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Importance of Section 202 Of the Indian Contract Act

Section 202 in The Indian Contract Act, 1872 202. Termination of agency, where agent has an interest in subject-matter.—Where the agent has himself an interest in the property which forms the subject-matter of the agency, the agency cannot, in the absence of an express contract, be terminated to the prejudice of such interest. —Where the agent has himself an interest in the property which forms the subject-matter of the agency, the agency cannot, in the absence of an express contract, be terminated to the prejudice of such interest." Illustrations
(a) A gives authority to B to sell A’s land, and to pay himself, out of the proceeds, the debts due to him from A. A cannot revoke this authority, nor can it be terminated by his insanity or death. (a) A gives authority to B to sell A’s land, and to pay himself, out of the proceeds, the debts due to him from A. A cannot revoke this authority, nor can it be terminated by his insanity or death." (b) A consigns 1,000 bales of cotton to…
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Whether Cryptocurrency is legal in India

India’s cryptocurrency trading volumes have been on the rise. While there are no official figures, as  per experts there are at least five million active traders in India, transacting via regulated banking channels. With India’s leading cryptocurrency exchanges such as Zebpay, Unocoin, Coinsecure, Coinome and Bitxoxo among others reporting a marked increase in user interest every day the question is gaining lot of momentum if the cryptocurrency is legal in India or not. The situation further becomes complex with the global situation with respect to it. While China has blocked crypto exchanges, U.S. banks are steadily declining cryptocurrency purchases. Meanwhile, Indian finance minister Arun Jaitley, during the national finance budget, stated that the country does not recognize Bitcoin as legal tender and steps would be taken to penalize crypto payments.
What  are the official communications and stand of RBI ( Reserve Bank of India) on Cryptocurrency As on date no specific framework …

Signing an NDA !

The moment you wish to pursue a serious business relationship you are requested to sign a Non Disclosure Agreement more commonly known as an ‘NDA’. It is also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement (SA). In fact it is one of the most common pieces of document that you may come across in your business transactions.  Be it as an employee, an investor, a start-up founder, or a professional an NDA is the starting point of sharing substantial information in a business relation. In today’s world of complex transactions it becomes all more important to keep a tab on the rights you hold over the information that you share. With the advent of superior analytics and technology data has become the new gold and so is the value and liability with respect to it. Most common kind of information that people intend to secure in any such NDA is the client or customer data etc. What is an NDA? It is…

Difference between Non- Solicitation and Non-Compete Clauses

With expansion of technology as well as diversification of business transaction(s), the competition has also increased and so has the consideration of terms of agreements for keeping the business interests of parties secured.

Typically, non-solicitation and non-competition (or non-compete) clauses are found in employment and staffing agreements.However they are gaining relevancy in diversified transactions. Majority of the times (but not necessarily) they are specified under one or succeeding sections.

Both terms altogether have different applicability. The difference between both lies in the scope of what they prohibit or restrict.

While a non-solicit restricts, restrains or prohibits the employee or vendor or a obligated contracting party (in a transaction) from contacting whether directly or indirectly the employer or other party’s past, present (or sometimes prospective) customers, vendors, clients or employees as is specified in the non-solicitation clause.

A non-compete on th…

Aadhar: Good, Bad And Ugly

Before I begin I would like to quote current Attorney General of India
“The invasion of privacy is of no consequence because privacy is not a fundamental right and has no meaning under Article 21. The right to privacy is not a guaranteed under the constitution, because privacy is not a fundamental right.”
Article 21 of the Indian constitution refers to the right to life and liberty -Attorney General Mukul Rohatgi
What is Aadhar ?

From food rations to marriage certificates, entrance exams to train ticket concessions, mobile phone cards to banking, Indians are now being asked to produce a 12-digit Aadhaar number to access both government and private sector services.




This number is connected to their fingerprint and iris scans that are stored in a centralised database. As of September 2016, this database held the demographic and biometric information of more than 105 crore people – more than 80% of India’s population, and three times the population of the United States.

‘The Unique Iden…

Starting with a Start-up

‘Start-up’ is a term that draws excitement in itself. Many of us crave to create next Alibaba, Facebook or Whatsapp etc. Deep down we all have some unique ideas that we consider if evolved efficiently and with dedication definitely can change the way some business is done and make us successful. In our office lunch breaks, in coffee shops or in some leisure times, at some point of time we would have discussed such billion dollar ideas with our friends , colleagues in whom we see our potential team mates. But one major question is can almost anybody set up a start-up?

Answer is yes, but difficulty is in setting up a successful start-up.

If you think that conceptualising an idea is the biggest task, let me tell you, if not millions, few thousands out there carry exactly the same idea as you do. Even otherwise the day you enter the market, you will have competitors within few months or at best in a year or so. What it means is that uniqueness of your idea doesn’t make you a winner. So…

Top legal issues related to use of social media-internet

The trends and facts As per a report published in Tech Crunch India Will Have 500 Million Internet Users By 2017. Going by the statistics of various social media platforms like Facebook, Twitter, Linkedin and Pinterest etc. legal exposure seems to increase every second for internet users. The infographic below covers all the latest Social Media facts, figures, numbers and statistics of 2014. Some of the mind-blowing facts are mentioned here: 1) Global Active Internet Users now totals 3.175 Billion, that’s nearly half of the world’s population (7.357 Billion). 2) As for Social Media, there are over 2.206 Billion active users, a global penetration of 30%. 3) There are 3.734 Billion Unique Mobile Users as of this quarter, accounting for a 51% worldwide penetration. 4) 1.925 Billion users utilise their mobiles for Social Media platforms. 5) Social Media users have risen by 176 Million in the last year. 6) 365 Million active mobile social users have been added over the same time span, an i…