Knowledge Center

Contracts are the backbone of contemporary business relationships, covering sales, procurement, partnerships, employment, and compliance. However, many organisations are still struggling with disorganised contracts, manual approval processes, and missed contract obligations. This is where what is contract management becomes a critical question for growing organisations. By embracing a systematic way of managing contracts from inception to completion, organisations can minimise...

In the world of business and personal transactions, contractual agreements are the basis of trust, accountability, and legal certainty. Whether it is the hiring of an employee, a vendor, a lease agreement for property, or the purchase of goods, contractual agreements establish the rights and responsibilities of the parties involved, especially in the context of a contractual agreement in business....

In the modern digital-first business world, contracts are no longer confined to mere pen-written agreements around a table. Today, businesses negotiate and conclude agreements through emails, hire employees remotely, and engage in business through digital platforms such as the internet. The center on which this modern business practice revolves is electronic contracts, also referred to as E-contracts. Electronic contracts are...

Paperwork no longer has to mean piles of paper. With electronic signatures, you can sign documents online in just a few clicks. No printing, no scanning, no hassle. Whether it’s a business contract or a government form, e-signatures are fast, safe, and legal. You can sign documents anytime, anywhere, using your phone or laptop using an electronic signature online platform....

Most people believe that a contract exists only when you sign some long legal document. That is not quite right, though. Even ordinary, casual actions, such as buying a cup of coffee, can be the beginning of a contract. So what exactly makes an agreement turn into a legally valid one? In this blog, we describe what constitutes the basic...

Considering investing in a franchise or expanding your business through franchising? Before even opening your store or installing your signboard, one paper governs all there is—the franchise agreement. In simple terms, a franchise agreement is a kind of contract or agreement between the person who owns the franchise and the person who operates the business. It has all the details...

Understanding how agreements and contracts differ and where one should settle for an agreement instead of a contract can go a long way, especially when dealing with any contract & agreement in a business setting.

A Contract is an agreement between two or more parties that is enforceable by law as a binding legal agreement. The Indian Contract Act, 1872 came in to effect on September 1, 1872 and is applicable in the whole country. It governs entering into a contract, execution of the contract, and the effects of breach of contract. So for a valid contract,...