Business Laws

What is a Voidable Contract? A Voidable contract Meaning is a contract or an agreement that is breakable at the will of any one of the parties. As per section 2 sub-clause (i) of Indian Contract Act 1872, a Voidable Contract is an agreement that can be enforced by the law by one party but […]

What is a Void Contract?  A contract that is legally not enforceable from the moment it is formed can be termed as a Void Contract. It can be nullified for some reasons. Contracts become void for a variety of reasons, including illegal consideration. Both voidable contracts and void contracts are different from one another. However,

What Is A Valid Contract? For the better functioning of all formal business relations, professionalism must be ensured. A Valid Contract is a significant way to protect your business and eliminate legal liability. A valid contract consists of the roles, responsibilities, and expectations of all the parties that are involved in the business. A contract

When you’re starting a business, one of the first things you need to do is figure out what type of share capital you use. There are a few different types of share capital, and each has its benefits and drawbacks. In this article, we’ll see the four most common types of share capital: common stock,

Introduction: We know that a contract of sale or an agreement to sell is entered into to pass the ownership of goods from the seller to the buyer. In our previous articles, we have discussed all the conditions and warranties attached to a contract of sale or an agreement to sell. With this article, we

When you are a business owner, you need to treat your workforce right. Your workforce is one of the most critical assets of your business. Therefore, you need to know how to handle your payroll and pay scale.  Most employers are using the pay-for-performance system. It’s a system that uses time as a factor while

Why is time and pay for performance important? When you are a business owner, you need to treat your workforce right. Your workforce is one of the most critical assets of your business. Therefore, you need to know how to handle your payroll and pay scale.  Most employers are using the pay-for-performance system. It’s a

The Indian Contract Act of 1872 governed the sale and purchase of products until 1930. Sections 76 to 123 of the Indian Contract Act were abolished in 1930, and a new act named the Sale of Goods Act 1930 happened in their place. It went into effect on July 1, 1930. Section 4 of the

When you’re running a business, it’s important to know the basics of contract law. One key concept is a consideration: what is and isn’t legally valid when two parties enter into an agreement. In this blog post, we’ll define consideration, the legality of consideration and how it applies to business and commercial knowledge. We’ll also

Economic theory involves many laws and theorems, which denote variable factors’ functioning in variable situations. To explain the law of variable proportion, many factors like production functioning, commodity output, etc., are on the same platform. This law usually states the variation in the marginal value of the product factor. This law is vital in economics, crucially