consequences may be faced by both the parties in case of ambiguities being present in the clause with regards to the coverage of the losses. The reason why indemnity provisions are taken with a pinch of salt is given the laborious enforcement in civil / commercial court cases in India.
Covid-19 Update: Supply Chain Management businesses – What next? (Part 2)
Presently, most LSPs have looked at establishing their facilities by leasing / renting warehouses typically located in the outskirts / designated economic zones / industrial parks located in every state of the country.
Covid 19 Fallout: What To Expect From Your Force Majeure Clause – Recent Guidance from Courts
These cases, probably the first amongst a flurry that are yet to come, establish beyond doubt that force majeure is not a blanket concept to be applied uniformly to the situation arising out of Covid–19 and each case will have to be appreciated on its specific facts.
10 CONSIDERATIONS FOR DRAFTING A ROBUST FORCE MAJEURE CLAUSE
In light of the current global lock-down of unprecedented scale necessitated due to Covid-19, parties have had to revisit their contracts. The clause that has seldom seen such attention is the "force majeure" clause, hiding as a boiler plate provision. Recent publications have widely covered the legal implication and intricacies of how these clauses work.The... Continue Reading →
Representations and warranties in the context of M&A in India
REPRESENTATIONS Traditionally representation and warranties are referred to as a single grouped concept wherein most tend to view them as synonymous terms. However, the two terms are separate and distinct from each other having different characteristics and hence different remedies under law. Understanding the differences between them and using them appropriately is essential to ensure... Continue Reading →
Validity of Non-Solicit, Non-Compete and Non-Poaching Agreements
Non-Solicit and Non-Compete Agreements are no longer uncommon. In order to protect their interests, employers enter into such agreements with their employees at the time of commencing the employee-employer relationship. This period is such that, the employer is in a position of advantage, and the employees, usually blinded by the light of prospective employment... Continue Reading →