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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.
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.
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,...
Copyright aims at providing protection to authors (writers, artists, music composers, etc.) on their creations. Such creations are usually designated as “works”. Works covered by Copyright include, but are not limited to, literary works such as novels, poems and plays; reference works such as encyclopedias and dictionaries, etc.
A Sales Agreement turns the verbal commitments of a sale into a formal contract that outlines what is being sold, its price, delivery conditions, and the rights of the buyer and the seller. It creates legal certainty and commercial discipline, which help businesses close deals faster, maintain compliance, and reduce the chances of disputes.
Service agreements are the most important part of building a successful relation between companies and service providers. It helps in bringing clarity, structure and protection. Whether it is outsourcing of the support function, hiring a consultant or engaging a logistics provider, there should be a written agreement that defines the level of service that must be provided. This is known...