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...
Tag - Wills
Introduction: A contract is an agreement that is enforceable by law.[1] However, a Memorandum of Understanding (“MOU”) need not contain legally enforceable promises. This article aims to clarify the usage of both these...
Meaning of Probate: Probate is the term for the legal process in which a will is reviewed to determine its validity and authenticity. It also accounts for general administering...
Introduction The rights and legal status of a nominee and a legal heir have been a point of discussion for some time now. One of the key legal concerns that has been called into question is whether the rights of a nominee...
Introduction In order to name the custodians of our assets it is imperative that we know the meaning and legal implications of appointing them. Nominees and legal heirs have been clearly given their roles and responsibilities...
Introduction A will, in general, is a legal declaration of the testator’s intentions regarding his property which he desires to be carried into effect after his death. A testator has the right to amend his will at any moment...
Importance of making a Will Any individual possessing and owning certain disposable property/ies would want to safeguard them after their death, by a proper distribution and allocation of such property/ies. However, a...
Meaning A “Will” is a testamentary document which carries the maker’s/testator’s intention, in writing, to dispose of any property in his/her name and the manner in which such disposition shall take place. A...