PSU Empanelment and Merger: Succession without Novation
By: Manisha and Sreenitya Tirumalasetty Introduction Mergers and amalgamations are a common means of corporate restructuring, enabling businesses to consolidate operations, expand market presence and achieve operational efficiencies. While the commercial objectives of an amalgamation are often straightforward, its legal consequences can be far more nuanced, particularly where the transferor company has ongoing contractual or […]
Successors And Assigns: Intimation Over Novation
By Sreenitya Tirumalasetty & Manisha Kumari Every commercial contract contains a clause that reads some variation of: “This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and permitted assigns.” Lawyers draft it reflexively and clients sign it without particular attention. Its significance surfaces, reliably, […]
The Crucial Role of Founders Agreements in Nurturing Startup Success.
The importance of a well-crafted founders agreement cannot be overstated. Here are some key reasons why founders agreements are indispensable: 1. Clarity of Terms: A founders agreement acts as the blueprint, delineating the terms and conditions that govern the relationship between co-founders. By explicitly defining each party’s rights, responsibilities, and contributions, ambiguity is dispelled, fostering […]
Cookies – Meaning, legal regulations and Implications
Data collection and usage can be considered as pervasive for certain set of organisations based on their business model. These organisations are engaged in collecting and using information about individuals with respect to smooth functioning of their business. The data collected are capable enough to enable these organizations to compile comprehensive digital profile based on […]
