Term sheets are typically connected with start-ups. Entrepreneurs believe that this document is critical for recruiting investors, such as venture capitalists (VC), who provide funds to fund businesses. The term sheet should include information on the company’s valuation, investment amount, percentage interest, voting rights, liquidation preference, anti-dilutive provisions, and investor commitment. Term sheets are also …
The co-founder’s agreement, as a document, can be made legally enforceable by simply printing it on non-judicial stamp paper, which must be signed by the relevant parties with the appropriate stamp duty varying by state. A co-founder’s agreement is a legal document that specifies the terms and conditions under which a startup’s co-founders will operate …
FEMA acts as a watchdog over India’s external commerce and payments, attempting to facilitate and regulate them properly. The passage of this Act was a strategic step to adjust to the changing international economic situation, in which globalization was becoming a defining feature. The Act recognizes the importance of foreign exchange reserves and seeks to …
When starting a firm, numerous document compliance requirements must be met. A trade license is one of the necessary documents for operating a business or trade. It allows a person or corporation to conduct business or trade within a specific municipal limit. What is Trade License A trade license is a document/certificate that authorizes the …
The Supreme Court ruled in Union of India v. Tulsiram Patel that a public servant facing wrongful dismissal has statutory remedies of appeal and, if that is not enough, he also has the remedy of “judicial review” if his deprivation is contested. As a result, the Supreme Court properly credited judicial review. The Apex Court …
When taken in its true sense, the property has a far wider meaning. It includes intangible rights, which are regarded as a source of wealth or income, in addition to money and other material possessions. The right to possess property to the exclusion of others, as well as the freedom to enjoy and lose things …
The goal of the 2007 Maintenance and Welfare of Parents and Senior Citizens Act is to impose a legal duty on children and heirs to support elderly parents. It even permits state governments to build senior citizen residences in each district. State governments are authorized to establish maintenance tribunals and appellate tribunals to resolve disputes …
Any form of discipline that involves the use of physical force to inflict little pain or discomfort is referred to as corporal punishment. The most common ways to administer this punishment are with the hands spanking, slapping, punching, or by hitting using a stick, belt, shoes, etc. Children may also be kicked, scratched, pinched, bit, …
If a Hindu male dies without leaving a will or expressing any wishes, his property and belongings are divided equally between his widow and legal heirs, then further divided into four categories by Indian law for property distribution between brothers. If the property in question is inherited Concerning Self-Acquired Property The son or daughter has …
Unexpected accidents could take place and lead to financial, emotional, and physical challenges. Obtaining compensation is of the utmost importance in such unfortunate circumstances to pay for medical expenses, lost income, and other associated expenses. Accident compensation can be determined using an elaborate method that incorporates a number of parameters. Determining the precise amount you …
