When a foreign individual or a foreign corporation enters into a service agreement with an Indian company, it is important to include certain primary clauses in the agreement to protect the rights and interests of all parties involved. These clauses define the rights, obligations, and expectations of the parties, and provide a framework for the smooth execution of the agreement. This article outlines the top ten clauses that should be included in a service agreement between a foreign individual or corporation and an Indian company before they enter into commercial transactions.
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When a foreign individual or a foreign corporation enters into a service agreement with an Indian company, it is important to include certain primary clauses in the agreement to protect the rights and interests of all parties involved. These clauses define the rights, obligations, and expectations of the parties, and provide a framework for the smooth execution of the agreement. This article outlines the top ten clauses that should be included in a service agreement between a foreign individual or corporation and an Indian company before they enter into commercial transactions.