Key Laws and Regulations
The essential features of contract formation and enforcement are outlined in the Indian Contract Act, 1872, which specifies the requirements for a valid contract, performance obligations, and remedies for breaches. Company laws, such as the Companies Act, 2013, govern the incorporation, administration, and winding up of companies, addressing disputes between shareholders, director liabilities, and corporate governance. Intellectual Property Rights laws, including the Patents Act, 1970, the Trademarks Act, 1999, and the Copyright Act, 1957, offer legal protections and enforcement remedies. The Partnership Act, 1932, governs the formation and operation of partnerships. The Arbitration and Conciliation Act, 1996, establishes a framework for resolving disputes through arbitration and conciliation, providing an alternative to traditional court proceedings. Employment laws, both codified and uncodified, such as the Industrial Disputes Act, 1947, and the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, offer solutions to employment-related disputes.