YR Bajad Associates

Indian Contract Act 1872 Introduction Thinking of entering into a contract to seal a deal, make sure you know some of the facts about the act through which your agreements are going to be governed. This law affects everyone more so, trade, commerce and industry as it's the foundation of every business deal. The Indian Contract Act is distinguishable into two  parts:  The initial segment (Section 1-75) manages the overall standards of the law of agreement and accordingly applies to all agreements independent of their temperament.  The subsequent part (Sections 124-238) manages certain uncommon sorts of agreements, to be specific agreements of Indemnity and Guarantee, Bailment, Pledge, and Agency.   The goal of the Contract Act is to guarantee that the rights and commitments emerging out of an agreement are regarded and that lawful cures are made accessible to the individuals who are influenced. According to the Indian Contra...

 Amazon and Future group Tussle The tussle between the Future group and Amazon is only increasing and it’s searching for a legal conclusion that is not going to make things better between the three groups involved in it - Amazon, Future Retail and Reliance. So, what is this tussle, when it started and why it started and the possible conclusions from it. The Reliance and Future group Deal -  In the August of 2020, Kishore Biyani-led Future Retail entered into an agreement with Reliance Industries Limited (RIL) group’s subsidiary Reliance Retail for  Rs 24,713 crore to sell its retail, wholesale, logistics and warehousing units. The deal will include sale of its supermarket chain Big Bazaar, premium food supply unit Foodhall and fashion and clothes supermart Brand Factory’s retail as well as wholesale units. Future Group was very keen on selling its stakes for a long time because of pressure from lenders especially State Bank India (SBI) to manage the piling deb...