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What and how Property Lawyers do their job

What’s real estate law all about? What's it that real estate lawyers do and how do they do it? These are the queries that pop up in one’s mind as one gets initiated in the real estate business and the only way one can get answers to these questions is by seeking advice. Oftentimes even after paying a couple of lakhs of rupees as a down payment on a flat, that is under construction the builder or developer does not start construction work on the plea that due to unforeseen circumstances, the construction work had to be withheld. A few months could very well have elapsed and the work may be pending. At this point, the developer/builder may be asked by the homeowner to clarify matters. Once the seemingly lackadaisical attitude of the developer is noticeable heated arguments may ensue followed by threats of a possible lawsuit by the homebuyer. The threat of a lawsuit is a deterrent for the contractor/builder who may retaliate by waiving off suing rights by signing one of the legal documents. Subsequently, the contractor who was unresponsive and had bolted would take the initiative of contacting the homebuyer. The homebuyer may ask the contractor to share copies of all relevant documents. If there is documentary evidence of waiving off suing rights amongst other rights then, in that case, it gets complicated, someone with little or no experience at all in real estate law ought to refer the case to an expert real-estate lawyer after providing initial legal advice.   Real estate laws, rules, and regulations Through networking, the extent of involvement in these matters is transparent. One may realize how real estate laws, rules, and regulations may affect one's daily lives. It can be intriguing knowing what is it that the real estate lawyers exactly do and more importantly how? The answer partially is - there are real estate law courses that qualify them to practice real estate law. Call 7604047601 for consultation with registered expert property lawyers on Vidhikarya.

Posted By

Avik Chakravorty

4 days ago

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India’s arguably generous maternity law benefits m...

In India, working mothers-to-be are far better-of than most of their peers in the developed world, however, the country’s maternity laws are archaic. A year or two ago, the country passed the Maternity (Amendment) Bill aimed at working women and their right to paid maternity leave from 12 weeks to 26 weeks which is the world’s third-highest. There is a no-win situation nonetheless — the law is meant for companies with a headcount of at least ten employees which is just a minuscule proportion of the working women of India.This limitation in maternity benefits is an upshot of the desire of the elite of India to merely mimic policies that are both purposed and executed in the West, without any sort of fine-tuning suiting Indian conditions. The maternity bill is an exemplary bill – phantom legislation that passes laws that don't have and in all probability will not be as effective as required. Progress or that one is doing something is an illusion, and is given, but the reality is something else. There is an ideological dimension to the law which is a part and parcel of what the Indian elite believes is good, just, and prestigious in communities transcending boundaries.Symbol of progressCanada and Norway are the only two countries, with GDPs per capita of 27 and 47 times higher than India’s, respectively, provide protracted maternity leaves in comparison with India. The moot point, however, isn’t the perception of generosity, but how the law is applied.It was estimated that the vast majority of Indian women shun work. While on the one hand the unorganized sector is comprised of over 80% of women working for companies with an employee headcount of less than ten. On the other hand, the organized sector comprises of 16% women workers, who do informal work, where the maternity law is not applicable.A more realistic assumption would be that a meagre 20% of the females work in the organized sector, then the law is potentially applicable to simply 1.3% of the workforce, or not even 1% of all females.Considering these off-the-cuff calculations, the unanswered question is why would India deplete its invaluable resources on ratifying a law that is applicable to a minuscule section of its growing population.Call 7604047601 for consultation with a registered expert maternity lawyer on Vidhikarya.

Posted By

Avik Chakravorty

1 week ago

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Consult Top Equipment Finance and Leasing Lawyers in India

Mohd  Salman

Mohd Salman

As a Lawyer
Exp
Lucknow , Uttar Pradesh

Specialization

  • Equipment Finance and Leasing
  • Animal Laws
  • Debt and Lending Agreement
  • Election Campaign and Political Laws
  • Environment and Natural Resources
MURUGAMANI  SUBRAMANIAM

MURUGAMANI SUBRAMANIAM

LEGAL ADVISOR
Exp
Mumbai suburban , Maharashtra

Specialization

  • Equipment Finance and Leasing
  • Civil
  • Real Estate
  • Advertising
  • Animal Laws
Murugesh  Ramiah

Murugesh Ramiah

Partner
Exp
Bangalore , Karnataka

Specialization

  • Equipment Finance and Leasing
  • Family
  • Contracts and Agreements
  • Landlord and Tenant
  • Will
Assuredjustice.com is a technology driven legal services provider. Our practice areas include Family law, Real Estate, Mergers & Acquisitions, Civil law, Corporate Law, NCLT, CAT, Consumer Courts, Labor & Employment Law, Patents, Trademarks & Intellectual Property. View Full Profile
Abhinav   Bhattacharya

Abhinav Bhattacharya

Legal Practitioner/ Advocate
Exp
Lucknow , Uttar Pradesh

Specialization

  • Equipment Finance and Leasing
  • Advertising
  • Animal Laws
  • Aviation
  • Debt and Lending Agreement
ASOK KUMAR SAHA

ASOK KUMAR SAHA

Advocate Civil Litigation
Exp
Nadia , West Bengal

Specialization

  • Equipment Finance and Leasing
  • Debt and Lending Agreement
  • Landlord and Tenant
  • Military Laws
  • Power of Attorney
I take decisions based on facts which helps me to serve my clients loyally View Full Profile
Sunil  Srivastava

Sunil Srivastava

Advocate Civil court Gorakhpur
Exp
Gorkakhpur , Uttar Pradesh

Specialization

  • Equipment Finance and Leasing
  • Civil
  • Adoption
  • Consumer Protection
  • Contracts and Agreements
I have been practicing at Civil court Gorakhpur Uttar pradesh for 30 years. View Full Profile
Supratim  Basu

Supratim Basu

Advocate in Practice
Exp
Kolkata , West Bengal

Specialization

  • Equipment Finance and Leasing
  • Civil
  • Advertising
  • Animal Laws
  • Aviation
Jayaraj  KP

Jayaraj KP

Independent Law Practise
Exp
Thiruvananthapuram , Kerala

Specialization

  • Equipment Finance and Leasing
  • Debt and Lending Agreement
  • Environment and Natural Resources
  • Landlord and Tenant
  • Police Laws
Prateek  KHANDELWAL

Prateek KHANDELWAL

SENIOR PARTNER
Exp
Jaipur , Rajasthan

Specialization

  • Equipment Finance and Leasing
  • Criminal
  • Cheque Bounce
  • Civil
  • Administrative Law
We at prateek khandelwal advocates and associates believe in honesty, commitment, and sincerety, we deal in all kind of criminal , civil and service matters. View Full Profile
gunturi  chandra mouli

gunturi chandra mouli

lawyer
Exp
West Godavari , Andhra Pradesh

Specialization

  • Equipment Finance and Leasing
  • Debt And Lending Agreement
  • Election Campaign And Political Laws
  • Landlord And Tenant
  • Maternity
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  • What is Equipment Finance and Leasing?
  • What is an Equipment?
  • What is a Lease?
  • What is Financial Leasing?

Equipment Finance and Leasing speeds up the normal transactions in commercial world and thus boosts the growth in business. Since it affects the business cycle in a big way, and it is used generally by the SMES to establish and build themselves up, so the lawmakers have kept it open for the partied to decide.

Vidhikarya will help you find a most suitable lawyer, for you in your city, who will be able to answer all your Equipment Finance and Leasing related queries, whether you are the c or payee, and also guide you on how to resolve this matter with ease.

About Equipment Finance and Leasing


Equipment are machinery which are required to convert the raw materials in to finished products so that they fetch a higher market price when sold to the consumers and in order to have the finished product of the desired quality which meets the taste and preferences of the consumers new and emerging techniques are required which are coupled in the form of a machinery and they are very costly. For small businesses mostly the SMEs it is not possible to purchase the same by cash as they have very little working capital and thus in order to overcome this situation there is an option of Equipment finance.

Leasing is the way by which the Right to use of a property is transferred from the owner of the property called the Lessor and to whom the same is transferred is called the Lessee. Only the right to use the property is transferred and not the ownership with limited/restrictive use which is not in the nature of restriction to enjoyment of the property but only for sub – leasing or other use as agreed between the lessor and lessee.

Financial leasing refers to a "distinctive triangular relationship" requiring three discrete parties: (1) a lessor who propels reserves for the buy of the equipment which constitutes the subject of the leasing exchange, (2) a lessee who chooses the equipment and pays a rental charge for the privilege to utilize it, and (3) a supplier who pitches the equipment to the lessor. Financial leasing additionally connects two independent, yet interrelated, and gets: a leasing agreement between the lessor and lessee, and a supply understanding between the supplier and lessor

So, what Vidhikarya can do for you is that it will help you in finding and engaging a right and suitable lawyer for your cause.

We at Vidhikarya endeavour to help you and assist you in finding the right lawyer in your city or otherwise so that you can go ahead and peacefully get your legal matter resolved. You do not have to worry on how to hire a lawyer or find an advocate for your matter. You can simply dump the question of “find an advocate in my city” to Vidhikarya and just relax.

What are the applicable laws to Equipment Finance and Leasing?


Indian Contract Act, 1872
Since, there are no direct laws, and Equipment finance and leasing being contractual relationships are governed by the said act. As per the said act, an agreement which is enforceable in law is a contract.

The General Clauses Act, 1897
The said act applies to documents which means to include any matter written, expressed or described upon any substance by means of letters, figures or marks, or by more than one of those means which is intended to be used, or which may be used, for the purpose or recording that matter.

Some important facts about Equipment Finance and Leasing


The Offences in relation to Equipment Finance and Leasing is rectifiable
The offence is rectifiable by making good the loss sustained by the other party due to the non-fulfilment of promises by one party.

The matter can be resolved without going to Court
In case of any discrepancy or disagreement between the parties the matter can be resolved faster without going to court.

Rights and obligations of the parties
The rights and obligations of the parties are well decided in advance.

Important Events for triggering action under Equipment Finance and Leasing


  • The non-fulfilment of the terms of contract must take place which is the result of the default of at least one of the parties.
  • The contract becomes voidable.

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