The Essential Elements of a Partnership. The law relating to partnership is contained in the ‘The Partnership Act 1932. The Essential Elements of a PartnershipDefinition and characteristics:Section 4 of the Partnership Act defines: ‘Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting … [Read more...] about The Essential Elements of a Partnership
Business Law
Promissory Note and Its Essential Elements
Promissory Note and Its Essential Elements. Promissory Note (Pro-Note or Hand Note):A promissory note is an instrument in writing containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to, or to order of a certain person, or the bearer of the instrument. Sec. 4.Promissory Note and Its Essential Elements.The person who … [Read more...] about Promissory Note and Its Essential Elements
5 Business Laws that Ensure your Business is Legal in the USA
5 Business Laws that Ensure your Business is Legal in the USA: If you are looking forward to setting up a business in the USA, you might want to do research. By that I mean, research related to all the federal and business laws that you would be required to comply with. Although a lot of other sorts of research goes into setting up a unique business but doing groundwork on laws … [Read more...] about 5 Business Laws that Ensure your Business is Legal in the USA
7 Legal Tips Before Selling Your Business
7 legal tips before selling your business. [dropcap]W[/dropcap]hen selling a business, your primary concern might be that you get enough money from the sale – and that a buyer is found quickly enough to suit your needs. However, by rushing the process or just looking for a big payout, you might miss out on some opportunities or even make a legal faux pas. Here are seven tips to … [Read more...] about 7 Legal Tips Before Selling Your Business
Ethical but not Legal and Legal but not Ethical Conducts
Legal but not Ethical Conducts and Ethical but not Legal.Legal but not Ethical Conductslegal but not ethicalNot ethical but Legal definition is a major difference. Laws are written and stated and expected to be followed for legal purposes. A code of ethics is unwritten moral rules that differ from person to person and between cultures. Not … [Read more...] about Ethical but not Legal and Legal but not Ethical Conducts