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For a contract to be valid, Contract drafting has to abide by the regulations provided under Contracts, Act. There are clauses like: Arbitration clause, Non-Compete clause etc., which has to be included. You have to have a full proof agreement to make it enforceable.
Execute the agreement in India so that Indian court will have jurisdicti...
W Network
caTwo Companies A and B. Company A is located in India that provides Technology solution, and there is Company B based out in Amsterdam. Company B is willing to enter on a contract basis to outsource all their technology services to Company A. The commission will be 20% of the total pricing, all-inclusive. We have offered to design and build their website. What we need in return is the following assurance: 1. Company A will be the sole partner of Company B for all information technology services. 2. Company B cannot get into a partnership with any other company that has a conflict of interest with Company A. 3. The 20% commission can be revised with mutual consent for projects with less margin, taken up for business/marketing reasons. We would want to create a legal contract for this. Also, let's know how this contract holds a legal validity as it is between two companies in two countries!
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W Network
caFor a contract to be valid, Contract drafting has to abide by the regulations provided under Contracts, Act. There are clauses like: Arbitration clause, Non-Compete clause etc., which has to be included. You have to have a full proof agreement to make it enforceable.
Execute the agreement in India so that Indian court will have jurisdiction over the contract.
Or both the companies can agree to the clause to submit themselves to the jurisdiction of the court in India exclusively.
Get the agreement vetted by Advocate before executing it.
Things can be consulted and delivered seamlessly on Wazzeer platform -> "Get your Wazzeer"
almost 3 years ago
View answer
Two Companies A and B. Company A is located in India that provides Technology solution, and there is Company B based out in Amsterdam. Company B is willing to enter on a contract basis to outsource all their technology services to Company A. The commission will be 20% of the total pricing, all-inclusive. We have offered to design and build their website. What we need in return is the following assurance: 1. Company A will be the sole partner of Company B for all information technology services. 2. Company B cannot get into a partnership with any other company that has a conflict of interest with Company A. 3. The 20% commission can be revised with mutual consent for projects with less margin, taken up for business/marketing reasons. We would want to create a legal contract for this. Also, let's know how this contract holds a legal validity as it is between two companies in two countries!
-
W Network
caFor a contract to be valid, Contract drafting has to abide by the regulations provided under Contracts, Act. There are clauses like: Arbitration clause, Non-Compete clause etc., which has to be included. You have to have a full proof agreement to make it enforceable.
Execute the agreement in India so that Indian court will have jurisdiction over the contract.
Or both the companies can agree to the clause to submit themselves to the jurisdiction of the court in India exclusively.
Get the agreement vetted by Advocate before executing it.
Things can be consulted and delivered seamlessly on Wazzeer platform -> "Get your Wazzeer"
almost 3 years ago
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