Q: Elaborate section 2(e) of Indian Contract Act, 1872 ?
Ans: According to section 2(e) of Indian Contract Act, 1872, every promise and every set of promises, forming the consideration for each other, is an agreement.
Q: What information is protected under NDA?
Ans: A non-disclosure agreement is beneficial to multinational corporations, but it is also beneficial to small businesses, partnership firms , between individuals, and, most importantly, start-ups, because all of them must deal with outsiders and entrust confidential information to them at some point in their business. A start-up can be anything; an idea, a business plan, a patented innovation, or anything else. A startup can’t keep these ideas to itself; it needs to share them with investors who might be able to help turn the idea into a success. In the case of a patentable invention, the inventor may want the opinion of an expert in that field, and in the case of a business idea, the person coming up with such an idea may need a lawyer to register the business organisation, so having a non-disclosure agreement signed with those outsiders ensures that the information is not leaked . (owner of the information). In industries like film and television, a non-disclosure agreement can be ...
Comments
Post a Comment