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Creating Legal Agreement Template
Summary
To create a legal agreement limiting liability, include indemnity and limitation of liability clauses. Specify that directors are not responsible for fraud, illegal activities, or legal issues under the company banner. Ensure compliance with local laws and industry standards. The agreement should be governed by the laws of Madhya Pradesh and include terms for confidentiality, dispute resolution, and force majeure. A non-compete clause can prevent the second party from engaging in competing businesses. The agreement is valid for three years, with termination requiring settlement of dues. Regular audits and reporting ensure compliance, and any non-compliance may lead to termination. Consider consulting a legal professional for detailed guidance.Full Conversation
i want to create a legal agreement for my company with second party where we will not be responsible for any kind of work, payments and any legal issue with second party responsible in association with my company name, premise and equipments
Sachin, you can create a legal agreement to limit your company's liability by including certain clauses:
- Indemnity Clause: The second party agrees to indemnify your company for any losses, damages, or liabilities.
- Limitation of Liability: Specify that your company is not responsible for any work, payments, or legal issues.
- Governing Law: Mention that the agreement will be governed by the laws of Madhya Pradesh.
Would you like more detailed guidance or a template for such an agreement?
- Indemnity Clause: The second party agrees to indemnify your company for any losses, damages, or liabilities.
- Limitation of Liability: Specify that your company is not responsible for any work, payments, or legal issues.
- Governing Law: Mention that the agreement will be governed by the laws of Madhya Pradesh.
Would you like more detailed guidance or a template for such an agreement?
yes
Sachin, I can provide you with a template for such an agreement. Here is a basic outline:
*. Parties Involved:
- Names and details of both parties.
*. Indemnity Clause:
- "The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities."
*. Limitation of Liability:
- "The First Party shall not be responsible for any work, payments, or legal issues arising from the Second Party's activities."
*. Governing Law:
- "This agreement shall be governed by the laws of Madhya Pradesh."
*. Term and Termination:
- Duration of the agreement and conditions for termination.
*. Signatures:
- Signatures of both parties.
Would you like any specific clauses to be included?
*. Parties Involved:
- Names and details of both parties.
*. Indemnity Clause:
- "The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities."
*. Limitation of Liability:
- "The First Party shall not be responsible for any work, payments, or legal issues arising from the Second Party's activities."
*. Governing Law:
- "This agreement shall be governed by the laws of Madhya Pradesh."
*. Term and Termination:
- Duration of the agreement and conditions for termination.
*. Signatures:
- Signatures of both parties.
Would you like any specific clauses to be included?
first party Mr. Sachin **** and Mrs Tulsi **** Director of Ruvim Infotech Pvt Ltd, dewas Madhya Pradesh and Second Pary Benjamin Mathews resident of Ayroor kerala India
Sachin, I've noted the details of the parties involved. You can include the following specific clauses in your agreement:
- Parties Involved: Clearly mention the full names and addresses of both parties.
- Indemnity Clause: State that the second party will indemnify the first party.
- Limitation of Liability: Specify the limitations clearly.
- Governing Law: Mention Madhya Pradesh.
- Term and Termination: State how long the agreement lasts and how it can be terminated.
- Signatures: Include spaces for signatures and dates.
Would you like assistance drafting any other specific clauses?
- Parties Involved: Clearly mention the full names and addresses of both parties.
- Indemnity Clause: State that the second party will indemnify the first party.
- Limitation of Liability: Specify the limitations clearly.
- Governing Law: Mention Madhya Pradesh.
- Term and Termination: State how long the agreement lasts and how it can be terminated.
- Signatures: Include spaces for signatures and dates.
Would you like assistance drafting any other specific clauses?
Parties Involved: Mr. Sachin **** and Mrs. Tulsi **** Resident of Anand Nagar, Dewas Madhya Pradesh as Directors of Ruvim Infotech Pvt Ltd, having office at Address: H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh * and Second Party Mr. Benjamin Mathews Resident of *, Ayroor Thelliyoor, thiruvalla Kerala state
- Indemnity Clause: State of Madhya Pradesh
- Limitation of Liability: directors will not be responsible of any kind of fraud, illegal activity, payment loss, non payment of employees associated with company, any legal matters and unauthorised activity of second party in terms of financial issues or legal terms
- Governing Law: Mention dewas Madhya Pradesh.
- Term and Termination: next 3 years and termination along with clear all dues in terms of company law and accounts
- Signatures: Include spaces for signatures and dates.
Would you like assistance drafting any other specific clauses?
Sachin, it looks like you have a clear structure for your agreement. Here is a concise draft based on your details:
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Legal Agreement
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
Governing Law:
This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
This agreement is valid for three years. Termination must be accompanied by the settlement of all dues in compliance with company law and accounts.
Signatures:
- First Party:
- ____________________________ (Mr. Sachin ****)
- ____________________________ (Mrs. Tulsi ****)
- Second Party:
- ____________________________ (Mr. Benjamin Mathews)
- Date:
- ____________________________
---
Would you like assistance with any additional clauses or further customization?
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
Governing Law:
This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
This agreement is valid for three years. Termination must be accompanied by the settlement of all dues in compliance with company law and accounts.
Signatures:
- First Party:
- ____________________________ (Mr. Sachin ****)
- ____________________________ (Mrs. Tulsi ****)
- Second Party:
- ____________________________ (Mr. Benjamin Mathews)
- Date:
- ____________________________
---
Would you like assistance with any additional clauses or further customization?
draft in detail with terms and condions as per company law
Sure, Sachin! Here's a more detailed draft with terms and conditions as per company law:
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Legal Agreement
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
- The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
- The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
Governing Law:
- This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
- This agreement is valid for three years. Termination mustbe accompanied by the settlement of all dues in compliance with company law and accounts.
Conditions:
- Confidentiality: Both parties agree to keep any sensitive information confidential and not disclose it to third parties without consent.
- Dispute Resolution: Any disputes arising from this agreement will be resolved through arbitration in Dewas, Madhya Pradesh.
- Force Majeure: Neither party will be liable for any failure to perform due to unforeseen circumstances beyond their control.
- Assignment: This agreement cannot be assigned to another party without the written consent of both parties.
Signatures:
- First Party:
- ____________________________ (Mr. Sachin ****)
- ____________________________ (Mrs. Tulsi ****)
- Second Party:
- ____________________________ (Mr. Benjamin Mathews)
- Date:
- ____________________________
---
Would you like to add any other specific clauses or need further customization?
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
- The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
- The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
Governing Law:
- This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
- This agreement is valid for three years. Termination mustbe accompanied by the settlement of all dues in compliance with company law and accounts.
Conditions:
- Confidentiality: Both parties agree to keep any sensitive information confidential and not disclose it to third parties without consent.
- Dispute Resolution: Any disputes arising from this agreement will be resolved through arbitration in Dewas, Madhya Pradesh.
- Force Majeure: Neither party will be liable for any failure to perform due to unforeseen circumstances beyond their control.
- Assignment: This agreement cannot be assigned to another party without the written consent of both parties.
Signatures:
- First Party:
- ____________________________ (Mr. Sachin ****)
- ____________________________ (Mrs. Tulsi ****)
- Second Party:
- ____________________________ (Mr. Benjamin Mathews)
- Date:
- ____________________________
---
Would you like to add any other specific clauses or need further customization?
what other terms and conditions we can include for first party security
You can consider including the following additional terms for enhanced security:
- Non-Compete Clause: The second party agrees not to engage in any business competing with the first party during the term of the agreement and for a specified period after termination.
- Insurance Clause: The second party must maintain adequate insurance coverage to cover potential liabilities.
- Compliance Clause: The second party agrees to comply with all applicable laws and regulations.
Would you like more details on any of these clauses?
- Non-Compete Clause: The second party agrees not to engage in any business competing with the first party during the term of the agreement and for a specified period after termination.
- Insurance Clause: The second party must maintain adequate insurance coverage to cover potential liabilities.
- Compliance Clause: The second party agrees to comply with all applicable laws and regulations.
Would you like more details on any of these clauses?
explain compliance clause
A compliance clause ensures that the second party adheres to all relevant laws and regulations. It typically includes:
- Obligation to follow all applicable local, state, and federal laws.
- Adherence to industry standards and best practices.
- Commitment to obtaining necessary licenses and permits.
- Regular audits and reporting to verify compliance.
Would you like further details on how to draft this clause?
- Obligation to follow all applicable local, state, and federal laws.
- Adherence to industry standards and best practices.
- Commitment to obtaining necessary licenses and permits.
- Regular audits and reporting to verify compliance.
Would you like further details on how to draft this clause?
how to draft this clause
Sure, Sachin! Here's a detailed Compliance Clause for your agreement:
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Compliance Clause:
- Legal Compliance: The Second Party agrees to comply with all relevant local, state, and federal laws, regulations, and ordinances.
- Industry Standards: The Second Party shall adhere to all applicable industry standards and best practices.
- Licenses and Permits: The Second Party is responsible for obtaining and maintaining all necessary licenses and permits required for their operations.
- Audits and Reporting: The Second Party agrees to regular audits and shall provide necessary reports to verify compliance with this agreement.
- Non-Compliance: Any failure to comply with this clause may result in termination of the agreement and potential legal action.
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Would you like to add any other specific clauses or need further customization?
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Compliance Clause:
- Legal Compliance: The Second Party agrees to comply with all relevant local, state, and federal laws, regulations, and ordinances.
- Industry Standards: The Second Party shall adhere to all applicable industry standards and best practices.
- Licenses and Permits: The Second Party is responsible for obtaining and maintaining all necessary licenses and permits required for their operations.
- Audits and Reporting: The Second Party agrees to regular audits and shall provide necessary reports to verify compliance with this agreement.
- Non-Compliance: Any failure to comply with this clause may result in termination of the agreement and potential legal action.
---
Would you like to add any other specific clauses or need further customization?
draft non compete clause
Sure, Sachin! Here's a detailed Non-Compete Clause for your agreement:
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Non-Compete Clause:
- Non-Compete Obligation: The Second Party agrees not to engage in any business or activities that compete with the First Party's business during the term of this agreement and for a period of [insert time period, e.g., one year] after the termination of this agreement.
- Geographical Scope: This non-compete obligation applies within the geographical area of [insert area, e.g., Madhya Pradesh or specific regions].
- Prohibited Activities: The Second Party shall not directly or indirectly own, manage, operate, consult, or be employed in any business similar to the First Party's business.
- Confidential Information: The Second Party shall not use any confidential information obtained during the term of this agreement to compete with the First Party.
- Enforcement: Any breach of this clause will entitle the First Party to seek injunctive relief, damages, or any other legal remedies available under the law.
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Would you like to add any other specific clauses or need further customization?
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Non-Compete Clause:
- Non-Compete Obligation: The Second Party agrees not to engage in any business or activities that compete with the First Party's business during the term of this agreement and for a period of [insert time period, e.g., one year] after the termination of this agreement.
- Geographical Scope: This non-compete obligation applies within the geographical area of [insert area, e.g., Madhya Pradesh or specific regions].
- Prohibited Activities: The Second Party shall not directly or indirectly own, manage, operate, consult, or be employed in any business similar to the First Party's business.
- Confidential Information: The Second Party shall not use any confidential information obtained during the term of this agreement to compete with the First Party.
- Enforcement: Any breach of this clause will entitle the First Party to seek injunctive relief, damages, or any other legal remedies available under the law.
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Would you like to add any other specific clauses or need further customization?
regenerate the whole documents including all mentioned clause in detail
Sure, Sachin! Here is the detailed draft of your legal agreement including all the mentioned clauses:
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Legal Agreement
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
- The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
- The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
Governing Law:
- This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
- This agreement is valid for three years. Terminationmust be accompanied by the settlement of all dues in compliance with company law and accounts.
Conditions:
- Confidentiality: Both parties agree to keep any sensitive information confidential and not disclose it to third parties without consent.
- Dispute Resolution: Any disputes arising from this agreement will be resolved through arbitration in Dewas, Madhya Pradesh.
- Force Majeure: Neither party will be liable for any failure to perform due to unforeseen circumstances beyond their control.
- Assignment: This agreement cannot be assigned to another party without the written consent of both parties.
Compliance Clause:
- Legal Compliance: The Second Party agrees to comply with all relevant local, state, and federal laws, regulations, and ordinances.
- Industry Standards: The Second Party shall adhere to all applicable industry standards and best practices.
- Licenses and Permits: The Second Party is responsible for obtaining and maintaining all necessary licenses and permits required for their operations.
- Audits and Reporting: The Second Party agrees to regular audits and shall provide necessary reports to verify compliance with this agreement.
- Non-Compliance: Any failure to comply with this clause may result in termination of the agreement and potential legal action.
Non-Compete Clause:
- **
---
Legal Agreement
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
- The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
- The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
Governing Law:
- This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
- This agreement is valid for three years. Terminationmust be accompanied by the settlement of all dues in compliance with company law and accounts.
Conditions:
- Confidentiality: Both parties agree to keep any sensitive information confidential and not disclose it to third parties without consent.
- Dispute Resolution: Any disputes arising from this agreement will be resolved through arbitration in Dewas, Madhya Pradesh.
- Force Majeure: Neither party will be liable for any failure to perform due to unforeseen circumstances beyond their control.
- Assignment: This agreement cannot be assigned to another party without the written consent of both parties.
Compliance Clause:
- Legal Compliance: The Second Party agrees to comply with all relevant local, state, and federal laws, regulations, and ordinances.
- Industry Standards: The Second Party shall adhere to all applicable industry standards and best practices.
- Licenses and Permits: The Second Party is responsible for obtaining and maintaining all necessary licenses and permits required for their operations.
- Audits and Reporting: The Second Party agrees to regular audits and shall provide necessary reports to verify compliance with this agreement.
- Non-Compliance: Any failure to comply with this clause may result in termination of the agreement and potential legal action.
Non-Compete Clause:
- **
include the above said directors will not be responsible for works, liablities and legal issues un the company banner
Here's your detailed legal agreement draft including the specified clause:
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Legal Agreement
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
- The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
- The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
- The above said directors will not be responsible for works, liabilities, and legal issues under the company banner.
Governing Law:
- This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
- This agreement is valid for three years. Termination must be accompanied by the settlement of all dues in compliance with company law and accounts.
Conditions:
- Confidentiality: Both parties agree to keep any sensitive information confidential and not disclose it to third parties without consent.
- Dispute Resolution: Any disputes arising from this agreement will be resolved through arbitration in Dewas, Madhya Pradesh.
- Force Majeure: Neither party will be liable for any failure to perform due to unforeseen circumstances beyond their control.
- Assignment: This agreement cannot be assigned to another party without the written consent of both parties.
Compliance Clause:
- Legal Compliance: The Second Party agrees to comply with all relevant local, state, and federal laws, regulations, and ordinances.
- Industry Standards: The Second Party shall adhere to all applicable industry standards and best practices.
- Licenses and Permits: The Second Party is responsible for obtaining and maintaining all necessary licenses and permits required for their operations.
- Audits and Reporting: The Second Party agrees to regular audits and shall provide necessary reports to verify compliance with this agreement.
- Non-Compliance: Any failure to comply with this clause may result in termination of the agreement and potential
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Legal Agreement
Parties Involved:
- First Party: Mr. Sachin **** and Mrs. Tulsi ****, Directors of Ruvim Infotech Pvt Ltd, H.I.G *, Bima Rd, Mukherjee Nagar, Raja Ram Nagar, Dewas, Madhya Pradesh *.
- Second Party: Mr. Benjamin Mathews, *, Ayroor Thelliyoor, Thiruvalla, Kerala.
Indemnity Clause:
- The Second Party agrees to indemnify and hold harmless the First Party from any claims, damages, or liabilities arising from the Second Party's activities.
Limitation of Liability:
- The directors of the First Party will not be responsible for any fraud, illegal activity, payment loss, non-payment of employees, legal matters, or unauthorized activities of the Second Party in terms of financial issues or legal terms.
- The above said directors will not be responsible for works, liabilities, and legal issues under the company banner.
Governing Law:
- This agreement shall be governed by the laws of Dewas, Madhya Pradesh.
Term and Termination:
- This agreement is valid for three years. Termination must be accompanied by the settlement of all dues in compliance with company law and accounts.
Conditions:
- Confidentiality: Both parties agree to keep any sensitive information confidential and not disclose it to third parties without consent.
- Dispute Resolution: Any disputes arising from this agreement will be resolved through arbitration in Dewas, Madhya Pradesh.
- Force Majeure: Neither party will be liable for any failure to perform due to unforeseen circumstances beyond their control.
- Assignment: This agreement cannot be assigned to another party without the written consent of both parties.
Compliance Clause:
- Legal Compliance: The Second Party agrees to comply with all relevant local, state, and federal laws, regulations, and ordinances.
- Industry Standards: The Second Party shall adhere to all applicable industry standards and best practices.
- Licenses and Permits: The Second Party is responsible for obtaining and maintaining all necessary licenses and permits required for their operations.
- Audits and Reporting: The Second Party agrees to regular audits and shall provide necessary reports to verify compliance with this agreement.
- Non-Compliance: Any failure to comply with this clause may result in termination of the agreement and potential
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