Smart Finance Tactics | DialEzee

  Can a Verbal Agreement Be Legally Enforced in India? 🤔📜 Ever struck a deal with a handshake and thought, "This is solid!" 🤝 But what happens if the other party backs out ? Can you legally enforce a verbal agreement in India? Let’s break it down! ⚖️ #VerbalAgreement #ContractLaw #IndianLegalSystem ✅ Are Verbal Agreements Legally Valid? Yes, verbal agreements are legally valid in India under the Indian Contract Act, 1872 , but there’s a catch! 🎣 🔹 They must fulfill all essential elements of a valid contract—offer, acceptance, consideration, and free consent. ⚖️ 🔹 They cannot be enforced if they fall under agreements that must be in writing , like real estate contracts or loan agreements. 🏡💰 🔹 Proving a verbal contract in court is extremely difficult unless there is supporting evidence. 📑 💡 Pro Tip: If it’s important, put it in writing! 📝 #LegalContracts #IndianContracts #BusinessAgreements 🚨 When Can a Verbal Contract Be Enforced? 🔹 When there is proof o...

  How Do You Resolve a Dispute in a Joint Venture Agreement? 🤝⚖️ #JointVenture #BusinessDisputes #LegalSolutions You’ve teamed up with another company for a joint venture (JV) 🏢💼, but now, disagreements have surfaced, and you're wondering— How do you resolve a dispute in a joint venture agreement? 🤔⚖️ ✅ The Short Answer: Follow the Dispute Resolution Mechanism in the Agreement! A joint venture agreement typically includes a dispute resolution clause outlining how any conflicts should be handled. These clauses prevent unnecessary legal battles and help the partners resolve issues efficiently. 🏛️ ✔️ Negotiation – The first step is usually informal negotiation between the parties 🤝 ✔️ Mediation – If negotiations fail, mediation with a neutral third party can help 🗣️ ✔️ Arbitration – If the dispute remains unresolved, arbitration or court proceedings may be required ⚖️ ✔️ Alternative dispute resolution (ADR) – Most agreements prefer ADR to save time & money 💸...

  What Are the Key Legal Steps in Starting a Business in India? 🚀📜 Thinking about starting a business in India ? Whether it's a startup or a large enterprise , understanding the legal steps involved can help you avoid costly mistakes! Let’s walk through the key legal steps to launch your business successfully! 💼 #BusinessInIndia #StartupLegalSteps #IndianLaw ✅ Step 1: Choose the Right Business Structure The first step in starting a business is deciding the legal structure of your company. 🔹 Sole Proprietorship: A single person owns the business. 🧑‍💼 🔹 Partnership: Two or more individuals share ownership and responsibilities. 🤝 🔹 Limited Liability Partnership (LLP): Offers the flexibility of a partnership with limited liability. 🛡️ 🔹 Private Limited Company: A separate legal entity with limited liability. 🏢 🔹 Public Limited Company: A company that can raise capital from the public. 💸 💡 Pro Tip: Each structure has its pros and cons. Consult with a lawyer to c...