The Indian economy has been one of the world’s most stable economies in recent years and has been home to a large number of entrepreneurs who have competent legal/commercial law advice available to them with. This can help to improve the entity/practice/compliance structure in a positive way. Commercial Law focuses primarily on providing guidelines for the sale and purchase of products. It significantly influences business organizations. Many businesses have been involved in legal battles that revolve around violations of essential elements of commercial law.
We at IP and Legal Filings (IPLF) and Khurana & Khurana (K&K) ensure that the business needs of our clients are addressed in the best possible way in strict compliance with relevant regulations through our commercial law advisory services.
Our Services Include:
- Advisory on issues related to Intellectual Property Rights.
- Advisory on technology licensing (Commercialization).
- Advisory on establishing a new business and engaging in contracts, agreements that have varied requirements and purposes such as Joint Venture Agreements, Distribution Agreements, Employment Agreements, Confidentiality Agreement, Vendor Agreement, etc.
- Advisory on mergers and acquisitions.
- Advisory on any other issue related to Commercial Law.
To develop a deep understanding of requirements, expectations, and desired results, our attorneys schedule detailed discussions with clients.
Our Attorneys/Consultants then evaluate the facts and instant situation on the basis of the discussion(s) listed above.
The Attorneys advise and give an opinion on the next steps to achieve the desired result on the contentious or contractual issue, based on an in-depth analysis.
- Specific documentation with regards to the service
1. What are typical Licensing Terms?
Licensing strategies differ from invention to invention. A simple new scientific method, for instance, which is expected to be widely used, is usually licensed on a non-exclusive basis. An invention requiring a significant investment of resources by a company, on the other hand, is usually licensed on an exclusive basis. The exclusive license acts as an incentive for the licensee to make risky investments needed for product development. For a startup company, licensing terms may be different from those for established corporations.
2. What is bankruptcy?
A legal way to seek creditors’ relief is bankruptcy. When he or she owes creditors more than he or she has the capacity to pay, a debtor also files for bankruptcy protection.
3. Are IP rights territorial in nature?
IP rights are territorial in nature. It implies that only in India is an Indian registration valid. For the protection of intellectual property in every other jurisdiction, protection under the applicable law must be obtained separately.
4. What is a secured transaction?
Most lenders need a security interest until a loan is extended. A secured transaction happens when a collateral property interest is conveyed by the borrower to secure a loan. The lender can take possession of the specified property if the borrower defaults on the loan.
5. What is a negotiable instrument?
An unconditioned, signed writing that represents money that is to be transferred to another is a negotiable instrument. Examples of negotiable instruments are checks, certificates of deposit and promissory notes.
6. What is a licensing agreement?
A license agreement is a document executed by two or more parties that illustrates the terms and conditions of such a contractual license.