What is Special Power of Attorney?
A special power of attorney is a document that grants a person legal rights to make financial and legal decisions on behalf of their client. It is also known as a limited power of … READ FULL STORY
Legal
Category: Legal
Home Loans
How to buy a mortgaged property in India?
Purchasing a mortgaged property in India can be an attractive option for many homebuyers. While the process involves additional steps compared to buying a new or resale property without an outstanding loan, it can … READ FULL STORY
Legal
Null and void contract: Everything you should know
A legitimate contract defines the rights, responsibilities and expectations of the parties involved, fostering fairness and acting as a preventive measure against disputes. Conversely, null and void contracts lack legal enforceability, being considered invalid. … READ FULL STORY
Must Knows
All about unilateral contract
An offer made by one party to another is known as a unilateral contract. Under this agreement, the offeree must comply with the offeror’s wishes. The offeror will only be paid if the request … READ FULL STORY
Legal
What is a demand letter? What are its benefits?
A demand letter is a formal letter used to demand that another individual or entity fulfil a legal obligation, which may include rectifying a problem, making a payment, or upholding a contractual commitment. This … READ FULL STORY
Legal
Everything you should know about escalation clause
The escalation clause is significant in the real estate industry. In real estate transactions, buyers include this clause in their offers to increase their chances of winning over other competitive offers. The clause forces … READ FULL STORY
Legal
Husband can’t deny maintenance to second wife: Bombay High Court
A second wife is entitled to claim maintenance under Section 125 of the Code of Criminal Procedure (CrPC), the Bombay High Court (HC) has ruled. Her husband can’t deny her claim if the fault … READ FULL STORY
Legal
All about commercial sublease agreement
In the dynamic world of commercial real estate, companies frequently require flexible solutions to handle changing needs regarding both space and budget. A commercial sublease agreement is when a main tenant (the sublessor) rents … READ FULL STORY
Legal
What is a Hindu Undivided Family (HUF)?
The formation of a Hindu Undivided Family or an HUF is quite common in India for income tax-saving purposes. This guide will help you understand the concept of HUF, how it helps you save … READ FULL STORY
Legal
Who is a coparcener in an HUF?
According to the Merriam-Webster Dictionary, the term coparcener, which has been in use since the 15th century, stands for a joint heir. The Collins Dictionary also defines coparcener as a noun to denote a … READ FULL STORY
Legal
Who is a Karta in a Hindu Undivided Family (HUF)?
Under the Indian succession laws, a Hindu Undivided Family (HUF) consists of coparceners and members. The eldest coparcener of the HUF is the Karta of that family, who acts as the head and is … READ FULL STORY
Legal
What is a partition suit? When is it filed?
In cases where an asset is held jointly by several owners, the need for partition arises to divide it among the owners. Division of joint property or land is a common example. The question … READ FULL STORY
Legal
Can a widow demand partition of joint family property?
After changes were made to the original law applicable to Hindus in 2005, daughters were given the same right into their parents’ property as sons. Just like their brothers, daughters have also been provided … READ FULL STORY
