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      • Legal Documents For GST Filing

      Legal Documents For GST Filing

      • Posted by Mahila
      • Categories Blog
      • Date January 18, 2022
      • Comments 0 comment

      Start-up companies will have to enter into formal written contracts when engaging with other businesses and individuals. Businesses use contracts because they are legally enforceable in a court of law. This will safeguard the interest of the business during disagreements.

      Term Sheet..
      Term sheet is a legal binding document that outlines the terms by which an investor will make his investment in the company. Term sheets will have the promise to fund the company, valuation, the terms of issue, exit etc

      Shareholders’ Agreement
      A share subscription agreement is entered to formalise the promise made by the investor to invest funds into a company. It will have the terms of the issue, the stake diluted, exit clause, rights and obligations of the partners.

      Founders’ Agreement
      Founder’s agreement is entered between the co-founders to avoid conflict and establish roles and responsibilities, equity ownership and vesting period.

      Vendor Agreement
      Vendor agreement entered to ensure that there is no deviation in the terms of doing business with their organization. The agreement covers various aspects of the terms of doing business such as the quality goods provided, duration of the contract, terms and mode of payment.

      Non-Disclosure Agreement
      It’s a confidentiality agreement between two parties that outlines confidential material or proprietary information which is not to be shared. It is also possible for an employee to sign an NDA or NDA-like agreement with an employer.

      Non-Compete Agreements
      It’s an agreement entered for a particular period of time or in a certain geographic area not to compete or do similar activities. This agreement is entered usually when you outsource a certain part of your work. It is also common to enter into non-compete agreement with the top level employees.

      Terms of Service and Privacy Policy
      Businesses come across client’s material information. You need discloses some or all of the ways a party gathers, uses, discloses, and manages a customer or client’s data. It is an approach towards respecting your client’s privacy.

      Trending..
      #private limited registration
      #features of an OPC
      #gst registration
      #compare One Person Company and Sole proprietorship
      #One Person Company registration
      #who can collect GST
      #Impact of GST on Indian Economy
      #Similarities of an Limited liability Partnership and a Private Limited Company

       

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      January 18, 2022

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