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A. INTRODUCTION: A franchise is a form of business in which a company which has developed a product or service (the franchisor) enters into a contractual relationship with other entities (franchisees) which usually operates under the franchisor’s trade name and guidance in exchange for a consideration. The concerned parties enter into a franchise agreement which […]

A. INTRODUCTION: A term sheet is an intention to complete a transaction. It is a non-binding document that lays down the basic terms and conditions of the proposed investment. It is usually entered into between parties before they enter into a definitive agreement which would govern the terms of their investment. The parties should ensure […]

A. INTRODUCTION: The term indemnity comes from the Latin term “indemnis” which means uninjured or suffering no damage or loss. The same can also be defined as a security or protection against a financial burden. An indemnity clause is one of the important clauses that is usually incorporated in all kinds of contracts. The reason […]

A. INTRODUCTION: COVID 19 has left all business to lose value artificially. Funding will be harder to get and down-rounds will be the new normal. Besides, valuations will be reset due to the increased macroeconomic risk. Promoters may lose control of the Company if the strategy of fundraising is not aligned with the market scenario. […]

India has been one of the most attractive and evolving investment destinations for private equity/venture capital funding for quite a long time and the growth of start-ups in India has been multifold in the last 10 years.  A lot of startups in India have entered in the industry either by charting into a completely new […]

On date, India does not have a privacy law, but a personal data protection bill is pending before the Lok Sabha. It is India’s first attempt at regulating how personal digital data of citizens can be used by the government or any third party. Of late, the Government of India has pointed its gun on […]

The government of India has amended its FDI Policy today to curb opportunistic takeovers of Indian Companies due to Covid-19 pandemic by the neighbour countries. As per the new amendment, FDI investments into Indian companies from neighbouring countries will now require a nod from the government. This will be applicable to all countries that share […]

During this situation of outbreak of Covid-19, we have been approached with many clients raising queries in relation to payment of salaries/wages to their employees, where there are low or rather no revenue generation in the company as there are no operations in the company due to the lock-down announced by the Government of India. […]

A. INTRODUCTION: A Share Purchase Agreement (“SPA”) is a business contract which sets out the terms and conditions with respect to the purchase and sale of shares of a company. This agreement is entered into between the seller, the company and the purchaser of the shares of the company. An SPA is considered to be […]

Amidst the outbreak of Covid-19 and its consequential countrywide lockdown, shutting down majority of the commercial, industrial and retail activities, the much forgotten ‘Force Majeure’ clause in contracts and leases is now receiving close scrutiny. In simple terms, ‘Force Majeure’ events relieve a party from performance of its contractual obligations, without any consequential breach of […]