Contract and Insurance Laws
Contract Act
Contract is a legally enforceable agreement, executed between the parties to ensure their performance or promise as per the terms of the Contract; its importance is being increased by day to day. Enforceability of promise made therein is a unique feature of the Contract. Validity of a Contract is a crucial part of any contract; the Contract must be drafted along-with all essential ingredients to save it from losing its enforceability. A contract with an Arbitration clause enables parties to refer their dispute for adjudication before the Arbitration Tribunal.
The Firm drafts all kinds of contracts, and advises in relation to all the issues arising out of Contract. And also provides complete legal assistance including the drafting and appearance before the Court of law in relation to any issue arising out of Contract.
Insurance Laws
Insurance law regulates the insurance policy and claims. This field of law covers regulation of insurance business, terms and conditions of insurance policy especially with a view to safeguard consumers (policyholders) and regulation of claim handling.
The IRDAI is a statutory authority established under the IRDAI Act, 1999 to protect the interests of holders of insurance policies and to regulate, promote and ensure orderly growth of the insurance industry. The non-compliance/contravention of 1938 Act and/or orders passed by the IRDAI is a penal offence under the 1938 Act. The orders passed by the IRDAI are appealable before The Securities Appellate Tribunal. The decision/order passed by the Appellate Tribunal is appealable before the Supreme Court of India under Section 15Z of the Securities and Exchange Board of India Act, 1992. The firm provides complete legal assistance including the advice, drafting of insurance policies and other connected issues. The Firm also provides drafting of Application, Petition, Appeal, Representation or any document. The firm also represents its clients before the IRDAI, the Securities Appellate Tribunal and the Supreme Court of India on behalf of its client.
