Legal Advice

  The freelance agreement specifies the project to be completed and the work to be performed by both the company and the freelancer. The contract outlines all the terms and circumstances regarding the freelancer agreement india works with the firm in order to facilitate greater understanding and involvement. The following are some benefits of writing a freelance contract: 1. Avoids costly omission If you do not state what you undertake in a contract, you might expose yourself to potential traps. You might, for example, define how your revisions will be handled, how your work will be delivered, or how your client will be paid.  Your interests and time may not be protected without a contract. 2. Eliminates misunderstanding Having a contract can help clarify any dispute if a misunderstanding arises. Ensure that the contract contains only the details agreed upon between you and the client. This ensures no discussions were had on the phone but were not incorporated into the contra...

  The term sheet is a contract between a start-up founder and an investor that has been written following a pitch meeting or a preliminary corporate meeting of ideas regarding the proposed deal. The main terms and conditions of the funding are contained in the document exchanged between the parties (start-up founders and angel investors/venture capital investors).  As a first step toward finalising the deal agreements and completing the time-consuming due diligence, the term sheet identifies the essential aspects of the agreements and sorts out any discrepancies. Memorandums of understanding (MoUs) and letters of intent (LOIs) are other names for term sheets. It serves as a template for both in-house and external legal teams to use when drafting final agreements as it merely reflects the important and broad areas of agreement between the parties as a foundation on which the investment will be made. It also serves as a non-binding term sheet which can be used as a basis for fi...

  In the Companies Act, 2013 there are different classes of companies, from which the most prominent in the corporate world are the private companies as well as the publicly traded companies. Private Company A Private Company is defined by Section 2(68) of the Companies Act, 2013. The Company's Articles of Association (AoA) restrict the transferability of its shares, and prevent the general public from subscribing to it. A Private Company differs from a Public Company mainly based on this factor. An individual company can have up to 200 members (except for a one-person company). This number does not include former employees or current employees. The law has granted several privileges and exemptions to Private Companies as they do not transfer shares freely and have limited interests of members. Public Company Public Companies are defined under Section 2(71) of the Companies Act, 2013. They sell all or part of themselves in an initial public offering to the public. They are not Priv...