Law

In many cases, parties under dispute look for an out-of-court settlement, by using Alternative Dispute…

Arbitration is a dispute settlement mechanism in which the dispute is referred to an independent…

Difference Between Novation and Alteration

A motion becomes a resolution when the required majority of members accept it. Practically, one…

In general, one party pays the amount of compensation for the loss incurred to the…

It is quite impossible for a person to perform all the business transactions, on his…

A civil lawsuit begins when a person or an enterprise fails to perform any obligation…

While in a contract, the presence of agreement between the parties is a must. But…

Contract Law encompasses consent-based relationships between parties. In this one party to the contract agrees…

At times the parties to the contract decide a reasonable compensation payable at the time…

FIR, or First Information Report, is the written document that police prepare upon receiving information…

At the time of entering into a legal transaction, there are two options available to…

Regulations imply the directives which a body or authority creates and maintains. These are lawfully…

There is an old statement, “All contracts are an agreement, but all agreements are not…

‘Coercion‘ is the act of threatening a person, to compel him/her to enter into the…

When an agreement is enforceable at law, it becomes a contract. Based on validity, there…

‘Fraud‘ means a willful misrepresentation of a material fact while ‘Misrepresentation‘ means a bonafide representation…

In simple terms, bailment refers to hand over or assignment the goods, which involves change…

An offer and invitation to offer are two different terms, which must not be confused…

The President of India, the Lok Sabha, and the Rajya Sabha are collectively known as…

A ‘Contract of Sale‘ is a type of contract whereby one party (seller) either transfers…

In a contract of sale, the subject matter is ‘goods’. There are millions of sale…

Indemnity and Guarantee are a type of contingent contracts, which are governed by Contract Law.…

Income Tax is a compulsory obligation which is levied on every citizen, based on their…

There are many forms of political systems which are prevalent in different countries of the…

In simple terms, the law may be understood as the systematic set of universally accepted…

A trust is a contract between the settlor and trustee, formed for the benefit of…

The Indian Contract Act, 1872 has made it clear that there is a thin line…

In the legal glossary, you might have heard the terms deed and title, quite frequently.…

A will can be described as a legal document, that states the manner in which…

Foreign Exchange Management Act, 1999 (FEMA) emerged as a replacement or say an improvement over…

While talking about negotiable instruments such as cheques, bills of exchange and promissory note, we…

The government formulates taxation policy with an aim of performing a variety of functions and…

Nationality and citizenship are one of the most misconstrued terms, in the world. For a…

An ordinary resolution is refers to a resolution, passed by the members of the company…

A void agreement is void ab-initio, in essence, it is null since it is formed. But on…

The fundamental difference between a money bill and finance bill is that a money bill can…

The President of the country is the first citizen, as well as the head of…

The chief advisor to the President of India is the Prime Minister, who heads the…

An assessee can reduce his/her tax liability, by legitimate means, in two ways – tax…