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Common legal mistakes to avoid when forming a startup

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Starting a business is exhilarating since you plan and strategise your business ideas to build your business from scratch. However, many businesses tend to face failure because of flaws in business ideas and ignorance of the essential legal principles of starting up. Simple mistakes made from the outset of business creation may cause grave problems in the future. Getting proper legal consultation online at the right time can save money, time, and stress.   6 Common Legal Mistakes to Avoid When Forming a Startup Here are the most common mistakes to avoid when starting your business: 1.     Selecting The Incorrect Business Structure   Many entrepreneurs bring their businesses into existence but fail to realise the dissimilarity between a sole proprietorship, a partnership, an LLP, or a private limited company. Each of these business entities has its own specific business structure, including tax implications, corporate regulations, or liabilities. ...
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What is misrepresentation in contract law?

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Contracts rely heavily on trust. If one party to an agreement engages in fraudulent or deceptive behaviour, there’s a breach of trust. This is called misrepresentation. In the contract law of India , misrepresentation can render a contract voidable and entitle the other party to certain remedies. Let’s simplify this. Understanding Misrepresentation in Contract Law In contract law, misrepresentation is the false statement of facts purported by one party to another before or at the time of making the contract. The false statement causes the second party to enter into the contract. The important part is about the influence. If the false statement had a bearing on your decision to enter into a contract, it is a misrepresentation in Indian law. Categories of Misrepresentation in Indian Contract Law The different types of misrepresentation identified by the contract law of India include: ●        Innocent Misrepresentation: In case a person makes...
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Location: Esplanade Mansion, Marx Engels Beethi Rd, Chowringhee North, Bow Barracks, Kolkata, West Bengal 700069, India
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How to Choose the Right Business Structure: Sole Proprietorship vs LLP vs Private Limited

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Choosing an appropriate business structure can perhaps be one of the most important legal decisions to be made by an entrepreneur. Common constituents include Sole Proprietorship, LLP, and Private Limited Company. Each structure provides variable implications in the area of liability, taxation, compliance, and ownership. The size of the business, risk appetite, and long-term growth objectives may vary depending on the optimal structure, in terms of the principles of corporate governance and the interpretation of regulations applied in practice by corporate lawyers in India .   1.    Sole Proprietorship   A Sole Proprietorship is the most straightforward structure one can set up. The business belongs to and is run by one person. The business itself does not have a legal identity separate from the owner.   ●       Legal Status: The owner and the business are considered one and the same legal entity. All the assets and liabil...
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Location: Action Area III, Chotto Chandpur, Newtown, New Town, West Bengal, India
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Visitation Rights of NRI Parents in India

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When one parent is an NRI (Non-Resident Indian), it becomes emotionally and legally complicated for them to keep a positive bond with their child. Indian Law states that one of the child’s parent’s rights is to be loved and cared for by both parents, even if one is living abroad. When an Indian attorney is handling cross-border family disputes, he will emphasise that just because one parent is overseas, that will not lessen their right to visitation. Indian law dictates that with respect to visitation, the determining factor is the child’s best interests, not the parents. While the distance may modify the nature of the visits that can be arranged, it does not eliminate the right to access the child.   Legal Basis for Visitation Rights   In India, various personal and statutory laws govern visitation rights, such as:   ●        The Guardians and Wards Act, 1890 ●        The Hindu Minority and Guardia...
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Location: Esplanade Mansion, Marx Engels Beethi Rd, Chowringhee North, Bow Barracks, Kolkata, West Bengal 700069, India
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Legal Remedies for Financial Loss Due to Online Fraud

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The more digital banking and shopping options become available, the more online fraud plagues the Indian marketplace. Online Banking Fraud, as it is known, can lose customers’ money as a result of phishing, identity theft, fraudulent purchases and investments, and unauthorised UPI and card transactions. Indian cyber fraud law provides Online Banking Fraud victims with a variety of legal remedies, including a criminal remedy, a regulatory remedy, and a civil remedy. Cyber lawyers help the victims understand the legal justice system and the remedies available. Understanding Online Financial Fraud Online financial fraud is any deliberate act to defraud an individual through digital means, resulting in financial loss. The following are common forms of online financial fraud: ●        Social engineering via messages or emails ●        Bank phishing or e-banking fraud schemes or apps ●        ...
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Location: Esplanade Mansion, Marx Engels Beethi Rd, Chowringhee North, Bow Barracks, Kolkata, West Bengal 700069, India
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