Restrictions on outbound remittance of royalties and lumpsum fee for transfer of technology to be relaxed
Nov 8, 2009 FEMA
n a significant relaxation of a decades old policy, the Government of India has approved a proposal to remove existing restrictions on outbound remittance of royalties and lumpsum fee for transfer of technology, use of trademark and brand name.
Read the rest of this entry »
Tags: collaboration agreements, collaborator, cutting edge technology, foreign direct investment, foreign technology, government of india, indian residents, investment india, investment policy, regulatory approvals, regulatory norms, remittance, remittances, royalty payment, technological capability, technology collaboration
Clauses Make Agreements Flawless
Sep 18, 2009 General Info, Government Policy
In common parlance the terms ‘Agreement’ and ‘Contract’ are used as synonyms. But in legal jargon, these two terms are not the same. Agreement is a vital element for a contract to become valid, but it’s not a contract in itself. The enforceability of an agreement makes it a Contract. It is said that, every Contract is an agreement, but every Agreement is not a contract.
Tags: 1972, business activities, business world, clauses, collaboration agreements, commercial agreements, Contract Act, extreme caution, indemnity clause, Indian Contract Act, legal traditions, Monika Bhardwaj, parlance, technical collaboration, term contract