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Contact information for both partiesDescription of service and scope of workCompliance and insurance requirementsPayment termsConfidentiality agreementsIndemnificationWarrantyDefault termsRemedies and dispute resolution Format for Business Services Agreement Download Word DocDRAFT OF BUSINESS SERVICE AGREEMENTAGREEMENT made at..........this day of 20BETWEENsituated at----------------- (hereinafter referred to as "the Centre") of the One Part ANDaCompany incorporated under and having its corporate / registered office at a Company hereinafter called "the Client") (which expression should include its successors and assigns) of the Other Part;AND WHEREAS the Centre is a member of Society, having its registeredaddress atand hereinafter referred to as the "said Society" and is in possession, use and occupation of the premises , hereinafter referred to as the "said Premises".
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AND WHEREAS the Centre is a member of Society, having its registeredaddress atand hereinafter referred to as the "said Society" and is in possession, use and occupation of the premises , hereinafter referred to as the "said Premises".AND WHEREAS the Centre is carrying on the business of providing office services in the name and style of ------------------- at the said premisesand for that purposehas made arrangements to render office facilities and services to persons who require such facilities for their business temporarily and on contract;AND WHEREAS the client is carrying on the business of and is desirous of availing certain office facilities to enable it to more conveniently carry on it's said business.AND WHEREAS the Client has requested the Centre to grant to the Client such facilities;AND WHEREAS Centre has agreed to grant the same on the terms and conditions mutually agreed upon;
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AND WHEREAS the Client has requested the Centre to grant to the Client such facilities;AND WHEREAS Centre has agreed to grant the same on the terms and conditions mutually agreed upon;AND WHEREAS the parties hereto are desirous of recording the said terms and conditions. NOW THIS AGREEMENT WITNESSETH AS UNDER:The Centre hereby agrees to grant to the Client certain office facilities in the said premises as set out herein to more conveniently carry on its said business in the name and style of ----------and as incidental to such office services the Centre has permitted the Client to useuntil otherwise decided, a portion of the said premises and also to make available other ancillary office facilities, amenities, conveniences and services therein.The Centre has agreed to render the following services to the Client:
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until otherwise decided, a portion of the said premises and also to make available other ancillary office facilities, amenities, conveniences and services therein.The Centre has agreed to render the following services to the Client:to occupy and use a portion of the Business Centre at the said premises for itself, its bonafide employees and visitors, for the purpose of carrying on the client's said businessto use furniture, fixtures and fittings provided in the said Centre.to avail of a peon's facility as may be reasonably required to attend to the needs of the Client,to avail the use of three telephone connections (two local and one with ISD facilities) in the Centreto avail the use of air-conditioner in the Centre.Any further facilities which Centre at its discretion considers it necessary to provide to the Client.
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to avail the use of air-conditioner in the Centre.Any further facilities which Centre at its discretion considers it necessary to provide to the Client.It is hereby expressly agreed and declared that save as otherwise herein expressly provided, the office services to be provided under this agreement, the Centre may at it's sole discretion permit it's other clients to avail of or share in common any of the said office services hereby agreed to be provided.The Client further agrees and undertakes:
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It is hereby expressly agreed and declared that save as otherwise herein expressly provided, the office services to be provided under this agreement, the Centre may at it's sole discretion permit it's other clients to avail of or share in common any of the said office services hereby agreed to be provided.The Client further agrees and undertakes:to take all reasonable and good care of the said Centre and furniture, fixtures and fittings therein as per separate list prepared and signed by the Centre and the Client) therein and not to cause any damage thereto or to any part thereof. To keep and maintain the fixtures and fittings in good order and condition, reasonable wear and tear or an act of God or for the reasons beyond the Control of the Client being excepted. In the event of any damage thereto or destruction thereof, save for reasons excepted as aforesaid,the Client shall at its own cost and expense immediately repair and/or replace the same or at the option of the Centre, the client pay the cost of such repair or replacement that may be carried out by the Centre.
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The Client further agrees and undertakes:to take all reasonable and good care of the said Centre and furniture, fixtures and fittings therein as per separate list prepared and signed by the Centre and the Client) therein and not to cause any damage thereto or to any part thereof. To keep and maintain the fixtures and fittings in good order and condition, reasonable wear and tear or an act of God or for the reasons beyond the Control of the Client being excepted. In the event of any damage thereto or destruction thereof, save for reasons excepted as aforesaid,the Client shall at its own cost and expense immediately repair and/or replace the same or at the option of the Centre, the client pay the cost of such repair or replacement that may be carried out by the Centre.to bring into the said Centre only office records and documents etc. but in any event no hazardous and inflammable items or things shall be brought into the office by the Client.
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to take all reasonable and good care of the said Centre and furniture, fixtures and fittings therein as per separate list prepared and signed by the Centre and the Client) therein and not to cause any damage thereto or to any part thereof. To keep and maintain the fixtures and fittings in good order and condition, reasonable wear and tear or an act of God or for the reasons beyond the Control of the Client being excepted. In the event of any damage thereto or destruction thereof, save for reasons excepted as aforesaid,the Client shall at its own cost and expense immediately repair and/or replace the same or at the option of the Centre, the client pay the cost of such repair or replacement that may be carried out by the Centre.to bring into the said Centre only office records and documents etc. but in any event no hazardous and inflammable items or things shall be brought into the office by the Client.to use the said Centre only for commercial purpose as an office and in a lawful manner and in any event not to make any illegal use of the same and not to cause any disturbance, nuisance or annoyance to others in the said Centre.
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to bring into the said Centre only office records and documents etc. but in any event no hazardous and inflammable items or things shall be brought into the office by the Client.to use the said Centre only for commercial purpose as an office and in a lawful manner and in any event not to make any illegal use of the same and not to cause any disturbance, nuisance or annoyance to others in the said Centre.In the event of the Client making use of the aforesaid facilities for any purpose other than confide commercial office purposes and the same resulting in any civil or criminal action, the Client shall keep Centre fully indemnified of and from and against all arise there from.not to allow or permit any outsiders to use the premises or any part thereof.to remove all their articles, belongings and things lying in the said Centre on expiry of the term of the arrangement or in the event of prior termination, upon the date of termination.
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not to allow or permit any outsiders to use the premises or any part thereof.to remove all their articles, belongings and things lying in the said Centre on expiry of the term of the arrangement or in the event of prior termination, upon the date of termination.to observe and perform all the rules, regulations and bye-laws of the said Society wherein the center is situate, the client having made himself aware of all such rules, regulations and bye-laws and shall indemnify and keep indemnified the Centre against any loss or damage incurred by the Client for non-performance by the Client as aforesaid.Not to do or suffer to be done anything in or around the said premises which is or is likely to cause prejudice to the rights and entitlements of the Centre as the member of the Society.Not to make any structural or other alterations, modifications or additions in the saidpremises, except with the prior written consent of the Centre which shall not be unreasonably withheld.
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Not to make any structural or other alterations, modifications or additions in the saidpremises, except with the prior written consent of the Centre which shall not be unreasonably withheld.Not to alter or change the original colour on the outer or inner wall of the said premises, except with the written consent of the Centre.The Centre agrees to:keep the said Centre clean and tidy and provide electricity.Provide a common peon facility entirely at its own discretion as may reasonably be required to attend to the needs of the Client.Provide access to the NOC of the Centre's three telephone connections of which one shall have STD facility.It is mutually agreed between the parties hereto as follows:The term of this arrangement shall be for three months, commencing from the date of this agreement and the same shall be renewable for a further like terms, for a total period of....... commencing from the..... day of ......... and ending onProvided, however that the Centre
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It is mutually agreed between the parties hereto as follows:The term of this arrangement shall be for three months, commencing from the date of this agreement and the same shall be renewable for a further like terms, for a total period of....... commencing from the..... day of ......... and ending onProvided, however that the Centremay at it's absolute discretion and without assigning any reason in that behalf refuse to grant any removal.In consideration for the services to be rendered the Centre shall from time to time submit their Bill for quarterly Standard Services charges at the rate of Rs. /- (Rupees only) for the first four quarters, Rs.(Rupees only) for the next four quarters and Rs.(Rupeesonly) for the last four quarters. The Client shall also be liable to pay for the telephone rentals and the telephone calls made by the Client, electricity consumed by the Client and also other services specifically utilised by the Client on
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The term of this arrangement shall be for three months, commencing from the date of this agreement and the same shall be renewable for a further like terms, for a total period of....... commencing from the..... day of ......... and ending onProvided, however that the Centremay at it's absolute discretion and without assigning any reason in that behalf refuse to grant any removal.In consideration for the services to be rendered the Centre shall from time to time submit their Bill for quarterly Standard Services charges at the rate of Rs. /- (Rupees only) for the first four quarters, Rs.(Rupees only) for the next four quarters and Rs.(Rupeesonly) for the last four quarters. The Client shall also be liable to pay for the telephone rentals and the telephone calls made by the Client, electricity consumed by the Client and also other services specifically utilised by the Client onactual. These bills shall be paid by the Client within a week and in any event before demanding refund of the security deposit amount deposited by the Client with the Centre.
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may at it's absolute discretion and without assigning any reason in that behalf refuse to grant any removal.In consideration for the services to be rendered the Centre shall from time to time submit their Bill for quarterly Standard Services charges at the rate of Rs. /- (Rupees only) for the first four quarters, Rs.(Rupees only) for the next four quarters and Rs.(Rupeesonly) for the last four quarters. The Client shall also be liable to pay for the telephone rentals and the telephone calls made by the Client, electricity consumed by the Client and also other services specifically utilised by the Client onactual. These bills shall be paid by the Client within a week and in any event before demanding refund of the security deposit amount deposited by the Client with the Centre.
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In consideration for the services to be rendered the Centre shall from time to time submit their Bill for quarterly Standard Services charges at the rate of Rs. /- (Rupees only) for the first four quarters, Rs.(Rupees only) for the next four quarters and Rs.(Rupeesonly) for the last four quarters. The Client shall also be liable to pay for the telephone rentals and the telephone calls made by the Client, electricity consumed by the Client and also other services specifically utilised by the Client onactual. These bills shall be paid by the Client within a week and in any event before demanding refund of the security deposit amount deposited by the Client with the Centre.The arrangement herein is purely temporary and personal and not transferable under any circumstances and the Client shall not be entitled to assign or transfer the benefit of this arrangement to any other person/persons on any basis whatsoever.
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actual. These bills shall be paid by the Client within a week and in any event before demanding refund of the security deposit amount deposited by the Client with the Centre.The arrangement herein is purely temporary and personal and not transferable under any circumstances and the Client shall not be entitled to assign or transfer the benefit of this arrangement to any other person/persons on any basis whatsoever.No tenancy, leave and license or any other protected rights whatsoever permitting the Client or its employees to come upon and use the said premises or any part thereof is created or intended or sought to be created by these presents and the parties hereto shall not plead any oral variation to the provisions thereof. The variation if any hereto shall not be valid, binding upon or enforceable against the parties hereto unless the same are duly recorded in writing in the form of supplemental agreement signed by both the parties hereto.
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The arrangement herein is purely temporary and personal and not transferable under any circumstances and the Client shall not be entitled to assign or transfer the benefit of this arrangement to any other person/persons on any basis whatsoever.No tenancy, leave and license or any other protected rights whatsoever permitting the Client or its employees to come upon and use the said premises or any part thereof is created or intended or sought to be created by these presents and the parties hereto shall not plead any oral variation to the provisions thereof. The variation if any hereto shall not be valid, binding upon or enforceable against the parties hereto unless the same are duly recorded in writing in the form of supplemental agreement signed by both the parties hereto.The Client shall be allowed to display its name board outside the premises at the place allotted by the Centre.If the services charges/bills payable by the Client have been outstanding forfrom the
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The Client shall be allowed to display its name board outside the premises at the place allotted by the Centre.If the services charges/bills payable by the Client have been outstanding forfrom thedate of receipt of the bill, the arrangement herein shall not be extended and thereupon on expiry of the two weeks, the Centre shall be entitled to prevent access to the Client and its employees in to the said premises and every part thereof and allow the Client one day's time to remove its belongings. In the event of the Client refusing or neglecting to remove its belonging from the said premises, the Centre shall be entitled to open the premises or any part thereof allotted to the
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The Client shall be allowed to display its name board outside the premises at the place allotted by the Centre.If the services charges/bills payable by the Client have been outstanding forfrom thedate of receipt of the bill, the arrangement herein shall not be extended and thereupon on expiry of the two weeks, the Centre shall be entitled to prevent access to the Client and its employees in to the said premises and every part thereof and allow the Client one day's time to remove its belongings. In the event of the Client refusing or neglecting to remove its belonging from the said premises, the Centre shall be entitled to open the premises or any part thereof allotted to thesaid Client using the original key in their possession and in the presence of witness remove the articles and things therein after making a list thereof. It is expressly agreed that the Centre shall not render itself liable for any civil or criminal action by so doing. This authority retained by the Centre and expressly agreed to by the Client is irrevocable and constitutes the basis for this agreement and the Client shall not be entitled to dispute, challenge or call into question the
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If the services charges/bills payable by the Client have been outstanding forfrom thedate of receipt of the bill, the arrangement herein shall not be extended and thereupon on expiry of the two weeks, the Centre shall be entitled to prevent access to the Client and its employees in to the said premises and every part thereof and allow the Client one day's time to remove its belongings. In the event of the Client refusing or neglecting to remove its belonging from the said premises, the Centre shall be entitled to open the premises or any part thereof allotted to thesaid Client using the original key in their possession and in the presence of witness remove the articles and things therein after making a list thereof. It is expressly agreed that the Centre shall not render itself liable for any civil or criminal action by so doing. This authority retained by the Centre and expressly agreed to by the Client is irrevocable and constitutes the basis for this agreement and the Client shall not be entitled to dispute, challenge or call into question thevalidity or reasonableness of this provision.
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If the services charges/bills payable by the Client have been outstanding forfrom thedate of receipt of the bill, the arrangement herein shall not be extended and thereupon on expiry of the two weeks, the Centre shall be entitled to prevent access to the Client and its employees in to the said premises and every part thereof and allow the Client one day's time to remove its belongings. In the event of the Client refusing or neglecting to remove its belonging from the said premises, the Centre shall be entitled to open the premises or any part thereof allotted to thesaid Client using the original key in their possession and in the presence of witness remove the articles and things therein after making a list thereof. It is expressly agreed that the Centre shall not render itself liable for any civil or criminal action by so doing. This authority retained by the Centre and expressly agreed to by the Client is irrevocable and constitutes the basis for this agreement and the Client shall not be entitled to dispute, challenge or call into question thevalidity or reasonableness of this provision.
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date of receipt of the bill, the arrangement herein shall not be extended and thereupon on expiry of the two weeks, the Centre shall be entitled to prevent access to the Client and its employees in to the said premises and every part thereof and allow the Client one day's time to remove its belongings. In the event of the Client refusing or neglecting to remove its belonging from the said premises, the Centre shall be entitled to open the premises or any part thereof allotted to thesaid Client using the original key in their possession and in the presence of witness remove the articles and things therein after making a list thereof. It is expressly agreed that the Centre shall not render itself liable for any civil or criminal action by so doing. This authority retained by the Centre and expressly agreed to by the Client is irrevocable and constitutes the basis for this agreement and the Client shall not be entitled to dispute, challenge or call into question thevalidity or reasonableness of this provision.Any delay or indulgence by the Centre in enforcing the terms and conditions of this Agreement or any forbearance or giving of time to the Client shall not be construed as a waiver on the part of the Centre of any breach or non-observation and or non- compliance of any of the terms and conditions of this Agreement by the Client nor shall it in any manner prejudice the
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said Client using the original key in their possession and in the presence of witness remove the articles and things therein after making a list thereof. It is expressly agreed that the Centre shall not render itself liable for any civil or criminal action by so doing. This authority retained by the Centre and expressly agreed to by the Client is irrevocable and constitutes the basis for this agreement and the Client shall not be entitled to dispute, challenge or call into question thevalidity or reasonableness of this provision.Any delay or indulgence by the Centre in enforcing the terms and conditions of this Agreement or any forbearance or giving of time to the Client shall not be construed as a waiver on the part of the Centre of any breach or non-observation and or non- compliance of any of the terms and conditions of this Agreement by the Client nor shall it in any manner prejudice therights of the Centre against the Client.
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Any delay or indulgence by the Centre in enforcing the terms and conditions of this Agreement or any forbearance or giving of time to the Client shall not be construed as a waiver on the part of the Centre of any breach or non-observation and or non- compliance of any of the terms and conditions of this Agreement by the Client nor shall it in any manner prejudice therights of the Centre against the Client.All letters, receipts, notices or communications issued by the Centre or the Client anddispatched by Registered Post with Acknowledgement due or delivered by Hand Delivery to the address on the record of the other will be sufficient proof of receipt thereof by the other and shall be an effectual discharge on the part of the party forwarding the same and the same shall be deemed to have been received by the other party on the normal expiry period under post.The Centre shall not be responsible or liable for any:
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dispatched by Registered Post with Acknowledgement due or delivered by Hand Delivery to the address on the record of the other will be sufficient proof of receipt thereof by the other and shall be an effectual discharge on the part of the party forwarding the same and the same shall be deemed to have been received by the other party on the normal expiry period under post.The Centre shall not be responsible or liable for any:Theft, loss, damage or destruction of any property of the Client or any person living in or visiting the said premises or in the said building from any cause whatsoever.For any personal or other injury caused to the person for the time being in the said premises on any account.In the event of the Client committing any breach of the terms and conditions herein contained and failing withindays of the receipt of a notice in writing in that behalf given by the Centre
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For any personal or other injury caused to the person for the time being in the said premises on any account.In the event of the Client committing any breach of the terms and conditions herein contained and failing withindays of the receipt of a notice in writing in that behalf given by the Centreto remedy or make good such breach the Centre shall be entitled to forthwith revoke and or terminate the arrangement and/or the permission granted and in such an event the provisions of clause 5(g) of this Agreement shall apply mutatis mutandis.Each party shall bear and pay the fees of their respective legal representatives.As security for the due performance of the provisions hereof the Client shall deposit with Centre an interest free security deposit of a sum of Rs.-----/- (Rupees). The said interest free
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Each party shall bear and pay the fees of their respective legal representatives.As security for the due performance of the provisions hereof the Client shall deposit with Centre an interest free security deposit of a sum of Rs.-----/- (Rupees). The said interest freesecurity deposit, after deducting there from the amount of arrear or other dues if any from the Client shall be refunded by Centre to the Client without interest on the arrangement herein coming to an end, howsoever and when so ever, and upon the Client removing itself and all its belongings and things from the said premises.The Centre shall be at liberty to terminate this Agreement or any renewal thereof by giving the Client three months notice in writing stating therein its desire to do so and on the expiry of such notice, and on the client removing itself, it's employees and belongings from the said premises and otherwise performing it's obligation under this agreement the Centre shall refund to the
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As security for the due performance of the provisions hereof the Client shall deposit with Centre an interest free security deposit of a sum of Rs.-----/- (Rupees). The said interest freesecurity deposit, after deducting there from the amount of arrear or other dues if any from the Client shall be refunded by Centre to the Client without interest on the arrangement herein coming to an end, howsoever and when so ever, and upon the Client removing itself and all its belongings and things from the said premises.The Centre shall be at liberty to terminate this Agreement or any renewal thereof by giving the Client three months notice in writing stating therein its desire to do so and on the expiry of such notice, and on the client removing itself, it's employees and belongings from the said premises and otherwise performing it's obligation under this agreement the Centre shall refund to theClient the interest free security deposit amount as contained in clause 6.
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The Centre shall be at liberty to terminate this Agreement or any renewal thereof by giving the Client three months notice in writing stating therein its desire to do so and on the expiry of such notice, and on the client removing itself, it's employees and belongings from the said premises and otherwise performing it's obligation under this agreement the Centre shall refund to theClient the interest free security deposit amount as contained in clause 6.Upon the termination of this Agreement or sooner determination and upon the failure of the Client to remove itself, its employees and its belongings from the said premises. The Client shall be liable and hereby agrees to pay to the Centre liquidated damages of Rs.(Rupees only) and compensation and/or manse profits of Rs.
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Client the interest free security deposit amount as contained in clause 6.Upon the termination of this Agreement or sooner determination and upon the failure of the Client to remove itself, its employees and its belongings from the said premises. The Client shall be liable and hereby agrees to pay to the Centre liquidated damages of Rs.(Rupees only) and compensation and/or manse profits of Rs.(Rupees) per day for the wrongful and unauthorised use of the said premises and the facilities provided therein. The Centre shall be entitled without prejudice to its other rights to forfeit the security deposit in the event of any breach on the part of the client.
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Upon the termination of this Agreement or sooner determination and upon the failure of the Client to remove itself, its employees and its belongings from the said premises. The Client shall be liable and hereby agrees to pay to the Centre liquidated damages of Rs.(Rupees only) and compensation and/or manse profits of Rs.(Rupees) per day for the wrongful and unauthorised use of the said premises and the facilities provided therein. The Centre shall be entitled without prejudice to its other rights to forfeit the security deposit in the event of any breach on the part of the client.It is further agreed and declared between the parties hereto that the permission hereby granted by the Centre to the Client to use a portion of the said premises is incidental to the availing of office facilities, amenities and services provided by the Business Centre to the Client and the Client shall not be entitled to avail other facilities separately as the arrangement is
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(Rupees only) and compensation and/or manse profits of Rs.(Rupees) per day for the wrongful and unauthorised use of the said premises and the facilities provided therein. The Centre shall be entitled without prejudice to its other rights to forfeit the security deposit in the event of any breach on the part of the client.It is further agreed and declared between the parties hereto that the permission hereby granted by the Centre to the Client to use a portion of the said premises is incidental to the availing of office facilities, amenities and services provided by the Business Centre to the Client and the Client shall not be entitled to avail other facilities separately as the arrangement iscomposite, impartibly and indivisible.Any dispute between the parties hereto shall be referred to the sole arbitration of Mr. Having his / its office at and shall be subject to the provisions of the Arbitration and Conciliation Act, 1996.
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Any dispute between the parties hereto shall be referred to the sole arbitration of Mr. Having his / its office at and shall be subject to the provisions of the Arbitration and Conciliation Act, 1996.IN WITNESS WHEREOF the parties hereto have hereunto set and subscribed their respective hands, the day and year first hereinabove written.SIGNED AND DELIVERED by)as partner / proprietor of the Centre.) in the presence of ) SIGNED AND DELIVERED by the )With in named )in the presence of)Download Word DocDocuments Required for Business Services AgreementThere are no specific documents required for the drafting and execution of an agreement between an independent contractor and a service provider. However, ID proofs of the parties in order to confirm the names and permanent addresses of the parties shall be scrutinized.Moreover, papers evidencing the parties’ rights to carry out the business (as per the agreement) and provide the service(s) in question, could be examined.
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Documents Required for Business Services AgreementThere are no specific documents required for the drafting and execution of an agreement between an independent contractor and a service provider. However, ID proofs of the parties in order to confirm the names and permanent addresses of the parties shall be scrutinized.Moreover, papers evidencing the parties’ rights to carry out the business (as per the agreement) and provide the service(s) in question, could be examined.Procedure for Business Services Agreement
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There are no specific documents required for the drafting and execution of an agreement between an independent contractor and a service provider. However, ID proofs of the parties in order to confirm the names and permanent addresses of the parties shall be scrutinized.Moreover, papers evidencing the parties’ rights to carry out the business (as per the agreement) and provide the service(s) in question, could be examined.Procedure for Business Services AgreementNo set procedure is applicable in the making of such an agreement. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with the requisite witnesses. The said agreement is legally binding when it is printed on judicial stamp paper/e- stamp paper and signed by both the parties. The stamp paper value (if relevant) depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of this agreement between the independent contractor and service provider.
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There are no specific documents required for the drafting and execution of an agreement between an independent contractor and a service provider. However, ID proofs of the parties in order to confirm the names and permanent addresses of the parties shall be scrutinized.Moreover, papers evidencing the parties’ rights to carry out the business (as per the agreement) and provide the service(s) in question, could be examined.Procedure for Business Services AgreementNo set procedure is applicable in the making of such an agreement. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with the requisite witnesses. The said agreement is legally binding when it is printed on judicial stamp paper/e- stamp paper and signed by both the parties. The stamp paper value (if relevant) depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of this agreement between the independent contractor and service provider.
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Moreover, papers evidencing the parties’ rights to carry out the business (as per the agreement) and provide the service(s) in question, could be examined.Procedure for Business Services AgreementNo set procedure is applicable in the making of such an agreement. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with the requisite witnesses. The said agreement is legally binding when it is printed on judicial stamp paper/e- stamp paper and signed by both the parties. The stamp paper value (if relevant) depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of this agreement between the independent contractor and service provider.What is Loan Agreement with Security?
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What is Loan Agreement with Security?A loan agreement is a legal contract between a borrower and a lender regulating the mutual promises made by each party. It is a formal document that evidences a loan. A loan agreement is a legal document and a written promise to repay the money that is described by the Agreement between the lender and the borrower. This document is used to record the terms between the parties, including the method and amount of repayment of loan and also the penalty in case of default of such payment.An agreement for loan with security is essentially a loan agreement in which terms and conditions regarding collateral/security given against the loan, are also mentioned. A document that provides a lender, a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, the pledged collateral can be seized and sold. A security agreement mitigates the default risk the lender faces.
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What is Loan Agreement with Security?A loan agreement is a legal contract between a borrower and a lender regulating the mutual promises made by each party. It is a formal document that evidences a loan. A loan agreement is a legal document and a written promise to repay the money that is described by the Agreement between the lender and the borrower. This document is used to record the terms between the parties, including the method and amount of repayment of loan and also the penalty in case of default of such payment.An agreement for loan with security is essentially a loan agreement in which terms and conditions regarding collateral/security given against the loan, are also mentioned. A document that provides a lender, a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, the pledged collateral can be seized and sold. A security agreement mitigates the default risk the lender faces.Why is Loan Agreement with Security required?
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A loan agreement is a legal contract between a borrower and a lender regulating the mutual promises made by each party. It is a formal document that evidences a loan. A loan agreement is a legal document and a written promise to repay the money that is described by the Agreement between the lender and the borrower. This document is used to record the terms between the parties, including the method and amount of repayment of loan and also the penalty in case of default of such payment.An agreement for loan with security is essentially a loan agreement in which terms and conditions regarding collateral/security given against the loan, are also mentioned. A document that provides a lender, a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, the pledged collateral can be seized and sold. A security agreement mitigates the default risk the lender faces.Why is Loan Agreement with Security required?A loan agreement (for a secured loan - with security/collateral) is required in order to determine the terms and condition between the lender and borrower. The agreement is binding on both the parties. It is an important step as all the rights and liabilities of the parties are stated clearly and thus avoids future legal trouble and confusion. Its main purpose is to serve as written evidence of the amount of a debt, the terms under which the loan money shall be repaid - including the rate of interest if involved. It details the particulars regarding collateral/security which is given against the loan by the borrower. It is a legal document and is enforceable in the Court of law.
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An agreement for loan with security is essentially a loan agreement in which terms and conditions regarding collateral/security given against the loan, are also mentioned. A document that provides a lender, a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, the pledged collateral can be seized and sold. A security agreement mitigates the default risk the lender faces.Why is Loan Agreement with Security required?A loan agreement (for a secured loan - with security/collateral) is required in order to determine the terms and condition between the lender and borrower. The agreement is binding on both the parties. It is an important step as all the rights and liabilities of the parties are stated clearly and thus avoids future legal trouble and confusion. Its main purpose is to serve as written evidence of the amount of a debt, the terms under which the loan money shall be repaid - including the rate of interest if involved. It details the particulars regarding collateral/security which is given against the loan by the borrower. It is a legal document and is enforceable in the Court of law.What should a Loan Agreement with Security cover?
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An agreement for loan with security is essentially a loan agreement in which terms and conditions regarding collateral/security given against the loan, are also mentioned. A document that provides a lender, a security interest in a specified asset or property that is pledged as collateral. In the event that the borrower defaults, the pledged collateral can be seized and sold. A security agreement mitigates the default risk the lender faces.Why is Loan Agreement with Security required?A loan agreement (for a secured loan - with security/collateral) is required in order to determine the terms and condition between the lender and borrower. The agreement is binding on both the parties. It is an important step as all the rights and liabilities of the parties are stated clearly and thus avoids future legal trouble and confusion. Its main purpose is to serve as written evidence of the amount of a debt, the terms under which the loan money shall be repaid - including the rate of interest if involved. It details the particulars regarding collateral/security which is given against the loan by the borrower. It is a legal document and is enforceable in the Court of law.What should a Loan Agreement with Security cover?It should consist of all the necessary terms and conditions. The following are important terms that must be included in a loan agreement among others:
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Why is Loan Agreement with Security required?A loan agreement (for a secured loan - with security/collateral) is required in order to determine the terms and condition between the lender and borrower. The agreement is binding on both the parties. It is an important step as all the rights and liabilities of the parties are stated clearly and thus avoids future legal trouble and confusion. Its main purpose is to serve as written evidence of the amount of a debt, the terms under which the loan money shall be repaid - including the rate of interest if involved. It details the particulars regarding collateral/security which is given against the loan by the borrower. It is a legal document and is enforceable in the Court of law.What should a Loan Agreement with Security cover?It should consist of all the necessary terms and conditions. The following are important terms that must be included in a loan agreement among others:The relevant personal details of the parties such as full name, residential addresses and ages of the parties to the agreement,
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A loan agreement (for a secured loan - with security/collateral) is required in order to determine the terms and condition between the lender and borrower. The agreement is binding on both the parties. It is an important step as all the rights and liabilities of the parties are stated clearly and thus avoids future legal trouble and confusion. Its main purpose is to serve as written evidence of the amount of a debt, the terms under which the loan money shall be repaid - including the rate of interest if involved. It details the particulars regarding collateral/security which is given against the loan by the borrower. It is a legal document and is enforceable in the Court of law.What should a Loan Agreement with Security cover?It should consist of all the necessary terms and conditions. The following are important terms that must be included in a loan agreement among others:The relevant personal details of the parties such as full name, residential addresses and ages of the parties to the agreement,
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What should a Loan Agreement with Security cover?It should consist of all the necessary terms and conditions. The following are important terms that must be included in a loan agreement among others:The relevant personal details of the parties such as full name, residential addresses and ages of the parties to the agreement,Reasons for the loan,Amount paid and the method of payment,Duration or the term of the loan,Security that is required to be given - the kind of security and terms regarding such security.Method of repayment of the loan,Interest rate (if any),Penalty clause explaining the details of what the penalty would be if the borrower defaults in repaying of the loan,General clauses such as termination of agreement, applicable laws, arbitration clause, etc.) andDate of signing of the agreement. Format for Loan Agreement with Security Download Word DocDRAFT OF LOAN AGREEMENT WITH SECURITYTHIS AGREEMENT is made at on this day of , 200 BETWEEN
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THIS AGREEMENT is made at on this day of , 200 BETWEENLTD, a Company incorporated under the Companies Act, 1956 or Companies Act,2013 having its Registered Office at (hereinafter referred to as"The Lender") which term or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include its heirs, successors and assigns of the One PartANDM/S ABC LIMITED, a Company incorporated under the Companies Act, 1956 or Companies Act ,2013 having its Registered Office at (hereinafter referred to as "The Borrower") which terms or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include its heirs, successors and assigns of theSECOND PART and
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M/S ABC LIMITED, a Company incorporated under the Companies Act, 1956 or Companies Act ,2013 having its Registered Office at (hereinafter referred to as "The Borrower") which terms or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include its heirs, successors and assigns of theSECOND PART andM/S CDE LIMITED, a Company incorporated under the Companies Act, 1956 or Companies Act ,2013 having its Registered Office at (hereinafter referred to as "The Lender") which terms or expression shall unless excluded by or repugnant to the subject or context hereof shall mean and include its heirs, successors and assigns of the THIRD PART.WHEREASThe Borrower is one of the entities in the group of Companies, ABC LIMITED, a Company incorporated under the provisions of the Companies Act, 1956 or Companies Act, 2013 having its Registered Office at hereinafter referred to as "The Borrower" has a paid up capital of Rs. lacs as on (date).
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WHEREASThe Borrower is one of the entities in the group of Companies, ABC LIMITED, a Company incorporated under the provisions of the Companies Act, 1956 or Companies Act, 2013 having its Registered Office at hereinafter referred to as "The Borrower" has a paid up capital of Rs. lacs as on (date).The Borrowers has approached "The Lender" for grant of inter corporate deposit of Rs./- (Rupees only) for a period of days beginning from the date of disbursal of loan i.e. .The Lender has favourably considered the request of the Borrower and has agreed to lend and advance a secured interest carrying inter-corporate deposit of Rs. (Rupeesonly) to the Borrower on the terms and conditions and covenants as follows.The Lender has agreed to secure the timely repayment of the loan along with interest by creating in favour of the Lender Pledge with the securities fully stated in the Annexure Annexed hereto and treated as an integral part of this Agreement.
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only) to the Borrower on the terms and conditions and covenants as follows.The Lender has agreed to secure the timely repayment of the loan along with interest by creating in favour of the Lender Pledge with the securities fully stated in the Annexure Annexed hereto and treated as an integral part of this Agreement.NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:At the request of the Borrower the Lender lends an advance to the Borrower an inter corporate deposit of Rs. (Rupees only) for a period of days beginning from the date of disbursal i.e.The said inter corporate deposit shall carry an interest @ % per annum payable withrests. In case of delay or default in payment, whether of the principal or of the interest or any part thereof the Lender shall be entitled and the borrower shall be liable to pay a penal interest @ _% per annum over and above the interest mentioned hereinabove.
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The said inter corporate deposit shall carry an interest @ % per annum payable withrests. In case of delay or default in payment, whether of the principal or of the interest or any part thereof the Lender shall be entitled and the borrower shall be liable to pay a penal interest @ _% per annum over and above the interest mentioned hereinabove.As a security towards timely repayment of loan along with interest, the Lender has agreed to pledge in favour of the Lender, fully paid up equity shares, standing in the name of Lender as stated in the Annexure annexed hereto and treated as an integral part of the agreement in the equity capital of ABC Limited, a company incorporated under the provisions of the Companies Act, 1956 or Companies Act, 2013 having its Registered Office at. The Equity shares of Equity International Ltd are listed atStock Exchange and the current market price of shares is agreed to be Rs. /- per share.
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As a security towards timely repayment of loan along with interest, the Lender has agreed to pledge in favour of the Lender, fully paid up equity shares, standing in the name of Lender as stated in the Annexure annexed hereto and treated as an integral part of the agreement in the equity capital of ABC Limited, a company incorporated under the provisions of the Companies Act, 1956 or Companies Act, 2013 having its Registered Office at. The Equity shares of Equity International Ltd are listed atStock Exchange and the current market price of shares is agreed to be Rs. /- per share.In case the Lender sends the notice to the Borrower to make good the margin in the securities (% in this case) and the Borrower fails and/or neglects to make good the margin within the
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Stock Exchange and the current market price of shares is agreed to be Rs. /- per share.In case the Lender sends the notice to the Borrower to make good the margin in the securities (% in this case) and the Borrower fails and/or neglects to make good the margin within thestipulated period as mentioned in the notice the Borrower shall be deemed to have committed default of the terms of this agreement and in that event it shall be lawful for the Lender (but not compulsory) to demand from the Borrower repayment of the loan along with the interest then outstanding and the Borrower shall be liable to repay the loan in full along with interest thereon without any objection and/or demur.
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In case the Lender sends the notice to the Borrower to make good the margin in the securities (% in this case) and the Borrower fails and/or neglects to make good the margin within thestipulated period as mentioned in the notice the Borrower shall be deemed to have committed default of the terms of this agreement and in that event it shall be lawful for the Lender (but not compulsory) to demand from the Borrower repayment of the loan along with the interest then outstanding and the Borrower shall be liable to repay the loan in full along with interest thereon without any objection and/or demur.It is expressly agreed by and between the parties hereto that in case of downward revision in the market price of the equity shares of ABC LTD, the Borrower/ Lender shall on its own, pledge in favour of the Lender such other shares of ABC LTD so as to ensure % margin between the amount of loan along with interest and the securities.
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stipulated period as mentioned in the notice the Borrower shall be deemed to have committed default of the terms of this agreement and in that event it shall be lawful for the Lender (but not compulsory) to demand from the Borrower repayment of the loan along with the interest then outstanding and the Borrower shall be liable to repay the loan in full along with interest thereon without any objection and/or demur.It is expressly agreed by and between the parties hereto that in case of downward revision in the market price of the equity shares of ABC LTD, the Borrower/ Lender shall on its own, pledge in favour of the Lender such other shares of ABC LTD so as to ensure % margin between the amount of loan along with interest and the securities.In case the Borrower fails and/or neglects to repay the amount of loan or the amount of interest on the due date it shall be lawful for the Lender to sell or dispose off, at the cost and expenses of the borrower, all or some of the equity shares of ABC LTD either by way of private arrangement or in the open market and to apply the net proceeds thereof towards satisfaction of the amount of loan or the interest, then outstanding.
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It is expressly agreed by and between the parties hereto that in case of downward revision in the market price of the equity shares of ABC LTD, the Borrower/ Lender shall on its own, pledge in favour of the Lender such other shares of ABC LTD so as to ensure % margin between the amount of loan along with interest and the securities.In case the Borrower fails and/or neglects to repay the amount of loan or the amount of interest on the due date it shall be lawful for the Lender to sell or dispose off, at the cost and expenses of the borrower, all or some of the equity shares of ABC LTD either by way of private arrangement or in the open market and to apply the net proceeds thereof towards satisfaction of the amount of loan or the interest, then outstanding.
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It is expressly agreed by and between the parties hereto that in case of downward revision in the market price of the equity shares of ABC LTD, the Borrower/ Lender shall on its own, pledge in favour of the Lender such other shares of ABC LTD so as to ensure % margin between the amount of loan along with interest and the securities.In case the Borrower fails and/or neglects to repay the amount of loan or the amount of interest on the due date it shall be lawful for the Lender to sell or dispose off, at the cost and expenses of the borrower, all or some of the equity shares of ABC LTD either by way of private arrangement or in the open market and to apply the net proceeds thereof towards satisfaction of the amount of loan or the interest, then outstanding.The Borrower agrees that any accretion the securities pledged with the Lender by way of dividend, bonus/rights issue etc. accruing from time to time shall be deemed to be pledged with the Lender and the Borrower shall, on its own take expeditious steps to create a pledge in favour of the Lender.
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In case the Borrower fails and/or neglects to repay the amount of loan or the amount of interest on the due date it shall be lawful for the Lender to sell or dispose off, at the cost and expenses of the borrower, all or some of the equity shares of ABC LTD either by way of private arrangement or in the open market and to apply the net proceeds thereof towards satisfaction of the amount of loan or the interest, then outstanding.The Borrower agrees that any accretion the securities pledged with the Lender by way of dividend, bonus/rights issue etc. accruing from time to time shall be deemed to be pledged with the Lender and the Borrower shall, on its own take expeditious steps to create a pledge in favour of the Lender.It is agreed that the Borrower shall execute a Demand Promissory Note in favour of the Lender.The Borrower/ Lender agree and undertake to execute in favour of the Lender all such
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It is agreed that the Borrower shall execute a Demand Promissory Note in favour of the Lender.The Borrower/ Lender agree and undertake to execute in favour of the Lender all suchdocuments/papers, including fresh transfer deeds, as may be required by the Lender from time to time.The Borrower/ Lender have agreed to constitute nominate and appoint the Lenders as its true and lawful attorney to do all such deeds and things in respect of the said (No. of Shares) Equity Shares of ABC LTD as may be pledged/hypothecated by the Borrower to the Lender.It is agreed that the liability of the Lender is jointly and severally along with the liabilities of the Borrower and the same is co-extensive.IN WITNESS WHEREOF the parties herein have signed this agreement in acceptance of all terms stated above on the date and place mentioned hereinabove.THE BORROWER THE PLEDGER THE LENDERDownload Word DocDocuments Required for Loan Agreement with Security
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Download Word DocDocuments Required for Loan Agreement with SecurityThere are no specific documents required for the drafting and execution of a loan agreement with security. However, since there is security involved - papers evidencing the same would be required. For example if the security is an immovable property of the borrower, ownership papers for the same must be scrutinized. Other than this, ID proofs of the parties in order to confirm the names and permanent addresses of the lender and borrower shall be scrutinized.Procedure for Loan Agreement with SecurityNo set procedure is applicable in the making of a loan agreement with security. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with the
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There are no specific documents required for the drafting and execution of a loan agreement with security. However, since there is security involved - papers evidencing the same would be required. For example if the security is an immovable property of the borrower, ownership papers for the same must be scrutinized. Other than this, ID proofs of the parties in order to confirm the names and permanent addresses of the lender and borrower shall be scrutinized.Procedure for Loan Agreement with SecurityNo set procedure is applicable in the making of a loan agreement with security. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with therequisite witnesses. The loan agreement has evidentiary value when it is printed on stamp paper/e-stamp paper and signed by both the parties. The stamp paper value depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of the Loan Agreement.
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There are no specific documents required for the drafting and execution of a loan agreement with security. However, since there is security involved - papers evidencing the same would be required. For example if the security is an immovable property of the borrower, ownership papers for the same must be scrutinized. Other than this, ID proofs of the parties in order to confirm the names and permanent addresses of the lender and borrower shall be scrutinized.Procedure for Loan Agreement with SecurityNo set procedure is applicable in the making of a loan agreement with security. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with therequisite witnesses. The loan agreement has evidentiary value when it is printed on stamp paper/e-stamp paper and signed by both the parties. The stamp paper value depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of the Loan Agreement.Legal Considerations for Loan Agreement with Security
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Procedure for Loan Agreement with SecurityNo set procedure is applicable in the making of a loan agreement with security. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with therequisite witnesses. The loan agreement has evidentiary value when it is printed on stamp paper/e-stamp paper and signed by both the parties. The stamp paper value depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of the Loan Agreement.Legal Considerations for Loan Agreement with SecurityA loan agreement with security is a legal document which includes clauses stating the terms and conditions between the parties - regarding the giving of loan, the security/collateral involved, repayment of loan, etc.. It needs to be printed on stamp paper of the correct value and signed by both parties. It can be modified or amended as per the terms of the agreement.
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No set procedure is applicable in the making of a loan agreement with security. However, once the agreement has been drafted by a lawyer, it should be specifically and carefully read by both the parties to the agreement. Any necessary changes required to be made shall be carried out and once the agreement is finalised, it shall be signed by both the parties along with therequisite witnesses. The loan agreement has evidentiary value when it is printed on stamp paper/e-stamp paper and signed by both the parties. The stamp paper value depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of the Loan Agreement.Legal Considerations for Loan Agreement with SecurityA loan agreement with security is a legal document which includes clauses stating the terms and conditions between the parties - regarding the giving of loan, the security/collateral involved, repayment of loan, etc.. It needs to be printed on stamp paper of the correct value and signed by both parties. It can be modified or amended as per the terms of the agreement.How can a lawyer help to draft Loan Agreement with Security?
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requisite witnesses. The loan agreement has evidentiary value when it is printed on stamp paper/e-stamp paper and signed by both the parties. The stamp paper value depends on the particular State in which it is executed. Each party should thereafter keep a signed copy of the Loan Agreement.Legal Considerations for Loan Agreement with SecurityA loan agreement with security is a legal document which includes clauses stating the terms and conditions between the parties - regarding the giving of loan, the security/collateral involved, repayment of loan, etc.. It needs to be printed on stamp paper of the correct value and signed by both parties. It can be modified or amended as per the terms of the agreement.How can a lawyer help to draft Loan Agreement with Security?One of the first and the most important steps that you must undertake is to hire a
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Legal Considerations for Loan Agreement with SecurityA loan agreement with security is a legal document which includes clauses stating the terms and conditions between the parties - regarding the giving of loan, the security/collateral involved, repayment of loan, etc.. It needs to be printed on stamp paper of the correct value and signed by both parties. It can be modified or amended as per the terms of the agreement.How can a lawyer help to draft Loan Agreement with Security?One of the first and the most important steps that you must undertake is to hire agood documentation lawyer as he/she is aware of the nitty gritty of the legal procedures and necessary requirements involved in drafting of loan agreements(which involve security). Alawyer would draft a loan agreement, better than you can yourself, for obvious reasons. A lawyer has the necessary legal knowledge and experience to handle and draft such documents.
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How can a lawyer help to draft Loan Agreement with Security?One of the first and the most important steps that you must undertake is to hire agood documentation lawyer as he/she is aware of the nitty gritty of the legal procedures and necessary requirements involved in drafting of loan agreements(which involve security). Alawyer would draft a loan agreement, better than you can yourself, for obvious reasons. A lawyer has the necessary legal knowledge and experience to handle and draft such documents.He/She will be able to guide you and draft for you according to your particular situation - the facts, circumstances and needs involved. A documentation lawyer is aware of good drafting technique and the clauses that must be included in your agreement. Hiring a good lawyer in order to draft such important legal documents is a prerequisite and will help you in more ways than one.What is Legal Notice for Recovery of Money?
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What is Legal Notice for Recovery of Money?Legal notice for recovery of money is a formal intimation between two people warning the other before legal action is initiated to get their due payment. Believe it or not, you can also send alegal notice for recovery of money from a friend, in case he/she owes you a lot. To recover money from people who owe it to you, the role and importance of a legal notice for recovery of due becomes important. Legal notice for refund of money can be filed for anyone from a dealer to an employee, tenant, friend, company, bank, etc.Why is Legal Notice for Recovery of Money required?
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Legal notice for recovery of money is a formal intimation between two people warning the other before legal action is initiated to get their due payment. Believe it or not, you can also send alegal notice for recovery of money from a friend, in case he/she owes you a lot. To recover money from people who owe it to you, the role and importance of a legal notice for recovery of due becomes important. Legal notice for refund of money can be filed for anyone from a dealer to an employee, tenant, friend, company, bank, etc.Why is Legal Notice for Recovery of Money required?One may send a notice for recovery of money from your employer, friend or any other party who owes you money. The first step in recovery should be to send a legal notice since most recovery cases get resolved in this step itself and you do not need to proceed to Court. One must send a well-drafted and legally sound notice to ensure that you get a prompt response on your notice and you have maximum opportunity to recover your money.
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legal notice for recovery of money from a friend, in case he/she owes you a lot. To recover money from people who owe it to you, the role and importance of a legal notice for recovery of due becomes important. Legal notice for refund of money can be filed for anyone from a dealer to an employee, tenant, friend, company, bank, etc.Why is Legal Notice for Recovery of Money required?One may send a notice for recovery of money from your employer, friend or any other party who owes you money. The first step in recovery should be to send a legal notice since most recovery cases get resolved in this step itself and you do not need to proceed to Court. One must send a well-drafted and legally sound notice to ensure that you get a prompt response on your notice and you have maximum opportunity to recover your money.What should a Legal Notice for Recovery of Money cover?The legal notice for recovery of money must contain
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One may send a notice for recovery of money from your employer, friend or any other party who owes you money. The first step in recovery should be to send a legal notice since most recovery cases get resolved in this step itself and you do not need to proceed to Court. One must send a well-drafted and legally sound notice to ensure that you get a prompt response on your notice and you have maximum opportunity to recover your money.What should a Legal Notice for Recovery of Money cover?The legal notice for recovery of money must containThe legal notice must be drafted in the letterhead of an advocate which is to be specific and proper.It should contain addresses and contact details of the advocate.The date on which the legal notice is issued including the name, address, and contact details of the person to whom the legal notice is issued is to be stated.Since the legal notice for recovery of money is going from the client’s end, the name and details of the client should be mentioned.
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The legal notice must be drafted in the letterhead of an advocate which is to be specific and proper.It should contain addresses and contact details of the advocate.The date on which the legal notice is issued including the name, address, and contact details of the person to whom the legal notice is issued is to be stated.Since the legal notice for recovery of money is going from the client’s end, the name and details of the client should be mentioned.It should be made clear in the notice as to how your right has been infringed due to the act or omission by the opposite party and for that what you want from him. A specific direction must be given to the opposite party along with a time limit.The notice must be signed (with date) by the advocate and the sender.Format for Legal Notice for Recovery of Money Download Word DocLegal NoticeRef. NoDated , REGD.A.D.LEGAL NOTICETo,Dear Sir,Pursuant to the instructions from and on behalf of my client , through its
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Pursuant to the instructions from and on behalf of my client , through its, I do hereby serve you with the following Legal Notice: -That my client is a firm/individual under the name and style of M/s.That my client is engaged in the business of of the etc.That against your valid and confirmed order my client did your job work from time to time on credit basis as you have running credit account in the account books of my client operated in due course of business.That my client-raised bills of each and every work performed for payment, although you have acknowledged the receipt of such bills raised by my client.
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That my client-raised bills of each and every work performed for payment, although you have acknowledged the receipt of such bills raised by my client.That inspite of acknowledging the liability of payment of principal balance of Rs. /- you have been miserably failed to make payment of the said amount due to my client from you deliberately with malafide intent, hence you are liable to pay the said principal balance amount of Rs. /- alongwith interest @ % p.a. from the date of due till actual realization of the said sum as is generally and customarily prevailing in the trade usages, which comes to Rs./-That thus you are liable to pay the total amount of Rs. /- to my above named client and my above named client is entitled to recover the same from you.
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That thus you are liable to pay the total amount of Rs. /- to my above named client and my above named client is entitled to recover the same from you.That my client requested you several times through telephonic message and by sending personal messenger to your office for release of the said outstanding payment, but you have always been dilly delaying the same on one pretext or the other and so far have not paid even a single paisa out of the said outstanding undisputed amount.
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That my client requested you several times through telephonic message and by sending personal messenger to your office for release of the said outstanding payment, but you have always been dilly delaying the same on one pretext or the other and so far have not paid even a single paisa out of the said outstanding undisputed amount.I, therefore, through this Notice finally call upon you to pay to my client Rs. /-. along with future interest @ % p.a. from the date of notice till actual realization of the said amount, together with notice fee of Rs. /- to my client either in cash or by demand draft or Cheque which ever mode suits you better, within clear 30 days from the date of receipt of this notice, failing which my client has given me clear instructions to file civil as well as criminal lawsuit for recovery and other Miscellaneous proceedings against you in the competent court of law and in that event you shall be fully responsible for the same.
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I, therefore, through this Notice finally call upon you to pay to my client Rs. /-. along with future interest @ % p.a. from the date of notice till actual realization of the said amount, together with notice fee of Rs. /- to my client either in cash or by demand draft or Cheque which ever mode suits you better, within clear 30 days from the date of receipt of this notice, failing which my client has given me clear instructions to file civil as well as criminal lawsuit for recovery and other Miscellaneous proceedings against you in the competent court of law and in that event you shall be fully responsible for the same.A copy of this Notice has been preserved in my office for record and future course of action.()ADVOCATEDownload Word DocDocuments Required for Legal Notice for Recovery of MoneyThe following documents must be scrutinized while drafting a legal notice for recovery of money:Affidavit of proof of money lent/owed to you
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The following documents must be scrutinized while drafting a legal notice for recovery of money:Affidavit of proof of money lent/owed to youIf recovery from employer, employment agreement that states the amount that your employer is to give you in exchange of your serviceAny proof of money owed to youProcedure for Legal Notice for Recovery of MoneyNo set procedure is applicable in the making of a legal notice for recovery of money. However, a legal notice must be drafted and signed by a lawyer, with all the necessary details/contents as mentioned above. Once the notice is drafted it should be examined by the lender. It should then be sent to the defendant. If no action is taken or no repayment is done within the number of days mentioned upon the notice, a recovery suit against the defendant can be filed in the court having jurisdiction.Legal Considerations for Legal Notice for Recovery of Money
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Procedure for Legal Notice for Recovery of MoneyNo set procedure is applicable in the making of a legal notice for recovery of money. However, a legal notice must be drafted and signed by a lawyer, with all the necessary details/contents as mentioned above. Once the notice is drafted it should be examined by the lender. It should then be sent to the defendant. If no action is taken or no repayment is done within the number of days mentioned upon the notice, a recovery suit against the defendant can be filed in the court having jurisdiction.Legal Considerations for Legal Notice for Recovery of MoneyThere is a limitation period of 3 years within which you must send the notice and file the recovery suit, if any, for the recovery of money owed to you. However, if there is an acknowledgement of the debt owed to you, then the limitation period will restart. The legalnotice serves the purpose of giving a reasonable time to the person who owes you money to
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No set procedure is applicable in the making of a legal notice for recovery of money. However, a legal notice must be drafted and signed by a lawyer, with all the necessary details/contents as mentioned above. Once the notice is drafted it should be examined by the lender. It should then be sent to the defendant. If no action is taken or no repayment is done within the number of days mentioned upon the notice, a recovery suit against the defendant can be filed in the court having jurisdiction.Legal Considerations for Legal Notice for Recovery of MoneyThere is a limitation period of 3 years within which you must send the notice and file the recovery suit, if any, for the recovery of money owed to you. However, if there is an acknowledgement of the debt owed to you, then the limitation period will restart. The legalnotice serves the purpose of giving a reasonable time to the person who owes you money tomake a payment. The notice also acts as valid proof before a Court of Law that a certain amount is owed to you.
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Legal Considerations for Legal Notice for Recovery of MoneyThere is a limitation period of 3 years within which you must send the notice and file the recovery suit, if any, for the recovery of money owed to you. However, if there is an acknowledgement of the debt owed to you, then the limitation period will restart. The legalnotice serves the purpose of giving a reasonable time to the person who owes you money tomake a payment. The notice also acts as valid proof before a Court of Law that a certain amount is owed to you.How can a lawyer help to draft Legal Notice for Recovery of Money?Since, a legal notice is the first step towards recovery litigation, it is highly recommended that you hire a recovery lawyer. A lawyer has the requisite expertise and knowledge to draft such legal notices. He/she will be able to accumulate important information for the client and draft the notice accordingly. He/she will ensure that you are on the right path in attaining justice. A
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notice serves the purpose of giving a reasonable time to the person who owes you money tomake a payment. The notice also acts as valid proof before a Court of Law that a certain amount is owed to you.How can a lawyer help to draft Legal Notice for Recovery of Money?Since, a legal notice is the first step towards recovery litigation, it is highly recommended that you hire a recovery lawyer. A lawyer has the requisite expertise and knowledge to draft such legal notices. He/she will be able to accumulate important information for the client and draft the notice accordingly. He/she will ensure that you are on the right path in attaining justice. Alawyer can manage all legal paperwork effectively. Therefore, hiring an expert recovery lawyer is of prime importance in order to ensure that your legal notice for recovery is sent correctly, keeping in mind the possible litigation that may ensue.What is Anticipatory Bail Petition Application Format (Sessions Court s High Court)?
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What is Anticipatory Bail Petition Application Format (Sessions Court s High Court)?Anticipatory bail petition is filed under Section 438 of the Code of Criminal Procedure by anaccused person who is apprehending arrest by the police. Anticipatory bail petition can be filed before the court of sessions, High Court, Supreme Court of India only. One can file a petition for anticipatory bail even if a First Information Report (FIR) has not been filed and the person is merely apprehending arrest.Why is Anticipatory Bail Petition Application Format (Sessions Court s High Court) required?Anticipatory Bail petition is filed by a person who is apprehending arrest in relation to criminal offence. In case a person is anticipating that he/she might get arrested or an FIR may be filed against him/her in relation to an offence, he/she can file an application in the appropriate court for anticipatory bail.What should a Anticipatory Bail Petition Application Format (Sessions Court s High Court) cover?
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accused person who is apprehending arrest by the police. Anticipatory bail petition can be filed before the court of sessions, High Court, Supreme Court of India only. One can file a petition for anticipatory bail even if a First Information Report (FIR) has not been filed and the person is merely apprehending arrest.Why is Anticipatory Bail Petition Application Format (Sessions Court s High Court) required?Anticipatory Bail petition is filed by a person who is apprehending arrest in relation to criminal offence. In case a person is anticipating that he/she might get arrested or an FIR may be filed against him/her in relation to an offence, he/she can file an application in the appropriate court for anticipatory bail.What should a Anticipatory Bail Petition Application Format (Sessions Court s High Court) cover?An anticipatory bail application should contain the details of FIR based on which the apprehension of arrest was drawn by the petitioner. In case an FIR has not been filed, the petitioner must present supporting documents or proof that proves his claim regarding the
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Why is Anticipatory Bail Petition Application Format (Sessions Court s High Court) required?Anticipatory Bail petition is filed by a person who is apprehending arrest in relation to criminal offence. In case a person is anticipating that he/she might get arrested or an FIR may be filed against him/her in relation to an offence, he/she can file an application in the appropriate court for anticipatory bail.What should a Anticipatory Bail Petition Application Format (Sessions Court s High Court) cover?An anticipatory bail application should contain the details of FIR based on which the apprehension of arrest was drawn by the petitioner. In case an FIR has not been filed, the petitioner must present supporting documents or proof that proves his claim regarding theanticipation of arrest. The petitioner should also mention in the petition the grounds on which he is asking for anticipatory bail.
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What should a Anticipatory Bail Petition Application Format (Sessions Court s High Court) cover?An anticipatory bail application should contain the details of FIR based on which the apprehension of arrest was drawn by the petitioner. In case an FIR has not been filed, the petitioner must present supporting documents or proof that proves his claim regarding theanticipation of arrest. The petitioner should also mention in the petition the grounds on which he is asking for anticipatory bail.Format for Anticipatory Bail Petition Application Format (Sessions Court s High Court) Download Word DocBEFORE THE HIGH COURT AT IN THE MATTER OF:STATE VS(FIR Number: )Under Section: () Police Station: ()APPLICATION U/S 438 CRPC FOR GRANT OF ANTICIPATORY BAIL ON BEHALF OF THEACCUSED (name of the applicant of the bail)MOST RESPECTFULLY SUBMITTED AS UNDER:That the present FIR has been registered on false and bogus facts. The facts stated in the FIR are fabricated, concocted and without any basis.
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That the present FIR has been registered on false and bogus facts. The facts stated in the FIR are fabricated, concocted and without any basis.That the police has falsely implicated the applicant in the present case, the applicant is a respectable citizen of the society and is not involved in any criminal case.That the facts stated in the complainant against the applicant are civil disputes and does not constitute any criminal offense at all.That the applicant is not required in any kind of investigation nor any kind of custodial interrogation is required.That the applicant is having very good antecedents, he belongs to a good family and there is no criminal case pending against them.That the applicant is a permanent resident and there are no chances of his absconding from the course of justice.That the applicant undertakes to present himself before the police/court as and when directed.
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That the applicant undertakes to present himself before the police/court as and when directed.That the applicant undertakes that he will not, directly or indirectly make any inducement, threat or promise to any person acquainted with the facts of the case so as to dissuade him from disclosing such facts to the Court or to any police officer.That the applicant further undertakes not to tamper with the evidence or the witnesses in any manner.That the applicant shall not leave India without the previous permission of the Court.That the applicant is ready and willing to accept any other conditions as may be imposed by the Court or the police in connection with the case.That the Court below has failed to consider all the facts and circumstances of the case and has wrongly dismissed the anticipatory bail application.PRAYERIt is therefore prayed that the court may direct the release the applicant on bail in the event of his arrest by the police.
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It is therefore prayed that the court may direct the release the applicant on bail in the event of his arrest by the police.Any other order which the court may deem fit and proper in the facts and circumstances of the case may be also passed in favor of the applicant.APPLICANTTHROUGHCOUNSELDownload Word DocDocuments Required for Anticipatory Bail Petition Application Format (Sessions Court s High Court)The application for anticipatory bail under Section 438 of the Code of Criminal Procedure is to be signed by the accused or the applicant of the bail. An affidavit in support of the application is to be filed along with the main application. A readable copy of the FIR is also to be attached
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Documents Required for Anticipatory Bail Petition Application Format (Sessions Court s High Court)The application for anticipatory bail under Section 438 of the Code of Criminal Procedure is to be signed by the accused or the applicant of the bail. An affidavit in support of the application is to be filed along with the main application. A readable copy of the FIR is also to be attachedalong with the petition. All relevant documents are also to be annexed along with the bail application based on which the applicant is seeking anticipatory bail from the court. The Counsel who is filing the application must also sign the application and must attach his memo of appearance or power of attorney with the application. The details of the FIR, name of theaccused, father’s name of the accused should be properly mentioned in the application so that the said contents are properly recorded in the judicial records.
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The application for anticipatory bail under Section 438 of the Code of Criminal Procedure is to be signed by the accused or the applicant of the bail. An affidavit in support of the application is to be filed along with the main application. A readable copy of the FIR is also to be attachedalong with the petition. All relevant documents are also to be annexed along with the bail application based on which the applicant is seeking anticipatory bail from the court. The Counsel who is filing the application must also sign the application and must attach his memo of appearance or power of attorney with the application. The details of the FIR, name of theaccused, father’s name of the accused should be properly mentioned in the application so that the said contents are properly recorded in the judicial records.Procedure for Anticipatory Bail Petition Application Format (Sessions Court s High Court)
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The application for anticipatory bail under Section 438 of the Code of Criminal Procedure is to be signed by the accused or the applicant of the bail. An affidavit in support of the application is to be filed along with the main application. A readable copy of the FIR is also to be attachedalong with the petition. All relevant documents are also to be annexed along with the bail application based on which the applicant is seeking anticipatory bail from the court. The Counsel who is filing the application must also sign the application and must attach his memo of appearance or power of attorney with the application. The details of the FIR, name of theaccused, father’s name of the accused should be properly mentioned in the application so that the said contents are properly recorded in the judicial records.Procedure for Anticipatory Bail Petition Application Format (Sessions Court s High Court)It is advisable to engage a criminal lawyer once a criminal complaint or FIR has been lodged. Once engaged, a suitable course of action including application for pre-arrest notice, notice bail or anticipatory bail can be decided upon. The Lawyer would draft an application for anticipatory bail mentioning as to why the bail shall be granted while stating your version of the facts surrounding the matter. Once the application for anticipatory bail is drafted the advocate will
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along with the petition. All relevant documents are also to be annexed along with the bail application based on which the applicant is seeking anticipatory bail from the court. The Counsel who is filing the application must also sign the application and must attach his memo of appearance or power of attorney with the application. The details of the FIR, name of theaccused, father’s name of the accused should be properly mentioned in the application so that the said contents are properly recorded in the judicial records.Procedure for Anticipatory Bail Petition Application Format (Sessions Court s High Court)It is advisable to engage a criminal lawyer once a criminal complaint or FIR has been lodged. Once engaged, a suitable course of action including application for pre-arrest notice, notice bail or anticipatory bail can be decided upon. The Lawyer would draft an application for anticipatory bail mentioning as to why the bail shall be granted while stating your version of the facts surrounding the matter. Once the application for anticipatory bail is drafted the advocate willfile the same at an appropriate Sessions Court. When the matter comes up for hearing, the lawyer must appear and present the case. If the judge sees the case to be fit for granting anticipatory bail, anticipatory bail is provided to the accused. In case anticipatory bail
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accused, father’s name of the accused should be properly mentioned in the application so that the said contents are properly recorded in the judicial records.Procedure for Anticipatory Bail Petition Application Format (Sessions Court s High Court)It is advisable to engage a criminal lawyer once a criminal complaint or FIR has been lodged. Once engaged, a suitable course of action including application for pre-arrest notice, notice bail or anticipatory bail can be decided upon. The Lawyer would draft an application for anticipatory bail mentioning as to why the bail shall be granted while stating your version of the facts surrounding the matter. Once the application for anticipatory bail is drafted the advocate willfile the same at an appropriate Sessions Court. When the matter comes up for hearing, the lawyer must appear and present the case. If the judge sees the case to be fit for granting anticipatory bail, anticipatory bail is provided to the accused. In case anticipatory bailapplication is rejected in the Sessions Court, the application can be made to the High Court. If the High Court also rejects the bail, the application can be made in the Supreme Court.
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Procedure for Anticipatory Bail Petition Application Format (Sessions Court s High Court)It is advisable to engage a criminal lawyer once a criminal complaint or FIR has been lodged. Once engaged, a suitable course of action including application for pre-arrest notice, notice bail or anticipatory bail can be decided upon. The Lawyer would draft an application for anticipatory bail mentioning as to why the bail shall be granted while stating your version of the facts surrounding the matter. Once the application for anticipatory bail is drafted the advocate willfile the same at an appropriate Sessions Court. When the matter comes up for hearing, the lawyer must appear and present the case. If the judge sees the case to be fit for granting anticipatory bail, anticipatory bail is provided to the accused. In case anticipatory bailapplication is rejected in the Sessions Court, the application can be made to the High Court. If the High Court also rejects the bail, the application can be made in the Supreme Court.Legal Considerations for Anticipatory Bail Petition Application Format (Sessions Court s High Court)
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It is advisable to engage a criminal lawyer once a criminal complaint or FIR has been lodged. Once engaged, a suitable course of action including application for pre-arrest notice, notice bail or anticipatory bail can be decided upon. The Lawyer would draft an application for anticipatory bail mentioning as to why the bail shall be granted while stating your version of the facts surrounding the matter. Once the application for anticipatory bail is drafted the advocate willfile the same at an appropriate Sessions Court. When the matter comes up for hearing, the lawyer must appear and present the case. If the judge sees the case to be fit for granting anticipatory bail, anticipatory bail is provided to the accused. In case anticipatory bailapplication is rejected in the Sessions Court, the application can be made to the High Court. If the High Court also rejects the bail, the application can be made in the Supreme Court.Legal Considerations for Anticipatory Bail Petition Application Format (Sessions Court s High Court)
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file the same at an appropriate Sessions Court. When the matter comes up for hearing, the lawyer must appear and present the case. If the judge sees the case to be fit for granting anticipatory bail, anticipatory bail is provided to the accused. In case anticipatory bailapplication is rejected in the Sessions Court, the application can be made to the High Court. If the High Court also rejects the bail, the application can be made in the Supreme Court.Legal Considerations for Anticipatory Bail Petition Application Format (Sessions Court s High Court)Once, the bail is granted there are few formalities that have to be followed before the person is finally out on bail. The Court also has the power to put some conditions and restrictions on the same.The conditions that may be imposed are as follows:The person shall make himself available for interrogation by the police officer as and when required;
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Once, the bail is granted there are few formalities that have to be followed before the person is finally out on bail. The Court also has the power to put some conditions and restrictions on the same.The conditions that may be imposed are as follows:The person shall make himself available for interrogation by the police officer as and when required;The person shall not, directly or indirectly, make any threat or promise to any person who is aware of the facts of the case so as to discourage him fromdisclosing such facts to the court or to any police officer;The person shall not leave India without the previous permission of the court.How can a lawyer help to draft Anticipatory Bail Petition Application Format (Sessions Court s High Court)?Being charged with a crime is a serious issue. A person facing criminal charges risks severe penalties and consequences, such as jail time, having a criminal record, and loss of
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disclosing such facts to the court or to any police officer;The person shall not leave India without the previous permission of the court.How can a lawyer help to draft Anticipatory Bail Petition Application Format (Sessions Court s High Court)?Being charged with a crime is a serious issue. A person facing criminal charges risks severe penalties and consequences, such as jail time, having a criminal record, and loss ofrelationships and future job prospects, among other things. While some legal matters can be handled alone, a criminal case warrants the legal advice of a qualified criminal lawyer who can protect your rights and secure the best possible outcome for your case. Owing to the experience in bail related issues, a criminal lawyer is an expert in dealing with the complexities involved incases of mental cruelty and this is why having a criminal lawyer by your side to guide you with a case like this always adds up to your potential in dealing with the case effectively.
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What is Agreement of License between Trade Mark Owner and a Manufacturer?It is a process of creating and managing contracts between the owner of a brand and a company or individual who wants to use the brand in association with a product, for an agreed period of time, within an agreed territory. It determines the terms and condition for grant of use oftrademark.Why is Agreement of License between Trade Mark Owner and a Manufacturer required?An agreement of license between a trademark owner and a manufacturer is an officialdocument that states that the manufacturer of a product has the permission to manufacture the product by the company or the individual who has trademarked it. However, the trademark owner gets to choose the licensing terms of this agreement.What should a Agreement of License between Trade Mark Owner and a Manufacturer cover?
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document that states that the manufacturer of a product has the permission to manufacture the product by the company or the individual who has trademarked it. However, the trademark owner gets to choose the licensing terms of this agreement.What should a Agreement of License between Trade Mark Owner and a Manufacturer cover?This agreement is a crucial piece of evidence which is also valid in the court of law to ensure that the trademarked component is not being copied and produced illegally. The Agreement must include:Names and addresses of both the trademark owner and the manufacturerDate of the agreementA statement to ascertain the trademark owner and his rights with the productDetails of permission given by the trademark owner to the manufacturer (how many products, how many consignments, timelines, etc.)Details of where the product will be produced and how much will it pricedA clause stating that product must contain the trademark owner’s name on it
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