCs now function remotely, with founders and members spread across different countries. This makes it critical for Operating Agreements to clearly define communication protocols, digital approvals, and decision-making processes. Another major shift comes from increased compliance […]