LexCliq

  What is a Partnership Agreement and Why Is It Crucial for Your Business? 🤝" A frequently asked question by entrepreneurs and business partners is: "What is a partnership agreement, and why do I need one for my business?" #PartnershipAgreement #BusinessPartnership #StartupAdvice 🤔 The Question Explained A partnership agreement is a legally binding contract between two or more individuals or entities that defines the terms of their partnership. This agreement specifies how profits and losses will be shared, the duties and responsibilities of each partner, decision-making processes, and how to handle disputes. It is essential for all types of partnerships, whether general or limited, as it helps to avoid misunderstandings and ensures that all parties are on the same page. #LegalContract #BusinessPartnership #Entrepreneurship ✅ Answering the Big Question: Key Components of a Partnership Agreement 1️⃣ Ownership Shares and Profit Distribution Define the ownership percenta...

  Trademark Litigation: How to Protect Your Brand from Infringement? ⚖️🔒 #TrademarkLitigation #BrandProtection #IntellectualProperty #LegalAdvice #IPRights #BrandInfringement #LexisAndCompany 🌟 Question of the Day : "What should I do if someone is infringing on my trademark?" 🤔💼 Answer : Trademark infringement can damage your brand’s reputation and affect your business’s credibility. If someone is using your trademark without permission, it’s essential to act swiftly to protect your intellectual property. Here’s how you can handle it: Step 1: Confirm Trademark Ownership 📑 Before taking any action, confirm that your trademark is registered and protected under intellectual property law. Only registered trademarks have full legal protection against infringement. Keywords : trademark registration, intellectual property, brand protection, IP law, legal ownership Step 2: Investigate the Infringement 🔍 Gather evidence of the trademark infringement, such as screenshots of th...

  Question of the Day: "What are the essential clauses every partnership agreement in India should include?" #PartnershipAgreement #BusinessLaw #IndianLaw #Entrepreneurship #LegalContracts #StartupIndia Starting a business with a partner? A partnership agreement is a must! This agreement serves as the foundation for your business relationship, setting the stage for clear roles, responsibilities, and dispute resolution methods. Let's dive into the essential clauses every partnership agreement should include to ensure a smooth and legally secure partnership! 📝💼⚖️ 📜 1. Name and Nature of the Partnership: The agreement should start by defining the name of the partnership and the nature of the business being conducted. Why does it matter? Clearly identifies the partnership’s legal structure and the business it will operate. Helps avoid confusion by providing a specific reference to the business activities. Establishes the identity of the partnership, which is important for ...

   What is a Shareholder Agreement and Why Should It Be Part of Your Business Strategy? 🏢" A commonly asked question by business owners and startups is: "What is a shareholder agreement, and why is it important to have one for my company?" #ShareholderAgreement #BusinessOwnership #CorporateGovernance 🤔 The Question Explained A shareholder agreement is a legal contract between the shareholders of a company that outlines their rights, responsibilities, and the rules governing the management of the company. This agreement addresses how the company will be run, how shares will be transferred, and how disputes between shareholders will be resolved. Shareholder agreements are particularly useful in private companies, joint ventures, or startups to avoid conflicts and ensure smooth business operations. #ShareholderRights #CompanyOwnership #BusinessDisputes ✅ Answering the Big Question: Key Components of a Shareholder Agreement 1️⃣ Share Ownership and Transfer Outline the rul...

  Commercial Litigation: How to Handle a Breach of Contract in Your Business? ⚖️💼 #CommercialLitigation #BreachOfContract #BusinessDisputes #LegalAdvice #ContractLaw #BusinessProtection #LexisAndCompany 🌟 Question of the Day : "What should I do if a business partner or client breaches our contract?" 🤔💼 Answer : Breach of contract is a common issue in commercial relationships and can have serious financial and legal implications. If you find yourself in a situation where a contract has been breached, here’s what to do: Step 1: Review the Contract Terms 📑 Before taking any action, carefully review the contract in question. Ensure that you understand the specific terms that have been breached. This will help you decide whether the breach is significant enough to take legal action. Keywords : contract review, breach of contract, legal obligations, commercial agreements, business contracts Step 2: Communicate with the Other Party 📨 Often, breaches occur due to misundersta...

  Question of the Day: "What are the key elements of a contract to avoid future disputes in India?" #ContractLaw #LegalDisputes #BusinessAgreements #IndianLaw #ContractManagement #LegalProtection A solid contract is the backbone of any successful business relationship. Whether you're signing agreements with clients, suppliers, or employees, it's essential to include key elements that help minimize the risk of future disputes. Let’s break down the must-have clauses and provisions that will protect your business and ensure clarity for all parties involved! 📄⚖️💡 📜 1. Precise Description of Goods/Services: A business contract must clearly define the goods or services being provided, along with any specifications, features, or quality requirements. Why does it matter? Ambiguity can lead to disagreements about what is being exchanged or delivered. Clear descriptions prevent any misinterpretation of the contract’s purpose. It ensures that both parties are on the same page...