Agreements

Agreements

Commercial Lease Agreement

Rental agreement or lease deed is designed for leasing or renting commercial property. A rental agreement is a legal agreement which lays down prescribed terms and conditions under which rented property is leased out and this agreement is between the tenant and the landlord. To avoid any kind of dispute in future it is always better to have a rent agreement, most of the time relation between landlord and tenant is cordial though.

Usage

This rent agreement or lease deed format can be used by the lessor and lessee. It is a legal document which has are having force of law and is valid the the court of law in the event of any disagreement between the tenant or landlord.

Execution

This rental agreement must be prepared on a Non-judicial stamp paper with a value of Rs. 100 or more. The rent agreement is usually signed on the payment of the rent by the lessee to the lessor. However, the landlord may decide upon how he wants to execute the rental agreement with the lessee. Two copies of the document are usually executed with each party retaining one of the original copies.

Rent agreement format is sent to you.

Non-Disclosure Agreement (NDA)

NDA is a legally binded contract that establishes a confidential relationship. The parties who sign this agreement agree not to disclose any confidential information to others.

Non-disclosure agreements are common for businesses who are entering into negotiations with other businesses. They mutually agreed not to share any sensitive information to others and are free to talk between themselves without any fear.

Key Points

  • An NDA acknowledges a confidential relationship between two or more parties and protects the information to be disclosed to the outsiders.
  • NDA is common befor discussion before businesses.
  • Employees are often required to sign this agreement to protect an employer’s confidential business information
  • An NDA may also be referred to as Confidential agreement.

The Non-Mutual Agreement

The NDAs are not mutually agreed in case of a new employee. Often businesses make sure that their employees sign the NDA at the time of joining the company so that they cannot share the sensitive information to outsiders about the competitive company.

What to include in NDA

NDAs may be customized to any degree ut there are 6 essential elements which are required to be there an agreement and they are as follows-

  • The name of the parties to the agreement
  • A definition of what constitutes confidential information in this case
  • Any exclusions from confidentiality
  • A statement of the appropriate users of the information to be revealed.
  • The time periods involved
  • Miscellaneous provisions