The Legal Glossary
A plain-English dictionary of common contract clauses, terms, and legal jargon affecting Indian businesses today. No more legalese.
Common Contract Clauses
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A 'hold harmless' provision where one party agrees to compensate the other for specific losses or damages. The most heavily negotiated section.
Risk AllocationFrees both parties from obligation when an extraordinary event or circumstance beyond their control (Act of God) occurs.
Restrictive CovenantRestricts an individual or company from actively recruiting the employees or poaching the clients of the other party after the relationship ends.
BoilerplateExplicitly states that if one section of a contract is found to be illegal or unenforceable by a court, the rest of the contract still remains valid.
More terms are generated weekly by our legal AI engine.
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