Articles of Incorporation: Meaning, Documents Required and Importance
Articles of incorporation are a series of official documents submitted to a government entity that legally establish the formation of a corporation. Articles of incorporation often include information, such as the company’s name, street location, agent for service of process, and the amount and kind of stock to be issued. The articles of incorporation serve to incorporate the corporation legally. They contain all of the information the state needs to establish the new business, hence articles of incorporation are considered very essential and fundamental to the business. Information regarding registered corporations is public information; hence, the data provided in the articles of incorporation constitutes the basis of that public record....
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Rental Agreements : Meaning, Importance, Procedure and Documents
Rental Agreement is a legal document that details the rights and responsibilities between two parties to the agreement. It is a very important document and needs to be signed by both parties; i.e., the Landlord and the Tenant. Thus, the parties to the Rental agreement are the property owner renting out their property; the Landlord, and the one who is residing or staying in the rented property until the agreement’s expiration; the Tenant. A Rental Agreement contains all of the important details regarding the residential property, the renter, the property owner, the lease duration, and the rent amount for the specified term....
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Contract of Agency : Meaning, Characteristics, Methods and Types
An Agency agreement establishes the legal relationship between the agent and its principal. It ensures that both parties understand their roles and responsibilities in a contract, which helps to create mutual awareness that the agent shall bind the principal for his acts done within his ambit of authority. The Contract of Agency also establishes the rights and obligations of an agent in a contract of agency, and it also defines the circumstances under which the agent shall be personally liable for his acts on behalf of the principal along with the legal position of the agent, the principal and any other third parties involved....
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Trademarks Act, 1999: Meaning, Features, Needs and Objectives
A Trademark is a distinctive symbol, word, phrase, or logo that identifies and distinguishes goods or services of a particular source from that of others. It serves as a unique identifier, establishing brand recognition and fostering consumer trust. The primary purpose of a trademark is to protect the intellectual property of businesses, preventing others from using similar marks that could confuse consumers....
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Difference between Mediation and Arbitration
Mediation and Arbitration are two common methods used to resolve disputes outside of court. In mediation, a neutral third party helps the conflicting parties communicate and find a solution themselves. Arbitration, on the other hand, involves a neutral arbitrator who listens to both sides and makes a final and binding decision....
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Difference Between Summon and Warrant
In simple terms, a “summon” is an official notice to appear in court, usually issued to individuals involved in legal proceedings as witnesses or defendants. It’s like an invitation that requires compliance. On the other hand, a “warrant” is a legal document issued by a judge or magistrate authorizing law enforcement to take a specific action, typically an arrest or search. It’s more like an order for law enforcement to do something, often related to apprehending someone suspected of a crime or searching a particular place....
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Fraud: Meaning, Cases and Effects
Fraud means deceiving one of the parties to the contract deliberately by making false statements and claims. Under fraud, one party, having full knowledge, misrepresents the other party by stating facts and figures that are not true or by making claims recklessly without checking for trueness; which affects the free consent of the other party. Fraud is done when one of the parties convinces another to enter into an agreement by making untrue statements and suggesting a fact that is not true, even when the other party does not believe it to be true....
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Difference between Condition and Warranty
In the new-age economy, trade, and commerce are increasing extensively, and people are buying products and services. The Sale of Goods Act 1930 governs the sale of all products and services in India. Earlier, these provisions were covered by the Indian Contract Act 1872, but to provide a separate framework, a separate act was required. The Sale of Goods Act 1930 covered some important elements of the Indian Contract Act 1872 to provide a separate act to give a framework to cover the ambit of a sales contract. Conditions and warranties are the rights and remedies available in case of a breach or case of any damage to a contract of sale. The Sale of Goods Act 1930 discusses the provisions of conditions and warranties in contracts concerning the sale of goods....
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Extent of Agent’s Authority: Indian Contract Act
The legal connection between the agent and its principal is established by an agency agreement. It serves to foster mutual knowledge that the agent shall bind the principal for his activities done within his area of power by ensuring that both parties understand their roles and duties in a contract. Along with outlining the legal positions of the agent, the principal, and any other parties involved, the contract of agency also defines the rights and obligations of an agent in a contract of agency and the situations in which the agent will be held personally accountable for his actions on behalf of the principal....
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CEDAW: Full form, Provisions, Challenges and Criticism
The CEDAW is an important treaty adopted by the UN General Assembly in 1979; thereby, it has emerged as a milestone among all international agreements. Nowadays, CEDAW is known and supported by many countries, that were not developing before, and even in the developed world, the US is the main exception that has not signed the treaty yet. This article provides an overview of the most important aspect of the CEDAW, its implementation, and enforcement in the US context, where the obstacles come from, and its effect on the US society as well as prospects....
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List of 10 Most Famous Lawyers in USA
In the United States, many renowned lawyers have made significant contributions to the legal field. These lawyers have gained fame for their exceptional skills, landmark cases, and dedication to justice. Among them, some stand out prominently for their influence and impact. The legal field in America is changing all the time, and not only lawyers are important but also legal professionals who are respected for their unprecedented legal decisions. The United States is no exception; it produced a remarkable number of legal minds that were critical in both the development and consolidation of jurisprudence and important legal decisions. The book’s imminent publication features the biographies of the most considerable of all the reputable lawyers of all time. It discusses their personal lives and careers with a thorough analysis of the cases that are seen as the most influential in the nation’s legal history....
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Arbitral Tribunal: Appointment, Composition, Jurisdiction and FAQs
An Arbitral Tribunal, often simply referred to as a tribunal, is a neutral and independent body that is established to resolve disputes outside of traditional court systems through arbitration. Arbitration is an alternative dispute resolution (ADR) method where parties agree to have their dispute settled by one or more arbitrators instead of going to court. Arbitration is like a private court system. It’s a way for pеoplе to solve disagrееmеnts without going to a rеgular court. Thе peoplе who arе having thе disagrееmеnt choosе a nеutral pеrson or group, callеd an Arbitral Tribunal, to listеn to both sidеs and makе a dеcision....
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