TL;DR: Every contract is an agreement, but not every agreement is a contract. An agreement is simply two or more people saying yes to the same thing. It becomes a contract only when it is legally enforceable, which generally requires an offer, acceptance, something of value exchanged, capable parties, a lawful purpose, and a genuine […]
Tag Archives: Agreement
16
Sep
Sep
TL;DR: A non-disclosure agreement (NDA) is a legally binding contract that obligates one or more parties to keep specified information secret. It is the standard first document signed before sharing anything sensitive, business plans, source code, financials, customer data, trade secrets, or strategic roadmaps. There are three main structures: unilateral (one party discloses), mutual (both […]
13
Sep
Sep
TL;DR: A prenuptial agreement is a contract signed before marriage that sets out how assets, debts, and spousal support will be handled if the marriage ends. It is fully enforceable in countries like the US, UK, Australia, and most of Europe when properly drafted, but its legal status is genuinely uncertain in India, where it […]
06
Sep
Sep
TL;DR: A software licensing agreement gives someone permission to use software without transferring ownership of it. The owner keeps the copyright; the licensee gets defined rights to use it, within limits. The biggest and most expensive confusion is between three different things that get treated as interchangeable: a software licence (permission to use), SaaS (access […]
25
Jul
Jul
TL;DR: A lease agreement is a legal contract that lets a tenant use a property for a fixed period in exchange for rent. The core idea is the same worldwide, but the rules that decide whether your lease actually protects you differ sharply by country: registration in India, deposit protection in the UK, state-by-state rules […]
26
Jan
Jan
TL;DR: An investor agreement is a legal document that records the terms on which an investor puts money into a company: how much, at what valuation or conversion terms, what rights the investor gets, and what protections apply to both sides. In India in 2026 it most commonly takes one of four forms: a SAFE […]
02
Oct
Oct
TL;DR: A Service Level Agreement (SLA) is a legally binding agreement that defines the level of service a provider commits to delivering, including measurable performance standards such as uptime, response times, resolution times, reporting obligations, and remedies if those standards are not met. A well-drafted SLA helps manage expectations, reduce disputes, improve accountability, and protect […]
TL;DR: A consultancy agreement is a legally binding contract between a client and an independent consultant that defines the scope of work, payment terms, intellectual property ownership, confidentiality obligations, and the all-important separation from an employment relationship. In India, it is governed primarily by the Indian Contract Act, 1872. A poorly drafted consultancy agreement can […]
06
Jul
Jul
TL;DR: A Collaboration Agreement is a legally binding contract that enables two or more independent businesses or individuals to work together on a specific project without creating a partnership or a new legal entity. It clearly defines each party’s contributions, responsibilities, ownership of intellectual property, revenue sharing, confidentiality, liability, dispute resolution, and exit procedures, helping […]
06
Jul
Jul
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 […]