WHAT IS DEFI? Decentralized Finance (“DeFi”) refers to financial applications built on blockchain technologies, typically using smart contracts. Smart contracts are automated enforceable agreements that do not...
Tag - business
Decentralized Autonomous Organisation (“DAOs”) are essentially group of code that automatically execute whenever a set of criteria are met. DAOs can be referred to as governing bodies that looks after the...
WHAT IS BLOCKCHAIN? A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. It is a shared, immutable ledger that facilitates the process of recording transactions and tracking...
What is a Privacy Policy? A Privacy Policy is a document on any/all website that tells every user how and why you’re collecting their information. It spells out how you use that data, why you use it, and if it’s shared...
Introduction: Terms of use are added to a website to clearly outline the rules and regulations that a user/visitor must agree to and abide by while using your website. Once accepted, it forms a binding e-contract between the...
Introduction: Every company has certain responsibilities and compliances which need to be followed. For this, the company appoints an officer who is responsible in case of any default of such compliances. The designation of...
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 Introduction of Artificial Intelligence (“AI”) and robotic process automation are providing spectacular customer services to borrowers. A research was conducted by Accenture on impact of AI on profitability...
What are the types of NFBCs? Non-Banking Financial Companies (“NBFC”) have come into prominence post the pandemic and the start-up boom in the country. The reason being NBFCs provide seamless and prompt lending services...
The intellectual property (IP) laws are getting stringent around the world. This is on account of massive wave of content creation and its consumption on user generated content platforms like YouTube. It has led to rampant IP...