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Frequently asked Questions
A legally binding contract under the Indian Contract Act, 1872, outlining terms for a vendor to supply goods or services to a business.
It clarifies scope, payments and IP protection, reducing disputes and ensuring compliance for efficient operations.
Scope of work, payment terms, confidentiality, IP protection, arbitration clauses and termination terms, 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 proprietary data or trademarks, per Trade Marks Act, 1999, during vendor engagements.
Breaches may lead to arbitration (per Arbitration Act, 1996) or legal action, with remedies like damages or injunctions.
Yes, stamp duty under the Stamp Act, 1899, varies by state, ensuring evidentiary value and enforceability.
Yes, e-signing is valid under the IT Act, 2000, with stamp duty compliance.
We craft sector-specific agreements with scope, IP and arbitration clauses, compliant with Contract Act and Sale of Goods Act standards.
It ensures clarity, compliance and protection, reducing risks compared to generic templates, enhancing vendor relationships.
It streamlines coordination, clarifies costs and protects against breaches, per Contract Act standards.
Yes, with mutual consent and Novam Legal’s support, amendments comply with the Indian Contract Act, 1872.
