A very popular saying “Half knowledge is worse than ignorance” fits well when it comes to information about legal documents. We have often found people believing in whatever they hear and taking action upon them. Today, we want you to be aware of various myths regarding legal documentation.
Bursting this myth is vital. There are two sides to it. We are saying that it is not mandatory to hire a legal advisor for all the legal documentation. It is your choice, but you, as a well-versed business executive can also draft these agreements and carry forward with negotiations. On the other hand, an attorney can review your drafts. They pay attention to details and will spot mistakes quickly. A legal advisor will help you with legal terms and language.
When you file a plea in court, you don’t need original documents. If you are submitting them then it can be your biggest mistake, as you can lose these documents. Those are required when a petition is filed in court along with affidavits. You might wonder, what is the alternative? Very simple. Provide them with certified photocopies and make sure you have these copies too. Attest them with the help of a gazetted officer so that you may provide this at the time of the hearing.
Original legal docs should not be given to anyone, even your lawyer if you don’t find him efficient enough to handle them. Copies are always acceptable.
Letter of Authority is a simple document that works well for daily financial tasks like collection and submission on your behalf. But this is not legally accepted for complex deals. Then you would need Power of Attorney for bigger transactions. Keep these things in mind:
Online wills are not recognised by Indian law. It must be authenticated and signed. You can now make an online will through several Web platforms and companies like Doqfy. With 1200+ customized templates, Doqfy provides all the legal documents online. Simply register on the website and you will be guided through the process step by step. You must obtain a hard copy of the will after purchasing it online and sign it with two witnesses. Clearly, online portals assist you with drafting, but you must sign and get it attested yourself.
This misconception is found among the contractors in the construction industry. They often believe in the word of mouth and do not make a written contract. As a construction project head or manager, you should be aware of unforeseen problems. Many times the subcontractor or supplier can be troublesome and can lead you to extreme problems. A written contract will protect you from future problems.
As companies start to realize the full potential of modern digital solutions, contract execution software-as-a-service…
As more and more businesses are turning to digital solutions to optimize their operations, the…
We all know how important it is to have clear, efficient contract execution in order…
When it comes to running a business, time and money are often top priorities. It’s…
As more businesses move online, the demand for digital solutions to streamline operations and increase…
We all are aware of the pressing environmental problems faced by the world. Climate change…