Legal Advice

  Relinquishment deeds: what are they? Relinquishment deeds can be used to give up ownership of Hindu joint properties by co-owners who wish to relinquish their rights. Upon relinquishment, the co-owners legally transfer their share of the property to the new owner through the creation and registration of a relinquishment deed. Use of renouncing deeds Relinquishment deeds are generally created when a property owner dies intestate, i.e. without a will, and the legal heirs decide to give up ownership rights to another owner. As an example, let's look at: After the death of their father who did not leave a will, three sons inherit a large estate in their hometown. It is difficult for two of the three sons to manage the estate in their hometown since they work in different cities. The third brother, who lives close to the ancestral property, might decide to take over their rights in this situation. In the case where the brothers opt not to bother with consideration, let's say they...

  Most of our clients are public-owned companies. Securities issued by public companies are listed on the stock exchange (stocks), including their stock (equity) and debt (debt). The likes of McDonald's, Apple, and Coca-Cola affect millions of consumers' lives every day. Publishing a company's materials comes with many responsibilities, but there are also many benefits. Conversion from a private company to a public company . A public company has the following five advantages over a private one: 1. Taking on debt can be a way for corporations to raise capital for expansion (equity). A public company has raised hundreds of millions of dollars or even billions of dollars through capital fundraising rounds in recent years. Private companies, on the other hand, are heavily reliant on private financing, which limits their ability to raise capital and achieve growth. 2. A company's finances are more transparent when it is public. In general, public companies are required to fi...

VC funding applications often require you to prove your worth. How should you respond to a VC term sheet? Managing the process effectively requires legal knowledge on the part of founders. Term sheets outline investment terms and conditions It is usually the lead investor who writes the term sheet for institutional venture capital. Except for confidentiality and exclusivity rights, angel investment terms are usually non-binding. Due diligence or expenses should not be paid upfront by founders. There are no credible venture capitalists doing this in the U.S. and Canada. Key provisions of the term sheet VC term sheets should include the following provisions: Investment structure Institutional venture capitalists prefer convertible preferred shares for investment. A formula determines how liquidation preference shares are converted into common shares with residual value. The per share investment price is determined by an enterprise valuation in the term sheet. Term definitions in economi...

When you apply for venture capital (VC) funding, you may have worked long hours and expended a great deal of energy proving your worth. If you eventually receive a VC term sheet , what are your next steps? In order to effectively manage the process, founders should have a basic understanding of the legal aspects. Proposed terms and conditions for an investment are outlined in a term sheet There is typically a lot of detail in the institutional venture capital term sheet, and the lead investor (called a "lead") mostly writes it. With the exception of certain confidentiality and exclusivity rights, most of the terms of angel investments are non-binding. Due diligence or expense fees should not be paid upfront by founders. Credible venture capital investors do not do this in Canada or the United States. Term sheet key provisions VC term sheets should include the following key provisions: Investment structure It is the investment structure of choice for institutional venture capi...

  There are certain key elements that should be included in every consulting contract. It is imperative for consultants to have contracts with their clients for their relationships to be successful. It is important to provide clients with these legally binding documents that outline the scope of work you will perform, the expected duration of the project, your compensation expectations, and more.  The risk of financial losses, feelings of resentment, damaged relationships, and lawsuits for both parties is high without consulting contracts or agreements. In addition to avoiding litigation, having clients sign a consulting agreement can help establish a basis for communication between both sides. You and your lawyer can use the agreement to prove that, in the unlikely event that a client files a lawsuit against you, you have fulfilled your obligations and cannot be held accountable for any damages.  Contracts and consulting agreements include the following components The n...

As an independent web developer during the Internet boom in India, Rohini decided to go solo. Indian freelancer contracts are prone to this mistake. According to her, she never received a written copy. It was disappointing to not be paid immediately after the projects. Freelancers can earn money when they know how to do it correctly. Financial freedom and flexibility had to be achieved by gig economy torchbearers on their own. Competition in recent years has increased despite the same situation.  To make sure our client-company relationships run smoothly, we have contracts in place. In countries and states where contracts are not required by law, it is also recommended that you have one. It is only that antidote that will save you in case something goes wrong.  There is no rocket science involved in framing a contract. Step-by-step instructions for how to make one are provided below. Why do freelancers need a letter of agreement?  A letter of agreement is used to create f...