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 […]
Author Archives: Prakhar Rai
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 […]
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Written by Deepashree Agnihotri, Corporate Lawyer. Reviewed by Prakhar Rai, Advocate (Bar Council of India). Last updated: September 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 […]
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Written by Prakhar Rai, Advocate. Last reviewed: 17 October 2026. Quick answer: A legal notice is a formal written demand one party sends another before going to court. It states the grievance, says what you want, and sets a deadline. It is not compulsory for most private disputes, but the law makes it a precondition […]
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TL;DR: In Argentina you must file a sworn mid-term declaration of use (declaración jurada de uso) between the fifth and sixth anniversary of your trademark registration. Miss it and the law presumes your mark is not in use, which opens it to cancellation by third parties and blocks your renewal until you file it and […]
TL;DR: A supercap or supermajority clause is a second, higher liability ceiling that sits above your general cap but below unlimited liability, and it applies only to named high-risk categories such as data breaches, confidentiality, and IP indemnities. It is usually set as a multiple of fees (2x or 3x is common) or a fixed […]
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TL;DR: A surprising number of trademark objections in India come from one avoidable mistake: a vague, non-standard, or free-typed goods and services description. If you write “software” or “all goods in class 25” instead of using clear, standardised terminology, the examiner can object that your specification is too vague to classify. The fix is to […]
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TL;DR: A well-known trademark in India is one so widely recognised that it is protected across all classes of goods and services, not just the one it is registered in. That cross-class protection is the real prize: it stops others using your name even on completely unrelated products. You can apply for the status directly […]