Definition of Joint Venture A business arrangement in which two or more parties come together to collaborate and undertake a particular business project or venture is called a Joint Venture. In such a business arrangement, every party involved contributes resources such as capital, specialization, technology and much more to the venture and takes part in … Read more
Contract drafting through the spheres of verbal assurances given by the parties to one another is just the rapport made in plain English which cannot be considered a legal agreement in the eyes of the law. Moreover, considering a verbal agreement, the parties’ intention to enter an agreement cannot be concluded. Whereas, contract drafting through … Read more
A contract is a legal agreement that outlines the terms and conditions of a transaction or relationship between two or more parties. Whether you’re buying a product or service, hiring an employee, or entering into a partnership, a contract is an essential tool for protecting your interests and ensuring that all parties are on the … Read more
Due to the uncertainty brought on by the COVID-19 outbreak, businesses in India and throughout the world are unable to fulfil their contractual performances. Oil refineries and the airports in Delhi and Mumbai in India have cited the “Force Majeure” provision and are asking the Airport Authority of India to waive their due payments as … Read more
Business contracts initially seem to be similar to other types of contracts. These contracts, like other types of contracts, are written commitments where one party provides a good or service to another in return for a benefit. When drafting business contracts, there are a few things you should watch out for. The foundation of every … Read more