Aran Law

  What is a Joint venture agreement?   A joint venture agreement is a  contract between two or more parties  to work together on a specific project. The joint venture partners agree to share resources, risks, and rewards. The agreement outlines the terms of the partnership and sets out the roles and responsibilities of each partner.   Joint venture agreements  are used in a variety of business contexts, from real estate development to technology research and development. JVAs can be difficult to negotiate, but they offer many benefits for businesses that are willing to invest the time and resources. One of the key benefits of a joint venture is that it allows businesses to pool their resources and expertise to achieve a common goal. This can be especially helpful when tackling a large or complex project that would be difficult for one business to complete on its own. Additionally, joint ventures can help businesses enter new markets or launch new products m...

5 things you must be aware of while executing the share purchase agreement What is a  Share Purchase Agreement ?   A share purchase agreement is a contract between a buyer (Investor) and a seller (Existing Shareholders) in which the buyer agrees to purchase shares of the seller’s company. The share purchase agreement outlines the    terms and conditions of the sale,    the price of the shares,   the date of the sale.    shareholders’ rights,    dividends,    voting rights,    board of directors,    management,    compensation,    benefits, and    restrictions on the sale of the shares.   Things you should be aware of when you execute the Share Purchase Agreement  Do your due diligence You should know everything there is to know about the company you’re buying shares in – from their history and how they’ve performed in the past, to their current financial situation...

  10 Important things you must be aware of before buying a Flat from the Builder This Apartment Buying Legal Tips will help you to know if the following are 10 things that you should be aware of before buying a flat from a builder in Tamil Nadu: 1.  RERA Approval  Status of the Building Project. Always check the approval status of the building project before making a purchase of a flat. Not only should you check the approval status of the building project, but you should also research the quality of the construction materials that were used. You don’t want to end up with a poorly constructed flat that will need expensive repairs down the line. Additionally, it’s important to be aware of the surrounding area and make sure it is a safe and desirable neighborhood. Once you’ve ticked all of these boxes, then you can start searching for your perfect flat. 2. Background Check on the Builder’s Credibility. Do your research on the builder- look into their track record and past pr...

Anticipatory Bail Proceedings before the Court What is Anticipatory Bail?   Anticipatory bail Proceedings are a legal mechanism in India whereby an accused person can seek pre-arrest bail from the court. This means that if the police come to arrest the person, they must first obtain a warrant from the court. The accused person can then apply for anticipatory bail, which will be granted if the court feels that there is no prima facie case against the accused and that they are not likely to abscond or tamper with evidence.   The advantage of anticipatory bail is that it allows the accused to avoid being arrested and taken into custody, which can be a traumatic experience. It also ensures that the accused has time to prepare their defense and gather evidence to prove their innocence. In addition, if the accused is granted anticipatory bail, they will not have to undergo police interrogation while in custody, which can often be coercive and lead to false confessions.   H...

  What is Admiralty Suit?   An admiralty suit is a legal proceeding to enforce certain maritime claims and liabilities. Maritime claims include things like collisions between ships, cargo damage, salvage rights, and water pollution. Liabilities can include things like seamen’s wages and environmental damage.    Admiralty suits  are governed by a unique set of rules, which are different from the rules that apply in other types of lawsuits. For example, in an admiralty suit, the court has the power to arrest a ship as security for any maritime claim. This is known as an “in rem” action because it is brought against the ship itself rather than against the people who own or operate the ship.    Most admiralty cases are filed before the jurisdiction of High Courts. Admiralty law is a complex area of law, and it can be difficult to understand without the help of an experienced attorney.   Documents to be submitted   The following documents ought to...