Loans in India are generally taken to meet a personal, business, or commercial need from banks and NBFCs. Now, when the borrower fails to pay back the principal or interest or both on time or improperly, it ceases to be a mere financial question and becomes a breach of contract. In such situations, the first …
How To Send A Legal Notice In Case Of Loan Default? Read More »
Contracts form the majority of commercial, service and employment relationships and laws governing contractual obligations in India are primarily derived from the Indian Contract Act, 1872. Contracts are legally enforceable promises which can run into problems when one of the parties looks to end the business relationship by terminating the contract. Contract termination means terminating …
Termination Of Contract In India: Supreme Court’s Guidelines And Legal Process Read More »
Landlord-tenant law is central, and state-specific provisions are to ensure fairness and prevent exploitation of either party while setting minimum standards so that the premises can be lawfully used in rent. With the increasing urbanization and housing demand, it is imperative for both landlords and tenants to know their rights and duties under the laws …
In India, with an increasing consumer market, the layman misconstrues the words warranty and guarantee; but when defined for legal considerations, the meanings stand distinctively different from one another. Consider for example, purchasing a smartphone, a fridge, or perhaps a car; you have been amid situations involving both. But what really sets them apart? This …
In the current economy that prioritizes knowledge, intellectual property (IP) has emerged as one of the most beneficial business assets. IP is not only comprised of brand names and logos, but also includes software, films, books, innovative products, etc. IP contributes to business growth, innovation, competence, and profitability. However, tapping into its genuine potential is …
Sudden dismissal is never easy, but when it happens unfairly, it can be devastating. In India, many employees are subject to wrongful termination or forced to resign under duress, which is referred to as forced resignation. Such acts for unlawful termination interrupt career progression and threaten livelihood, the very constitutional for the deprivation of which …
Legal Remedies For Wrongful Termination Or Forced Resignation Read More »
society: they do so out of trust. But problems ensue when the borrower refuses to pay back the amount, which results in financial and emotional distress. Many people hesitate to sue due to personal relations, but the law provides very clear and effective remedies to have your money repaid. In India, recovery of money is …
How To Recover Money You Lent To Someone Legally? Read More »
We’ve all gone through this, you buy something with great hope, only to find out that it’s either defective, delayed, or utterly different from what it promised. It gets frustrating, time-consuming, and in so many cases, there is a breach of law involved. While consumers in India are protected through various laws, there is the …
Buying a home is a significant milestone, but for many, it comes with the fear of false promises, unkempt timelines, and delayed possession. These issues have long plagued the real estate market, leaving home buyers vulnerable to financial loss and frustration. Thankfully, with the introduction of the Real Estate Regulatory Act (RERA) of 2016, the …
The fundamental law of India, the Indian Contract Act of 1872, lays forth the guidelines and rules that apply to different kinds of contracts. The “Contract of Agency” is particularly important among these. What is a Contract of Agency? A scenario where one individual, known as the principal, authorizes a separate individual, known as an …
Contract of Agency Under Indian Contract Act 1982 Read More »
