Employment Agreement

Employment Agreement

A employment agreement is beneficial to both the employee and the employer. It spells out the rights and obligations of each party, protects the job security of the employee and protects the employer from certain risks such as the release of confidential employer information after the term of employment ends. Some jurisdictions require employment contracts for certain positions. What are all the important clause under the employment agreement-

  • Term
  • Termination
  • Non-competition Covenants
  • Duties
  • Dispute Resolution

Advantage of Employment agreement-
1. Minimal Liability
2. Gives assurance
Details required:-
1. Name of the employee/employer
2. Designation of the employee
3. Terms and conditions of the company (If any)
How to Regalwhiz helps you?
Regalwhiz helps you out in getting the draft of employment agreement with our in house legal team.

Partnership Deed

Everything matters, Legally bounded

Partnership Deed

What is partnership deed?
A partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business operation.
It has the force of law and is designed to guide the partners in the conduct of the business. It is helpful in preventing disputes and disagreements over the role of each partner in the business and the benefits which are due to them.
Content of partnership deed
1. The name of the firm
2. Names and addresses of the partners
3. Nature of business
4. Date of commencement
5. Duration/Period
6. The amount of capital to be brought in by each partner
7. The amount of drawings that may be permitted in anticipation of profits and the manner of withdrawal.
Minimum requisites of numbers:-
There should be minimum of 2 members
Usage of Partnership Deed:
1. This Partnership Agreement can be used by Partners.
2. Indicates the terms on which the business corporation is founded.
3. When they wish to form a partnership for purpose of doing business together.
4. Prevent in case future disputes prove difficult to arbitrate.
5. Promote mutual understanding.
6. Avoid mistrust.
How a partnership deed should be executed?
The partnership agreement must be printed on a Non-Judicial Stamp Paper.
Have value of Rs.100/- or more.
The partnership agreement is usually signed in the presence of all the partners.
Each of the partners would retain a signed original for his/her records.

Consultancy Agreement

Take the lead of best consultant

Consultancy Agreement

Introduction about consultancy agreement-
A consultancy agreement is basically known as a consulting contract, or consulting services agreement which is been establishes the rights and obligations between you and the consultant. The consultant may also be an individual or a company It will outsource the obligations and expectations of both parties. Moreover, this acts to minimise the potential and risk of disputes in the future.

Consultancy agreement includes:-

  • Name
  • Services
  • Definition of clients responsibilities
  • Commencement of the services
  • About the payment of the consultants

Advantages of hiring a consultancy:-
1. Specialised knowledge
2. Cost savings
3. Flexibility

Non-disclosure Agreement

Take the lead of our best consultant

Non-disclosure Agreement

What is Non-disclosure agreement?
Non-disclosure agreement is basically known as NDA, which is an written contract between two parties (people or organisation) that prohibits the sharing of confidential information shared between the both the ends.
Basically Non-disclosure agreement has other names such as Confidential Agreement (CA), Confidential Disclosure Agreement (CDA), Secrecy Agreement (SA), Proprietary Information Agreement (PIA)

Why is non-disclosure agreement important?
In India, a non-disclosure agreement is governed by the Indian Contract Act, 1872.
For the validity and enforceability of the NDA, which are to be stamped.
NDAs are often entered upon so that it can help in protecting the intellectual property rights like databases, client lists, proprietary information, sensitive business-related information of a person or business. It helps the parties to understand their duties and privileges better by writing down their Non-Disclosure Agreement.
Types of Non-disclosure Agreements
Generally, there are three types of NDAs:
Unilateral NDA
Bilateral NDA
Multilateral NDA

Privacy Policy Agreement

Take the lead of our best consultant

Privacy Policy Agreement

Definition of privacy policy?
A privacy policy agreement is a legal document that says what a business does or doesn’t do with the personal data collected from users.
The main points in Privacy policy:-
1. Notice
2. Choice
3. Access
4. Security
Who needs a Privacy Policy?
Any entity (company or individual) that collects or uses personal information from users will need a Privacy Policy.

Information we need:-
We may collect the following information:

  • name and job title
  • contact information including email address
  • demographic information such as postcode, preferences and interests
  • other information relevant to customer surveys and/or offers

SLA Drafting

SLA Drafting

What is SLA agreement?
A service-level agreement (SLA) defines the level of service expected by a customer from a supplier, laying out the metrics by which that service is measured, and the remedies or penalties, if any, should the agreed-on service levels not be achieved.
Usually, SLAs are between companies and external suppliers, but they may also be between two departments within a company.
Why do we need SLA agreement?
SLAs are an essential piece of an IT vendor contract. A SLA arranges data on the entirety of the contracted administrations and their settled upon anticipated unwavering quality into a solitary report. They plainly state measurements, duties and desires so that, in case of issues with the administration, neither one of the parties can argue obliviousness. It guarantees the two sides have a similar comprehension of prerequisites.
Any critical agreement without a related SLA (investigated by lawful guidance) is available to ponder or incidental distortion. The SLA secures the two gatherings in the understanding.

Freelancer Agreement

Freelancer Agreement

About freelancer?
A freelance contract is a document that explains the relationship between a
contractor and the company that is hiring them. It sets clear expectations between the two parties for a specific project over a set period of time. This type of document is legally binding and ensures that everyone working on a given task is on the same page in terms of service guidelines.
Freelancer agreement is also known as Client/Service Freelancer Agreement, Company Contractor Agreement, Contractor Agreement, Freelancer Agreement, Freelancer Contractor Agreement, Independent Consultant Agreement, Independent Contractor Agreement

What do we need for a freelancer agreement?
We may require-

  • The names of those involved in the project
  • Details about the services delivered and the expectations for both parties
  • Specific dates for the work
  • Terms of payment
  • Legal clarification of the contractor’s role

Founder Agreement

Founder Agreement

A founders agreement is a document, involving a company with two or
more founders, specifying the details of the development of the company, such as the share of ownership and guaranteed obligations of the different founders.

Documents required:-

  • Name of all co-founders.
  • Address details of the co-founders
  • Witnesses
  • Compensation (salary drawn by each of the co-founders)
  • Details of exit formality for founders

Dissolution of the firm
Details of dispute resolution
Miscellaneous provisions (assignment of intellectual property rights, non-compete clauses, etc.,)
The number of equity shares of each co-founder.
The overall percentage of shares of each co-founder.
A clear objective of the company.

Master Service Agreement

Client focused, Result driven

Master Service Agreement

Many Companies may engage with a partnership repeatedly. For example, a company may provide a customer with computer hardware and later provide software support. Thereafter, it may conduct a project to replace the client’s old information technology system. While the service specifics may change, the service guarantees usually remain the same. Instead of documenting the service guarantees in each and every contract, a master service agreement allows a company to cover multiple contracts.
A master service agreement is a contractual document that specifies performance objectives and outlines the responsibilities of both parties. It also lists the current and prospective services to which the agreement applies. MSAs typically state performance objectives as service level agreements — written, measurable process or service performance targets that the service provider and customer agree on.
MSAs help companies manage customer expectations, clarify the roles and
responsibilities of both parties, improve service delivery and build rapport.

What is important clause in MSA?

  • Business ethics
  • Corporate social responsibility
  • Dispute resolution
  • Geographic location
  • Intellectual property ownership
  • Family access
  • Network access
  • Product warranties
  • Payment terms
  • Venue of law

Freelancer Agreement

Founder Agreement

A founders agreement is a document, involving a company with two or
more founders, specifying the details of the development of the company, such as the share of ownership and guaranteed obligations of the different founders.

Documents required:-

  • Name of all co-founders.
  • Address details of the co-founders
  • Witnesses
  • Compensation (salary drawn by each of the co-founders)
  • Details of exit formality for founders

Dissolution of the firm
Details of dispute resolution
Miscellaneous provisions (assignment of intellectual property rights, non-compete clauses, etc.,)
The number of equity shares of each co-founder.
The overall percentage of shares of each co-founder.
A clear objective of the company.