Author Archives: Prakhar Rai

Legal Agreements

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

Posted on by Prakhar Rai
Service Level Agreement
02
Oct

In today’s digital age, businesses increasingly rely on external services to power their operations. Whether it’s cloud computing, IT support, telecommunications, or any other outsourced services, companies need to ensure that these services perform reliably. Enter the Service Level Agreement (SLA) — a pivotal component in defining the expectations, responsibilities, and standards between service providers […]

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Legal Agreements

What is an Agreement ?

Posted on by Prakhar Rai
agreement
07
Aug

An agreement is a promise or arrangement between two or more parties to do, or omit to do, something. It’s usually informal and maybe written or oral. Agreement is considered to be made when two or more persons having common intention make an offer while the others provide  acceptance to such offer. An agreement can […]

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Limited Liability Company (LLC)

LIMITED LIABILITY COMPANY (LLC) FORMATION PROCEDURE -TEXAS

Posted on by Prakhar Rai

STEP 1: Search for the availability of your business name on https://mycpa.cpa.state.tx.us/coa/ The name must be unique and include an indicator such as “Limited Liability Company” or “LLC.” STEP 2:  appoint a Texas registered agent—an individual or business authorized to accept legal and state mail on behalf of your LLC. Texas requires all LLCs to […]

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Legal Agreements

What is a Disclaimer ?

Posted on by Prakhar Rai
07
Jul

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 […]

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Legal Agreements

CONSULTANCY AGREEMENT

Posted on by Prakhar Rai
Solicitor Near Me
06
Jul

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 […]

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Legal Agreements

Collaboration Agreement

Posted on by Prakhar Rai
06
Jul

What is a Collaboration Agreement? A Collaboration Agreement is an agreement between two or more individuals who collaborate or work together to develop a particular project. This Agreement lays down a detailed description about the relationship of the collaborators, their roles and obligations in regard to the development of the project, ownership of the Intellectual […]

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Legal Agreements

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

Posted on by Prakhar Rai
06
Jul

In today’s fast-paced business world, companies often rely on third parties, known as agents, to act on their behalf. This is where an Agency Agreement becomes critical. Whether you’re hiring a sales representative, a distributor, or a marketing agent, having a clear Agency Agreement helps ensure that both parties understand their rights, responsibilities, and expectations. […]

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Legal Agreements

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

Posted on by Prakhar Rai
12
May

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 […]

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Legal Agreements

What are Terms and Conditions ?

Posted on by Prakhar Rai
terms and conditions
09
May

When surfing the internet and hovering over various websites and applications you must have come across the terms and conditions sometimes indicated as “Terms of Service” (ToS), “Terms of Use”, EULA (“End-User License Agreement”), “General Conditions” etc. It is a legal document or an agreement which creates a relationship between the service provider or the […]

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Legal Agreements

Understanding the Importance of an Operating Agreement for Your LLC

Posted on by Prakhar Rai
What is an Operating Agreement ?
09
Apr

When forming a Limited Liability Company (LLC), one of the essential documents to have in place is an Operating Agreement. Many business owners often overlook this, especially in states where it is not a legal requirement, but having a well-drafted Operating Agreement is crucial to the smooth functioning of your LLC. In this blog, we’ll […]

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