Business Laws

Introduction A partnership is a relation between two or more people who’ve already agreed to do business collectively and divide the earnings from a business by all of them or by one acting on behalf of all of them. Individuals that have formed a partnership with one another are referred to as Partners, and the […]

What is a Partnership Firm? A partnership firm is defined as an association where one or more parties come together and run a business to earn profits. According to the constitution of India, “A partnership is a relationship between individuals who have agreed to share profits from a business carried on by them all or

The word ‘quasi’ means almost. Quasi-contracts are those contracts (agreements enforceable by law) that are imposed by court orders to prevent a party from wrongfully benefitting from the other. Quasi-contract arises without having a formal contract but out of rights and liabilities of individuals. The focus is to uphold justice and fairness. The contract intends

Introduction: An offer and acceptance contract is an agreement where the parties offer goods, services, money, or promises to each other. For an offer to be accepted, there must be a meeting of the minds. If the parties have not agreed on all terms of the contract, they have not met the standards. Before it

A Comprehensive Guide to the Nature of Contracts Contracts have occupied a significant place in the regular vocabulary of individuals, especially those that are engaged in various forms of business operations. It is usually understood as a form of understanding between two or more persons, by which rights are acquired on the one side to

To understand the meaning of Free Consent clearly, it is important to know the meaning of Consent.  Consent is an agreement formed between two or more parties mutually on the same what they desired or wanted to convey with one another. An agreement can be written or an oral agreement. The written agreement is preferred

Starting a business is an exciting time, but it’s imperative to make sure you are doing things the right way. There are many legal things you need to think about when starting a business. For example, you need to choose the right business structure and get appropriate licenses and permits. In this post, we will

The Limited Liability Partnership Act, 2008 of India, was passed by the Indian Parliament on December 2, 2008. It provides a new legal framework for forming limited liability partnerships (LLPs). The LLP is an association of two or more persons who have agreed to be jointly and severally liable for the obligations incurred by the

Formal partnerships are also called joint ventures and cooperative enterprises. They’re one of the most common business organizations, but they vary from simple to very complex. There must be some mutual interest between the two parties involved, and this interest must be significant for two or more people to decide to invest their time in

The term “legality of object” is often used in the legal world, but what does it actually mean? In order to understand the legality of an object, you must first know its definition. Below we will discuss the legality of the object in detail. Legality Of Object Definition The definition of the legality of an