Introduction: When there is a breach of contract, liquidated damages and/or a penalty are due. While the terms penalty and liquidated damages may sound similar, there is a distinct difference between them. In this article, we will look at the laws that govern the payment of compensation in the event of a contract breach. Penalty…
Introduction Indemnity is a legal concept expressed in the form of a contract or mentioned as a clause in commercial contracts, in which a party promises to compensate the indemnified party for losses incurred as a result of the promisor’s or any third party’s actions. It can also be used to cover expenses incurred in…
Market surveillance is the detection and investigation of unfair, manipulative, or unlawful trading actions in the securities markets. With confidence in the fairness and accuracy of transactions, buyers and sellers are prepared to participate in orderly markets, which are supported by market surveillance. Without market regulation, a market might become disorganised, which would deter investment…
INTRODUCTION One of the most significant amendments to the Indian Constitution is the 42nd Amendment Act of 1976 enacted by the Indian National Congress, led by Indira Gandhi. This Act is also known as the “Mini Constitution” because of the large number of revisions it made to the Constitution of India. The 42nd Amendment Act…
Introduction The constitution contains the rights and duties of citizens along with the set of rules and regulations defining the relationship between the state and the citizens, the duties and powers of the state, and its instrumentalities. The constitution of India is adopted on the 26th of November 1949 and on the 26th of January…
Introduction A constitution is a set of rules and regulations on how a country should be governed. The constitution of a country lays the foundational law and principles on which the people are to be governed and also carves out the basic structure of the political system. The roles and responsibilities of different organs of…
Act so that maxim of your act could be made the principal of universal law Immanuel Kant INTRODUCTION A well-known legal theory, proposition, or concept, typically articulated in Latin, is known as a legal maxim. The majority of these Latin proverbs were first used by European governments that used Latin as their official language in…
Introduction Halsbury explained indemnity as a contract, express or implied to keep a person, who has entered into or who is about to enter into, a contract or incur any other liability, indemnified against loss, independently of the question of whether a third person makes a default. Adamson v. Jarvis[i], on the defendant’s instructions, the…
Introduction: In India, lesbian, gay, bisexual, and transgender (LGBT) rights have progressed dramatically in recent years. However, Indian LGBT individuals continue to suffer societal and legal challenges that non-LGBT citizens do not encounter. What do you understand by LGBTQ? LTGQB are abbreviations for lesbian, gay, bisexual, transgender, queer or questioning. These phrases refer to a person’s…
INTRODUCTION To advertise our nation’s distinctive goods and maintain traditional crafts, the government intends to create the Gems of Our Heritage campaign. This would highlight Geographical Indication (GI) items from all over India and encourage the application for GI registration of further products. In addition to increasing the local market’s visibility and potential, the GI…
