Legal Briefs: Bi-Weekly Legal Updates (Volume 1, Issue 2 – December 03, 2023)
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Navigating Technology Development Agreement: Models and Key Constituents
Technology adoption in any business is an unequivocal requisite to sustain and stay relevant in today’s digitally driven and automated world. Integrating technology helps enterprises unlock high level of efficiency, productivity, improved decision making and scalability for their ventures. Generally, businesses have opted for off-the-shelf technology solutions to automate their operations. However, in the present
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An Overview of the Digital Personal Data Protection Act, 2023: Part II
The Digital Personal Data Protection Act, 2023 is a significant step taken by the Indian legislature towards reinforcing the data protection and privacy regime in India. The Act intends to establish the compatibility of the Indian data protection laws with the rapidly evolving approach of processing and deployment of personal data. Further, the Act is
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An Overview of the Digital Personal Data Protection Act, 2023: Part I
The relevancy of data in driving the economic, social and political forces in the digitally driven world is well understood and established. With the high digital exposure of data and its growing value, it has become vulnerable to risks associated with its unauthorized use and manipulation. Data collected and processed digitally in India was primarily
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Key Constituents of an Early Stage Term Sheet: Founder’s View-Point
Any private equity investment transaction in a venture may have multiple stages to it. Right from pitching to closing a particular transaction, each stage is backed by its own nuances and processes. When any venture receives an investment commitment from a potential investor, the same is outlined in a term sheet, which becomes the genesis
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Stock Appreciation Rights Under The Indian Framework
What are Stock Appreciation Rights? Stock appreciation rights (“SARs”) are a form of incentive or deferred compensation tied to the employing company’s stock performance.[1]According to the glossary aggregated by Nasdaq,[2] under a SAR, the employee gets the increase in the stock price from the date of the grant to the date of exercise. However, a
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Angel Tax in India: Considerations and Re-considerations
Framework around ‘Angel Tax’ in India Angel tax refers to a term used in some countries, particularly in India, to refer to a tax that may be imposed on the capital raised by unlisted companies, above the fair market value, through the issuance of shares to the investors. The intention behind introducing angel tax was
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A Primer on the Drone Rules of 2021
The Central Government, in September, 2021, had approved a production linked incentive scheme (“PLI Scheme”) to catalyse the drones and drone components manufacturing industry in India.[1] The PLI Scheme claimed that the drone component manufacturing industry may witness an investment of over INR 5,000 Crore over a period of three years from 2021. The PLI
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What is a Condition Precedent in a Contract? And How is it relevant?
Background:In the late of August 2021, PayU (a Netherlands based fintech group) announced acquisition of BillDesk (an Indian payment gateway provider) for a whooping USD 4.7 Billion, which was supposed to be the second largest buyout of an Indian digital technology company after Walmart’s acquisition of Flipkart for USD 16 Billion back in 2018. [1]
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