LexCliq

  What Is a Partnership Deed and Why Is It Crucial for Your Business?” – Building Trust and Legal Frameworks in Partnerships! 🤝 Client Question of the Day: 👉 “I’m entering into a business partnership. Should we draft a Partnership Deed ? What exactly is it and why is it necessary?” #PartnershipDeed #BusinessPartnership #LegalAdvice #BusinessFoundation #BusinessStructure Answer: When it comes to partnerships, the best way to prevent misunderstandings and protect your business interests is to have a Partnership Deed . Think of it as the blueprint of your partnership—a legal document that outlines the terms, roles, and responsibilities of everyone involved. Let’s break it down and see why it’s a must-have for any partnership! 📝👥 #BusinessProtection #PartnershipAgreement #LegalFramework #Entrepreneurship 🔹 What Is a Partnership Deed? A Partnership Deed is a written agreement between two or more individuals who wish to run a business together. It sets the terms for...

  What’s the Difference Between a Non-Disclosure Agreement (NDA) and a Non-Compete Agreement (NCA)? 🤔💼 Which One Should I Use for My Business? 🧐 Client’s Question: “I’m looking to protect my business secrets, but should I use an NDA or a Non-Compete Agreement (NCA)? What’s the difference and when do I need each?” 🔒💼 #NonDisclosureAgreement #NonCompeteAgreement #BusinessContractsIndia #ProtectYourBusiness #StartupLegalHelp #IntellectualPropertyProtection #LexisAndCompany The Legal Breakdown: Ah, the classic business protection dilemma! 🤔 Both agreements serve different purposes, and knowing when to use each is essential for keeping your business safe. Let’s break it down: 📜 1. What is a Non-Disclosure Agreement (NDA)? A Non-Disclosure Agreement (NDA) is a legally binding contract that ensures confidential information shared between parties (employees, contractors, or potential partners) remains protected. NDAs are typically used when you need to protect your busines...

  What Is a Memorandum of Understanding (MOU) and When Should You Use One?” – Making Deals Without the Legal Jargon! 🤝 Client Question of the Day: 👉 “What’s the difference between an MOU and a contract? When should I use a Memorandum of Understanding (MOU) in my business dealings?” #MOU #BusinessAgreement #LegalTips #MemorandumOfUnderstanding #PartnershipDeals Answer: If you’re diving into a business partnership or a joint venture but aren’t ready to sign a legally binding contract yet, an MOU might just be what you need. It’s not as formal as a contract, but it’s still a written agreement that outlines the intentions of both parties. Let’s explore why an MOU is your first step in making business deals before the ink hits the contract! 📄🤝 #BusinessPartnership #MOUAgreement #BusinessDeals #LegalDocuments 🔹 What Is an MOU? A Memorandum of Understanding (MOU) is a non-legally binding agreement between two or more parties that outlines the terms and conditions ...

  Can My Business Be Held Liable for Employee Actions? 🤔💼 How to Limit Your Legal Risk? ⚖️ Client’s Question: “My employee made a mistake that’s causing problems with a client. Can my business be held liable for their actions, or is it on them?” 😬💼 #EmployeeLiability #BusinessLawIndia #CorporateLiability #EmployerResponsibilities #LegalRisk #EmploymentLaw #LexisAndCompany The Legal Breakdown: As a business owner, you might be liable for the actions of your employees, especially when they act within the scope of their employment . Let’s break it down! ⚖️ 📜 1. What is Vicarious Liability? In India , under vicarious liability , an employer can be held responsible for the actions of their employees if the actions were carried out in the course of their employment. So, if an employee causes harm while performing their duties, your business might be held liable for the damage. #VicariousLiability #EmployeeActions #BusinessLiability 💡 2. When is an Employer Liable for an...

  What Is a Non-Disclosure Agreement (NDA) and Why Should You Use One?” – Guarding Your Business Secrets! 🔒 Client Question of the Day: 👉 “I’m working with a new partner, and we’re discussing some sensitive ideas. Should we sign a Non-Disclosure Agreement (NDA) ? What does it do and why is it important?” #NonDisclosureAgreement #BusinessConfidentiality #IntellectualPropertyProtection #LegalAdvice #BusinessPartnership Answer: If you’ve ever heard the phrase "don’t kiss and tell," you’ll understand the concept behind a Non-Disclosure Agreement (NDA) . It’s essentially a legal contract that ensures any sensitive information shared between parties remains confidential . 🕵️‍♂️🔐 So, let’s break down why an NDA is a business necessity ! #BusinessProtection #ConfidentialityAgreement #LegalContracts 🔹 What Is an NDA? An NDA is a legally binding agreement that prevents one or more parties from disclosing sensitive information that they might have access to during the ...

  Can My Business Be Sued for Defamation? 🤔📉 How Do I Protect My Reputation? 🛡️ Client’s Question: “One of my competitors is spreading false rumors about my business. Can they sue me for defamation, or should I take legal action against them?” 😡💬 #DefamationIndia #BusinessReputation #DefamationLaws #BusinessDisputes #LegalProtection #StartupLegalHelp #LexisAndCompany The Legal Breakdown: Defamation is a serious issue, especially for businesses. Let’s walk through what happens when your reputation is at stake! 🚨💼 📜 1. What is Defamation? Defamation refers to the act of making false statements that harm someone's reputation. In India, it can be slander (spoken) or libel (written). If someone makes a false statement about your business, it could damage your brand image , sales, or customer trust. #LibelVsSlander #ReputationDamage #DefamationLawsIndia ⚖️ 2. Can You Be Sued for Defamation? Yes, a competitor can sue you for defamation if your statements about them a...