Essential Things to Look at Before You Sign a Lease Agreement
LexForti Legal News & Journal
by LEXFORTI
4M ago
Are you looking forward to accessing a property through a lease? This should come after you conduct a thorough analysis and make proper plans, and not some things you do without proper consideration, as it may put you in a compromised position. Leasing or renting a property can help you save your situation and achieve demands for your business without having to break the bank. While it may be a lifesaver and vital for you, it is good to understand all the details of the lease contract that you want to sign. Whether you are starting or want to expand your business, going through the path of lea ..read more
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A Guide to Fintech Regulations in India
LexForti Legal News & Journal
by LEXFORTI
5M ago
Investing in the growth of a country’s fintech sector should also entail investing in appropriate regulations across entities in the sector. India’s fintech sector recently saw a 68% boost in funding, making the country the fourth highest-funded fintech startup ecosystem globally. Overall, India is the third largest startup ecosystem globally — with nearly 100,000 startups in the country — behind the US and China. This significant growth trajectory means that many Indian individuals and households rely increasingly on fintech services and solutions, digitally handling their finances ..read more
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IBC v. Startups: Entrepreneurs’ Struggles and Unjust Valuations
LexForti Legal News & Journal
by Shravya Pathak
8M ago
In the world of business and finance, personal guarantees have emerged as a controversial and sensitive topic, especially when they intersect with the Insolvency and Bankruptcy Code (IBC). Entrepreneurs who pledge their personal assets as collateral against loans for their companies are finding themselves caught in a web of complexity, uncertainty, and reputational damage. This article delves into the challenges entrepreneurs face under the IBC due to personal guarantees and sheds light on the flawed valuation process that compounds their plight. Personal Guarantees and IBC: A Complex Web of S ..read more
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LexForti Legal Advises Luxury Salon Brand NailBox in Franchising
LexForti Legal News & Journal
by Rohit Pradhan
8M ago
NailBox Salon, a leading luxury salon in Bangalore, recently ventured into franchising to broaden its presence. At LexForti Legal, we’ve had the recent privilege of working with Nail Box Salon, a prominent luxury salon based in Bangalore. Nail Box Salon approached us with a clear vision: to expand their brand through franchising. Recognizing the legal intricacies that come with this business model, they sought our expertise to draft the necessary legal documents. Led by Adv. Rohit Pradhan, co-author of “Franchise Laws in India”, our team ensured that the legal groundwork was robust, complia ..read more
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TALENT AGREEMENT
LexForti Legal News & Journal
by LEXFORTI
10M ago
Author: Aishwarya Patil | Maharashtra National Law University Mumbai This Talent Agreement (the “Agreement”) is a formal contract outlining the relationship and responsibilities between an Artist, Agency, and the Client. It is a document stipulating that the agency will seek employment opportunities for the artist and negotiate contracts on their behalf for a commission of the artist’s earnings. The following sections outline key clauses typically found within this agreement: Service Provision: This clause provides a comprehensive account of the services the Artist will render, which may incl ..read more
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Title: How to Sue Flipkart/Amazon: Legal Remedies for Defective Products and Poor Service
LexForti Legal News & Journal
by Rohit Pradhan
10M ago
Hello everyone! We live in an era where e-commerce websites such as Flipkart and Amazon have become the go-to platforms for our shopping needs. Their service is usually reliable, but there are instances where customers are faced with defective products or poor service. What can be done in such situations? Can we hold these e-commerce giants accountable? The answer is, yes. Today, I’m going to provide you a step-by-step guide on how you can sue Amazon or Flipkart in India for faulty products or poor services. 1. Understanding Consumer Rights Before we proceed, it is crucial to understand your r ..read more
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Cross-Border Trademark Injunctions in India: Tata case study
LexForti Legal News & Journal
by Rohit Pradhan
10M ago
Dive into an in-depth analysis of the Tata legal case, providing insights into the complexities of cross-border trademark injunctions in India. Introduction Tata Sons, a prominent Indian corporation, recently initiated a legal action. The company aims to restrict foreign businesses in the cryptocurrency sector from utilizing the trademark “TATA”. This trademark forms part of their branding for the “TATA coin/$TATA” cryptocurrency. This case has presented intriguing legal considerations. Jurisdiction: One consideration is the extent of the Indian court’s jurisdiction over foreign entities. Inj ..read more
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Applicability and Interpretation of Section 29A
LexForti Legal News & Journal
by Sridhruti Chitrapu
1y ago
Case Analysis: Arcelor Mittal India Pvt. Ltd. vs Satish Kumar Gupta Facts A section 7 application filed by State Bank of India and Standard Chartered against Essar Steel India Ltd.(ESIL) for a default of Rs. 45,000 crores was admitted by NCLT and Mr. Satish Kumar Gupta was appointed as the IRP. In response to the invitation for expression of interest, ArcelorMittal(AM) India on 11th October 2017 and an entity called Numetal Ltd. on 20th October 2017 submitted their interest. The resolution plans were submitted on 12th February 2018. On the apprehension that the RP might find it ..read more
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SC on Status of Homebuyers under the Waterfall mechanisms
LexForti Legal News & Journal
by Sridhruti Chitrapu
1y ago
Case Analysis: Pioneer Urban Land and Infrastructure Ltd. vs Union of India Facts Numerous writ petitions have been filed before the SC challenging the constitutionality of the amendment of 2018. This amendment made deem allottees of a real estate project to be financial creditors, enabling them to trigger CIRP against the real estate developers under Section 7 of the Code. The amendment additionally entitles them to be represented at the COC through ARs.  Explanation given under Section 5(8)(f) clarified that the real estate allotees also come within the scope of financial debt as it fal ..read more
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Case Brief: Cadila Health Care Ltd. vs. Cadila Pharmaceuticals Ltd.
LexForti Legal News & Journal
by Rohit Pradhan
1y ago
Procedural History Cadila Health Care Ltd. (appellant) filed a suit for injunction against Cadila Pharmaceuticals Ltd. (respondent) in the District Court at Vadodara regarding the use of the brand name “Falcitab” for a medicine manufactured and sold by the respondent. The appellant claimed that the brand name was similar to its drug “Falcigo” and could lead to confusion and deception among consumers. The appellant’s drug, “Falcigo,” contains Artemether as the active ingredient and is used for the treatment of cerebral malaria, commonly known as ‘Falcipharum.’ The appellant applied for the regi ..read more
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