When a start-up is launched, it is not just the business that the entrepreneurs need to look after, but also the legal aspect of running it. Unless all the legal ducks are lined-up neatly in a row, your business could flounder. Hence, entrepreneurs need to hire a lawyer for their start-ups so that they can proceed with
Coming up with an idea for a start-up and securing sufficient funds to get their business off the ground is only half the battle won for entrepreneurs. Entrepreneurs still have a long road ahead of them before their business is truly up and running. Entrepreneurs must consider the legal upshot and unless they secure their start-up with solid legal support, they are sure
When entrepreneurs get their business off the ground, their primary focus is on the product or service they are selling, the supply chain and other related technicalities. While entrepreneurs need to prioritize this, they must be prudent and not overlook the legal implications of their business strategy. As an entrepreneur, having trusted legal advisors is
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