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If you’re looking for a simple and easy explanation to licensing agreement you’re in the right place. Firstly, a license agreement  lets a party use the patented goods or services of another party if they come to an agreement. Furthermore, the agreement can be used to put in clauses comfortable to the involved parties. Agreements like end-user licensing agreement are a bit different but we’ll explain them all. Moreover, here’s a quick and easy guide to the licensing agreement. Types Of Licensing Agreement There are different types of agreements in India. Moreover, most of them are related to the basic concept of such an agreement. Here are a few types: Firstly, trademark agreement Copyright agreement Also, end-user licensing agreement in case of software Music licensing Service licensing Brand licensing These are just a few of many agreements that exist. Benefits Of An Agreement Firstly, it gives authority to the party that owns the product The agre...

Add caption An accounting department is generally a very important part of any business. Maintaining accurate and up-to-date financial records is crucial for the success of any business. Many Small and Medium Enterprises (SME) try to save resources by not hiring an accounting department and doing their work themselves. Their time can be better spent by particularly doing the tasks they are supposed to do. Finance and accounting tasks can be easily outsourced and crucial resources can be effectively used for more important purposes. We have accordingly presented 10 reasons to outsource finance and accounting services in this article. Click here to know 10 legal services you can outsource. 1. To save time Accounting and bookkeeping tasks can consume a lot of time. Furthermore, pending accounting and bookkeeping tasks can pile up and suck the life out of a business. Outsourcing these tasks can result in the saving of time and other precious resources. 2. To save...

Coupled with the objective to boost the ease of doing business in India , the Ministry of Corporate Affairs (MCA) has taken some initiatives. In this article, we shall understand these reforms more clearly. Exemption of minimum paid-up capital The paid-up capital: the amount accumulated by the sales of the company’s shares.  The MCA has exempted the requirement of minimum paid-up capital for private companies through the Companies (Amendment) Act 2015.  Private companies no longer need to adhere to minimum paid-up capital. This step will increase the ease of doing business significantly. The inception of Central Registration Centre (CRC) Precisely, in an initiative of Government Process Re-engineering (GPR) to provide speedy incorporation related services and to increase the ease of doing business in line with global best practices, the MCA has established a Central Registration Centre (CRC) under Section 396 of the Companies Act 2013(Act) vide notifi...