Getting probate is recommended in circumstances where the legality of the Will may be challenged in the future on any grounds. Here’s an explanation of what probating a will comprises and why it’s necessary.… Read more
Everything You Need to Know About Letters of Credit (LC)
Tags: LCLegalLetters of Credit
Letters of Credit (LC) are payment instruments used in international commerce to give financial assurance from a creditworthy bank to an exporter. Letters of credit mitigate expenses in international commerce transactions when the buyer and seller are acquainted with each other. Your organisation can only settle for items when the seller produces proof of shipment by letter of credit.… Read more
A woman’s property rights after divorce
Legal issues are frequently difficult and need expert help to be effectively channelled. However such an issue is a woman’s right after divorce, and under what conditions may a separated or divorced wife assert her right to her husband’s property? Continue reading to find out.… Read more
Understand The Laws And Circumstances Before Purchasing Property In The Name Of A Minor
Tags: Real EstateRealty Guide
A property transaction is only feasible if the buyer is over the age of 18. He is required to sign the contract and deeds. According to the Indian Majority Act of 1875 and the Indian Contract Act of 1872, a minor under the age of 18 is not entitled to sign any instrument relating to property transactions. It can only be performed when a guardian or parent legally responsible for the child is permitted to sign.… Read more
Know the differences between Caveat Petition and Legal Notice
Tags: Legal
What is a Caveat petition
A caveat petition is a criminal notice filed with the judge by an engagement party to protect their interests in a specific case. The petition is a method to prevent another party from taking any action in a be counted without first giving notice to the relevant party. It can be utilized to prevent someone from doing any additional action that might harm the character who filed the caveat petition.… Read more
What is Ex Gratia Payment?
Tags: LegalReal Estate
An ex gratia payment is provided to a person by a government, agency, or insurance for damages or claims, but it no longer necessitates the party making the payment to admit legal culpability.… Read more
What is an affidavit, its Importance, and format
Tags: IndiaLegalRealty Guide
An affidavit is a written declaration of events that is proclaimed to be accurate and delivered before a person with authority. In India, an affidavit can be sworn before the following people:… Read more
Overview, Function, and Application of a Bonafide Certificate
Tags: Legal
Throughout ancient times, bonafide certificates have held great value and significance. The essay goes into great length on the numerous features of a bonafide certificate.… Read more
All about the SARFAESI Act
Tags: Real Estate
The SARFAESI Act was passed on December 17, 2002, to lay out procedures to enable Indian creditors to recover their debts swiftly. The SARFAESI Act allows banks and other financial institutions to immediately sell residential or commercial properties that have been pledged with them to get better loans from borrowers. Before the passage of this Act, businesses had to resort to civil suits in the courts to recover their debts, which was a lengthy and time-consuming procedure.… Read more
Difference Between Sale Settlement & Agreement of Sale
Tags: Real Estate
When buying or selling immovable property, it’s critical to protect your investment with a legal agreement. However, the type of settlement that is reached may also differ depending on how the events are resolved. In general, there are two types of contracts: the settlement of sale, in which the transfer of property is guaranteed at a future date, and the sale deed, which contains an immediate transfer of property rights. As a result, the covenant is created based on the nature of the customer-vendor relationship.… Read more
