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A promissory note is a legally binding document that contains a written promise by one party (known as the maker or promisor) to pay a specified sum of money to another party (known as the payee or promisee) either on demand or at a specified future date. In India, promissory notes are governed by the Negotiable Instruments Act, 1881.

A gift is a voluntary transfer of property or assets from one person (the donor) to another (the donee) without any consideration or compensation. It is governed by the Transfer of Property Act, 1882, in India.

In India, the Indian Succession Act, 1925, governs the creation and execution of wills. Here are the detailed criteria for…

E-contracts, or electronic contracts, are legally binding agreements created and signed electronically. In India, the Information Technology Act, 2000 (IT…

Electronic contracts, commonly known as e-contracts, have become increasingly prevalent in commercial transactions. These contracts, formed and executed electronically, offer convenience, efficiency, and flexibility to parties engaging in various business dealings.

A Hypothecation Agreement is a legal contract in which a borrower pledges collateral to secure a loan or credit facility without transferring ownership of the collateral to the lender.

Guarantees play a crucial role in various business transactions and contracts, providing assurance to parties involved regarding the fulfillment of obligations or the mitigation of risks. Here’s an overview of the different types of guarantees:

A Del Credere Agency is a form of agency relationship where the agent (known as a del credere agent) not…

Engrossment and stamping of a deed are crucial steps in the process of creating a legally binding document, especially in property transactions.

Deeds are legal documents used to transfer property rights, establish legal relationships, or create legal obligations. They typically consist of…