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PRACTICE AREA / 03

Contracts, leases & technology

Understand what the agreement asks of you.

Commercial agreements read as a whole: supply and service contracts, software, cloud and AI vendor terms, and commercial leases and franchise arrangements.

Commercial contractsSaaS & AI vendor termsLeases & franchiseLiability & exit

SUBJECTS WITHIN THIS AREA

What a review may cover.

01

Establish the deal

Identify the parties, authority, deliverables, dependencies, payment structure and what the business actually needs from the arrangement.

02

Assess the exposure

Read liability, indemnity, warranties, data use, IP, confidentiality and dispute terms as one allocation of risk.

03

Plan change and exit

Review lock-ins, escalation, renewal, termination, data export, deposits, restoration and handover before signature.

DOCUMENTS & PRACTICAL OUTPUTS

From questions
to a working record.

Depending on the agreed scope, the work may involve the following. Deliverables and responsibilities are confirmed before an engagement.

A PRACTICAL STARTING POINT

Questions to
bring to the table.

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COMMON QUESTIONS

A little more context.

Stamp duty, registration and sector rules depend on the instrument and the state. Check them for the particular document.

India Code: Indian Contract Act, 1872 ↗
Is a lease review the same as a title investigation?

No. Title, encumbrances, approvals and physical due diligence need an expressly agreed scope and the relevant records.

Does a vendor statement settle who owns AI outputs?

No. Contractual rights, third-party material and applicable IP law need separate review.

Are stamp duty and registration the same everywhere?

No. The instrument, the property location and the applicable central and state provisions all matter.

RELATED READING

Updates in this area.

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