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  Legal Advice on Corporate Litigation: What Can You Do if Your Company is Sued? #CorporateLitigation #LegalAdvice #BusinessLaw #LegalHelp #LitigationSupport #CommercialLitigation #StartupLitigation 🚨 Common Client Question: "What steps should I take if my company is sued for corporate litigation?" 🤔 Facing a lawsuit can be one of the most stressful experiences for any business. Whether it's related to breach of contract, shareholder disputes, or any other commercial dispute, corporate litigation can threaten your business's reputation and financial stability. But don't panic! Here's the roadmap to handle it smoothly. Step 1: Understand the Nature of the Lawsuit 📄 The first thing you should do is carefully review the lawsuit papers. This will help you understand the claims made against your company. Is it a breach of contract? An intellectual property infringement? The clearer you are on the lawsuit's specifics, the better you can respond. Step 2: Ass...

  What are the different types of contracts in India? 🤔📑 #ContractsInIndia #LegalQuestions #StartupLaw #BusinessContracts #IndianLaw #LegalAdvice #LexisAndCompany #LegalHelp Contracts are the backbone of any business or legal transaction in India. Whether you're launching a startup or engaged in corporate dealings, understanding different types of contracts is crucial for protecting your interests. Let's break down the most common contract types in India: 1. Bilateral Contracts 🤝 This is the most common type of contract in business transactions. It involves two parties where each promises to perform an obligation for the other. For instance, in a sale agreement, one party agrees to deliver goods, and the other agrees to pay for it. 🔑 Benefit : Clear terms for both parties ensure mutual understanding and enforcement of promises. 2. Unilateral Contracts 📝 In a unilateral contract, one party makes a promise in exchange for an act by the other party. Example: A reward contract...

  What's the Difference Between a Shareholder Agreement & a Partnership Agreement? 🤔 Are you wondering about the differences between a Shareholder Agreement and a Partnership Agreement ? Well, you're not alone! These are some of the most commonly asked questions by clients, especially when it comes to starting a business. Let's dive into it! 🌟 🔑 Shareholder Agreement : This is a legal document between a company and its shareholders that outlines the rights, obligations, and duties of each shareholder. It governs matters like voting rights , dividends , and how the shares of the company are to be transferred in case of disputes or exit. ⚖️ Partnership Agreement : On the other hand, a Partnership Agreement is a contract between two or more individuals who agree to operate a business together. It lays down the profit-sharing ratios, each partner’s responsibilities , and how decisions will be made within the business. Key Differences: Nature of Ownership : In a Sha...