What is POSH Policy? The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (“POSH Act”) was enacted ensure a woman’s right to live with dignity and the right to...
Category - Employment and HR
What is a Maternity Benefit policy? Article 42 of Directive Principles of State Policy states that, “the State shall make provisions for securing just and humane conditions of work and for maternity...
The Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017 (“Act”) lays down conditions for employment of women in general, and/or during night-shifts. General...
What is a non-compete clause? It restrains a party to the contract from providing assistance or services to direct competitors of the other party, while the agreement is in subsistence. Moreover, this restrain is extended post...
Introduction: Employee Stock Option Plan (“ESOP”) is an option granted to the employees to acquire certain number of shares allotted by the company, at a pre-determined price, at a future date. ESOPs are allotted only...
What is an Employee Stock Option Plan (“ESOP”)? When company gives an employee the option to buy stocks of the company in the future, but at a pre-determined price, it is termed as ESOPs. It is an option given to the...
Introduction: An employment agreement is the fundamental instrument which governs every miniscule aspect of the employer-employee relationship. It lays down the rights, duties, and expectations of the parties during the course...
Meaning The word ‘waiver’ means to give up a right or interest by choosing (intentionally or not) to let the opportunity to enforce the right or interest pass. In simple words, to waive something means to not enforce...
What is a Non-disclosure agreement (“NDA”)? A non-disclosure agreement is a document that establishes a confidential relationship between the parties to it. The party/parties signing the NDA agree that any...
Do you need legal assistance at an early stage of business? How do you assess your legal risks? Every early-stage entrepreneur is faced with these questions. During the inception of the business, entrepreneurs are usually...