NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
ALL SERVICES
NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
NON DISCLOSURE AGREEMENT (NDA)
COPYRIGHT
COPYRIGHT
COPYRIGHT
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
PARTNERSHIP FIRM
WHAT IS PARTNERSHIP FIRM?
A Partnership is one of the most important forms of a business organization, where two or more people come together to form
a business and divide the profits thereof in an agreed ratio.
A Partnership is easy to form, and the compliance is minimal
as compared to companies.
Partnership firms are not separate legal entity while the partners are.
A partnership firm cannot be debtor or creditor and cannot own a property. The property, debit or credit of a partnership firm is actually for the partners in the eyes of law. The manner in which profits
or losses are to be shared amongst partners must be explicitly mentioned in the partnership deed to avoid any confusions in the
future. Every partner can carry on business on behalf of others.
DETAILS REQUIRED IN A PARTNERSHIP DEED
1. General Details:
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Name and address of the firm and all the partners
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Nature of business
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Date of starting of business Capital to be contributed by each partner
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Capital to be contributed by each partner
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Profit/loss sharing ratio among the partners
2. Specific Details:
Apart from these, certain specific clauses may also be mentioned to avoid any conflict at a later stage
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Interest on capital invested, drawings by partners or any loans provided by partners to firm
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Salaries, commissions or any other amount to be payable to partners
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Rights of each partner, including additional rights to be enjoyed by the active partners
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Duties and obligations of all partners
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Adjustments or processes to be followed on account of retirement or death of a partner or dissolution of firm
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Other clauses as partners may decide by mutual discussion
IS IT NECESSARY TO REGISTER A PARTNERSHIP FIRM?
Indian Partnership Act, 1932 governs the partnerships. Registration of partnership firm is optional and at the discretion of the partners.
Registration of partnership firm may be done at any time – before starting a business or anytime during the continuation
of partnership.
It is always advisable to register the firm since a registered firms enjoy special rights which aren’t available to the unregistered firms.
HOW TO REGISTER THE PARTNERSHIP FIRM?
An application form along with fees is to be submitted to Registrar of Firms of the State in which firm
is situated. The application has to be signed by all partners or their agents.
Documents to be submitted to the Registrar:
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Application for registration of partnership (Form 1)
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Specimen of Affidavit
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Certified original copy of Partnership Deed
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Proof of principal place of business (ownership documents or rental/lease agreement)
If the registrar is satisfied with the documents, he will register the firm in Register of Firms and issue Certificate of Registration.
Register of Firms contains up-to-date information on all firms and can be viewed by anybody upon payment of certain fees.
