Legal Tech Awakening

  Can a Loan Agreement Be Oral or Must It Be in Writing?” 🤝🗣️📃 Another classic question from clients who love “verbal trust”: “I gave money on loan... no agreement, just mutual understanding. Will that hold up in court?” (Also heard: “Sir, dosti mein likhne ki kya zarurat thi?” 😅 ) ✅ Answer: Technically YES, but Practically... You’re on Thin Ice! 🧊⚖️ An oral loan agreement is valid under Indian Contract Act , but proving it in court is as difficult as finding an honest politician on a debate show! 🎙️😂 #LoanAgreementIndia #OralContractIndia #ContractLawIndia #LegalDocumentation #MoneyLendingDisputes #MutualAgreementVsWrittenAgreement ✨ Why Written Loan Agreements Are Better Than Verbal Promises: Establishes clear terms – amount, interest, repayment schedule Prevents disputes on repayment timeline or denial of loan itself Acts as strong legal evidence in case of default Helps in filing money recovery suits or initiating legal action #MoneyRecoveryIndia #D...

  What Are the Legal Challenges Startups Face in India?" 🤔 Embarking on a startup journey in India is exhilarating, but it's essential to be aware of potential legal hurdles. A common query we encounter: 👉 "What legal challenges should startups in India anticipate, and how can they navigate them effectively?" 🚀 Answer: Startups in India often encounter several legal challenges that can impact their growth and sustainability. Key areas to consider include: Regulatory Compliance: Adhering to India's multifaceted legal framework is crucial. Non-compliance can lead to penalties and operational disruptions. royzz.com Licensing and Permits: Acquiring the necessary licenses and permits is essential to avoid legal complications. khuranaandkhurana.com Intellectual Property (IP) Protection: Safeguarding your innovations through proper IP protection is vital to prevent unauthorized use. lexcliq.com Taxation Issues: Understanding and complying with va...

  Is a Handwritten Will Valid in India?” ✍️📜⚖️ A curious question that often comes up in estate planning consultations: “Can I just write my Will on paper and sign it — will it be legally valid?” (Also heard: “Dadaji ne diary mein likha tha, woh chalega kya?” 😅) ✅ Answer: Yes, A Handwritten Will is Valid — But Conditions Apply! 📌✅ As per Indian law, a handwritten will is legally valid , if it meets the essentials of a valid Will under the Indian Succession Act, 1925 . But remember, it must be more than just a scribbled note on the back of a shopping list! 😆📝 #HandwrittenWillIndia #WillDrafting #SuccessionLawIndia #EstatePlanningIndia #ValidWillIndia #LegalWillChecklist #InheritanceLawIndia ✨ Essentials of a Valid Will in India: Clearly mention name of the testator (person making the will) Should be signed by the testator Must be attested by at least two witnesses , who also sign the Will Should clearly mention the distribution of assets Must be made vol...

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