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Frequently asked Questions
A legally binding contract under the Indian Contract Act, 1872, outlining terms for parties to collaborate on a specific project or business objective.
It defines roles, profit-sharing and governance, reducing disputes, protecting IP and ensuring compliance for successful collaboration.
Ownership, roles, profit-sharing, IP protection, governance, arbitration clauses and exit strategies, per Contract Act standards.
Yes, when stamped per the Stamp Act, 1899, it’s enforceable under the Contract Act, 1872.
Yes, stamp duty under the Stamp Act, 1899, varies by state, ensuring evidentiary value and enforceability.
IP clauses safeguard trademarks, patents or proprietary data, per Trade Marks Act, 1999, during collaboration.
Breaches may lead to arbitration (per Arbitration Act, 1996) or legal action, with remedies like damages or injunctions, if enforceable.
Yes, e-signing is valid under the IT Act, 2000, with stamp duty compliance.
We craft sector-specific agreements with IP, governance and arbitration clauses, compliant with Contract Act and Companies Act standards.
It ensures clarity, compliance and protection, reducing risks compared to generic templates, enhancing collaboration.
It enables access to new markets or customers through partners’ networks, per Contract Act standards.
Yes, with mutual consent and Novam Legal’s support, amendments comply with the Indian Contract Act, 1872.
