🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

Saksham

Stealth • 5m

Crafting the Perfect Contract: Key Elements Ever wondered what goes into a well-written contract? Whether you're a business owner or just curious about legal documents, understanding the typical elements of a contract can be incredibly useful. 1. A clear title sets the stage, letting everyone know exactly what the agreement is about. 2. All-important identification of parties - using full legal names and addresses to avoid any confusion. 3. For technical agreements, a definitions section can be a lifesaver, explaining complex terms in plain language. 4. The real meat of the contract lies in its content, outlining obligations, duration, and risk allocation. This section should cover all bases, from enforceability to dispute resolution. 5. Don't forget the signature block! Certain agreements must be in writing and signed to be legally binding. By focusing on these elements and using simple, clear language, you can create contracts that are both legally sound & easy to understand.

0 replies9 likes

Recommendations from Medial

Saksham

Stealth • 7m

Shark Tank Teaches Us: Contracts Matter Shark Tank India's legal drama shows why handshake deals won't do. A strong agreement, like the one that saved my design client, protects your agency from: ●Unauthorized Use: Client uses your work for unappro

0 replies9 likes

Saksham

Stealth • 6m

In your daily life, you hear the terms Contract and Agreement. Most people think both are same but they are different. To make it easier, understand that all agreements are not contracts however all contracts are agreements. According to Section

6 replies37 likes

Saksham
•

Bebyond • 4m

📃Reverse Engineering Clauses: Navigating the Legal Landscape in Tech The Ola Electric-MapMyIndia dispute highlights the critical role of reverse engineering clauses in tech agreements. These provisions protect intellectual property by prohibiting a

0 replies4 likes

Saksham

Stealth • 6m

After my yesterday's post on Agreements and Contract, people asked me if I am doing an agreement where money is not involved and the transaction is in kind, is it valid? The answer is no. In India, only the agreement which has a monetary value atta

0 replies2 likes

Saksham

Stealth • 5m

Understanding the Parol Evidence Rule in Indian Contract Law The Supreme Court judgment in Mangala Waman Karandikar vs. Prakash Damodar Ranade highlights the importance of the Parol Evidence Rule in contract interpretation. Here's what you need to k

0 replies6 likes

Pranjal Pandey
•

CompSci • 8m

(3/3) 8. Compliance with Company Law : Comply with the provisions of the Companies Act, including holding annual general meetings, maintaining statutory registers, and filing annual returns with the Registrar of Companies. 9. Contractual Agreements

0 replies8 likes

Vishnu kumaran

Stealth • 1m

Things that you should give a serious focus on your Hero section of your website as a founder. √ Clear Message: Ensure visitors immediately understand what your business offers. Confusing messages make people leave. √ Strong CTA: A well-placed, cl

9 replies14 likes

Saksham

Stealth • 7m

Why hiring a right legal counsel for your business is important!! I was inactive on Medial for a few days! Was busy closing a fund raise for a client with a top PE fund. This particular deal made me believe it more that why you must choose a right

2 replies6 likes

Payal Manghnani

Stealth • 1m

What should be the second section of this design?

2 replies5 likes

Shuvodip Ray
•

YouTube • 8m

App Idea 💡: As u know that our constitution is very complex. So there will be an app where everyday an article will be added to be discussed. Relevant cases from different court trials will be added. A short summary. Later, we can add a section f

11 replies5 likes

Top Users