can I make loan agreement from a person living in a far off place? can I make loan agreement from a person living in a far off place?

I want to lend a loan of 1 lak rupees to my friend who lives in ORISSA , where as I live in Punjab. I want make loan agreement for security.

2 Response(s)

Posted 3 months ago


A. Dear Client,
Yes, you can lend money to a person who lives in different state and a loan agreement signed by both party or either of the party will serve for the security purpose. In case you are giving a mortgage loan you have to register it with the Sub- registrar of assurances.
Thank You.

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FILE COMPLAINT ON MY BUSINESS PARTNER FILE COMPLAINT ON MY BUSINESS PARTNER

SIR/MADAM, HOW TO FILE COMPLAINT ON MY BUSINESS PARTNER NOT ALLOWING ME TO JOIN THE BUSINESS. WE WERE TOGETHER AT THE INITIAL STAGE OF THE BUSINESS AS THE BUSINESS DAYS GOES ON FOR FEW MONTHS THEY ( B

3 Response(s)

Posted 4 months ago


A. Dear Sir,
You may approach nearest police station and lodge a complaint or approach Civil Court and get an interim order.

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Ex employer not allowing to work for the new employer? Ex employer not allowing to work for the new employer?

My company is not giving hike from three years , I got a better opportunity with other company, so I served my notice period. but now current employer is not allowing to work with new job and making p

3 Response(s)

Posted 4 months ago


A. Dear Sir,
You may approach office of Labor Commissioner and sought out your problem otherwise get issue a legal notice and teach a lesson to the new employer.

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Msme matter harassment Msme matter harassment

A medium industry gives a contract to a micro industry to do a job. Shortly after starting the work, the medium industry does not provide the raw material, resources to the micro industry on time. D

2 Response(s)

Posted 4 months ago


A. Hi,
If there was a stipulation in the contract that the medium industry shall provide the required materials to the micro industry for the purpose of manufacturing/the work, that shall amount to a breach of contract if they don't provide the materials. The medium industry shall be responsible for the losses of micro-industry pursuant to the said breach. You can contact a lawyer and move legally.
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Thank You

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Franchisee Areement Breach Franchisee Areement Breach

Sir i have invested 25 lakhs to one prvate ltd company. It is a registered company in chennai. They given agreement for 25 lakshs investment to that company which states that every month i will get 2.

2 Response(s)

Posted 4 months ago


A. Dear Sir,
The agreement can entered by you is illegal since you are not supposed to get interest more than the rates prescribed by the RBI and in the similar manner such company cannot lure the people offering more interest rates which are above the interest rates prescribed by the RBI. Without any legal hassles you may get postdated cheques from the Company atleast.

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User Agreement, privacy policy, disclaimer User Agreement, privacy policy, disclaimer

I need help to getting ready with terms of use, privacy policy, etc for my new laughing website

2 Response(s)

Posted 4 months ago


A. Just refer to terms of other such websites so that you get an idea of what all to compile. Anyhow you are suggested to get the same reviewed by any lawyer if possible to be on the safer side. Thank you.
If you have found the answer helpful than please click ? as appreciation and provide review and give***** as appreciation.

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employment bond employment bond

I have started working in a company from February 2017 and I have signed an employment bond for a period of 4 years. I worked from February 2017 to November 2019 for a period of 33 months out of 48 mo

2 Response(s)

Posted 4 months ago


A. Hi,
If you were not absconding and can provide the proof of the communication to the police, then it would be considered as a civil case. Now, if the refuse to issue experience letter, then you can file a complaint in the office of the labor commissioner, and get the issue resolved.
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Agreement dispute Agreement dispute

My name is Md Mansoor Alam .I made an agreement with a consultant that if after going through their training programme I accept any job offer ,I would have to pay certain amount of money to the cons

2 Response(s)

Posted 4 months ago


A. Hi,
Whether you have accepted the offer or not, will depend on the fact that whether you have joined the company or not. If you have not joined the company, then you are not bound to pay any penalty. But if you had joined the company, then it would be deemed that you have accepted the offer letter, in that case you are bound to pay the amount.
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Loan agreement Loan agreement

Is it legal if i have transferred some money on 3 different dates in the past to spouse for her business needs ( on a gap of 15 days between each transaction) and after all transfers make one loan agr

2 Response(s)

Posted 4 months ago


A. Hi,
No, there is nothing illegal in your transaction. RBI has mandated that for every transaction above Rs. 50, 000, your PAN number has to be quoted. Besides that you can include these transaction in a single loan agreement. There is nothing illegal in doing that.
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offer letter contract clause- liquidated damage query offer letter contract clause- liquidated damage query

I got an offer letter from a company and it was written in the offer letter that "Upon acceptance of this Offer/Letter (“Contract”), should you fail or refuse to commence the performance of duties

3 Response(s)

Posted 5 months ago


A. Hi,
You have to abide by the terms of the contract. You can take any decision you like and the company can't force you to comply with the agreement. But they can sue you for the breach and ask for compensation.
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Thank You

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Latest Response 5 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal