Understanding The Legal Weight Of Your Term Sheet
In the realm of commercial transactions, a term sheet often functions as a crucial stepping stone – establishing the foundation of a proposed deal. As a roadmap for future definitive agreements, a term sheet captures the parties’ preliminary intentions and commercial understanding. That said, when a term sheet has a blend of binding and non-binding …
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Before you close the Deal: Let us talk Disclosure Letters
Authored by: Lovejeet Singh (Partner, Corporate & Aviation) and Shivani (Senior Associate, General Corporate and Transactions) In the bustle of due diligence and preparation of transaction documents, the ‘Disclosure Letter’ often gets overlooked and surfaces at the eleventh hour just prior to signing or closing. Why is it a problem when you are focused on …
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Potential Custodial Sentencing for Directors in India: Enhancing Accountability?
Introduction India’s company laws are a rare phenomenon in Asia as far as the codification of directorial duties are concerned. Section 166 of the Companies Act, 2013 (the “Indian Framework”), which prescribes the law on the duties of a company’s directors, places wide reliance on the virtues of good faith and diligence in dealing with …
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No-Poach Agreements: A Global Antitrust Issue
No-poach agreements, also known as non-solicitation agreements, are contracts or arrangements between employers to refrain from soliciting, hiring, or requiring prior approval before hiring each other’s employees. These agreements, which can take various forms, aim to reduce competition in labour markets. They also carry the risk of suppressing wages and limiting job opportunities for employees. …
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Refund of Court Fees: Supreme Court’s ruling in “Jage Ram” a step back for out-of-court / private settlements?
The Indian judiciary’s perennial struggle with mounting case pendency remains a cause for concern.