Start-ups have to keenly oversee all aspects of their operations, including the quality of their products or services, the supply chain, market, and the economy. Importantly, entrepreneurs have to use this information to deploy the investment in their company wisely and in a manner that yields profits. Making wise decisions entails enlisting the services of
Passionate entrepreneurs drive the growth of successful start-ups by providing disruptive solutions to contemporary consumer problems. For a start-up to be successful, entrepreneurs must possess a strong understanding of the market and the target consumer’s needs, a driven mind-set, a unique product, and knowledge of the regulations that govern their business. In this article, we
Following are the clauses to be included in the offer letter. Confidentiality Clause / Non – Disclosure Obligations A well drafted contract of employment should include a confidentiality clause that gives protection to company’s sensitive information such as trade secrets and client data and obligates the employee to keep such information confidential from the public.
What is an employment contract? An employment contract is a voluntary and binding document between an employer and employee, usually in a written form. Such contract includes important aspects of the employment such as role, responsibilities, remuneration, benefits like variables or ESOPs, termination, covenants not to compete, etc. Why should one execute an employment contract?
An employer with a workplace having 10 or more than 10 employees is required to set up an Internal Complaints Committee (ICC) and undertake compliance requirements under the POSH Act 2013. The act embodies anti sexual harassment compliance law for the employers to adopt and elaborates in detail the process of adjudication of a sexual
What is a founders’ agreement? A founders’ agreement is a contract between the co-founders of a company. It essentially sets out the ownership, duties, responsibilities, and the initial investment of each founder. It is advisable to enter into such an agreement during the incorporation stage of the enterprise. This would ensure that the roles of each founder are clearly laid-out. Why
In India following are the common structure of business entity that can be formed in order to run a business – Private Limited Company Public Limited Company Unlimited Company Limited Liability Partnership (LLP) Partnership Sole Proprietorship In addition to the above, a branch office, subsidiary company or a Joint Venture company can be incorporated as
A Start-up lawyer, in the process of incorporating a Company, drafts many legal documents as a part of the formation and incorporation process. One of the most important steps undertaken by a Start-up lawyer is to define the relationship of a company with the shareholders. The document which governs the relationship of the company and
Any startup be it fintech, cleantech, mobile, software, hardware, IT, food, health, etc. will need to invest time and effort into drafting and executing multiple legal documents with their employees such as Non-Disclosure Agreements, Offer letter, Employment Agreement, etc. A well drafted document will capture the existing understanding between the parties and will help in mitigating
On incorporation, a private limited company must file its Articles of Association for registration with the Registrar of Companies. The Articles of Association must be filed electronically as eAoA (INC-34) along with Simplified Proforma for Incorporating Company electronically (SPICe) INC-32. SPICe was introduced in 2016 to facilitate incorporation of a company by way of a