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Related Party Transactions: Different Takes by the Companies Act, 2013 and the Indian Accounting Standards

IP and Legal Filings

The Companies Act, 2013 contains provisions specifically tailored to this practice of family members or relatives directly or indirectly the businesses in India. Image Sources : Shutterstock] Who is a “related party”- what does the Companies Act, 2013 say In simple terms, a “related party” is any party which is related to the company.

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One Person Company : A Boon To Individual Businessman

IP and Legal Filings

is the duty of the proprietor of an OPC to designate a successor who will assume control of the business upon the proprietor’s demise. The One Person Company formation in India was introduced by the Companies Act of 2013. Ltd (1896) Section 2 (62) of the Companies Act, 2013 Section 3 of the Companies Act,2013.

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Indian Copyright Act and Marrakesh Treaty : Decoding the Lacuna under Copyright Act.

IP and Legal Filings

Marrakesh Treaty Marrakesh Treaty was adopted on June 27, 2013, to facilitate access to published works for people who are Blind Persons, Visually Impaired Persons, or Print Disabled (hereinafter beneficiary) who refrains from indulging in any printed form of copyrighted work.

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Webinar Recap! How and Why Texas is Different When it Comes to Trade Secrets and Non-Competes

Trading Secrets

As a conclusion to this webinar , we compiled a summary of takeaways: A restrictive covenant is a legal term for a clause in an employment contract (or a standalone agreement) that prevents an employee from doing something. Vast majority of cases involve misappropriation by electronic means.

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Eviction Before Your Lease Ends: Know Your Rights as a Tenant in Dubai

LexBlog IP

All Lease Contracts related to Real Estate Property governed by this Law must be registered with the Real Estate Regulatory Authority (RERA). If the tenant uses the property for a different purpose than specified in the lease contract or violates planning and construction regulations, eviction may occur.

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Substance Over Form — When a Quote May Constitute a Commercial Offer for Sale

IP Intelligence

Recently the Federal Circuit reversed a district court’s grant of summary judgment of no invalidity of a design patent under the on-sale bar provision of 35 U.S.C. § In 2013, Larry Junker sued defendants for infringing US D450,839 (the D’839 Patent), in the U.S. Medical Components, Inc. , 2021-1649 (Fed. Wells Elecs., 55, 67–68 (1998).

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A present assignment of future continuation applications

Patently-O

The decision is lacking though because the court does not ground its decision in any particular contract or property tradition. Although it did not state directly, the court appears to have based its contract interpretation on federal patent law as it has done in prior cases. The quote above comes from the employment agreement.