At a Glance Most business disputes do not begin because one party intended to act dishonestly. They usually begin because the contract failed to clearly define expectations, ownership, liability, timelines, payment obligations, or exit rights. A poorly drafted agreement can create uncertainty that becomes expensive once money, intellectual property, investors, or commercial relationships are involved. […]
Category Archives: Contract
23
Jun
Jun
Reviewed by Prakhar Rai, Advocate (Bar Council of India) Introduction Contracts are the backbone of commercial life, from a one-page service agreement to a complex cross-border deal. Each party enters expecting the other to perform. Repudiation is what happens when that expectation collapses — when one party signals, by words or conduct, that it will […]
29
Jan
Jan
Most people sign a contract thinking carefully about what happens while the relationship is working. Far fewer think about how it ends. That is a mistake, because how a contract is terminated, and whether it is terminated correctly, often matters more than anything that happened during the relationship itself. Terminate a contract the right way […]
26
Jan
Jan
A contract template looks like a gift. It is free or cheap, it is available instantly, and it looks comprehensive. The same is now true of AI-generated contracts, which can produce a polished, professional-looking agreement in seconds. For a business owner watching costs and moving fast, it feels like an obvious choice. The problem is […]
26
Jan
Jan
Ask most founders when they last thought carefully about a contract, and the honest answer is usually “when something went wrong.” A client refused to pay. A co-founder left and claimed a chunk of the company. A freelancer turned out to own the code they were paid to write. In each case, the contract, or […]
02
Oct
Oct
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 […]
07
Aug
Aug
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 […]
06
Jul
Jul
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 […]
12
May
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 […]
09
May
May
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 […]