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LEXIS AND COMPANY | +91-9051112233

 LEXIS AND COMPANY | +91-9051112233

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Is It Legal to Charge Penalty Interest in Contracts?

  Is It Legal to Charge Penalty Interest in Contracts? Or Am I Just Being a Villain in a Suit? 💼💣💰 Client's Curious Query: 👉 “Can I legally charge interest or a penalty for late payments in a contract in India?” #PenaltyClausesIndia #InterestOnLatePayment #ContractLawIndia #IndianBusinessContracts #LexisAndCompany #LateFeeLegalities 💡 Short Answer: Absolutely YES — but only if you play by the legal rules! 🧾👨‍⚖️ Under Indian Contract Act, 1872 , parties can agree to reasonable penalty clauses or interest for delays . But you can't go full-on mafia with 10% per day 😅 The law allows compensation — not punishment! #ContractTermsIndia #LegalInterestCharges #FairPenaltyClauses #ReasonableCompensation #LexisLegalGuide 📜 What You Can Legally Do in Contracts: ✅ Add a Late Payment Interest Clause (e.g. 1.5% per month) ✅ Mention grace period & calculation method clearly ✅ Define if it's a fixed penalty or compensatory damages ✅ Ensure the clause is not ...
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Can I Legally Sign a Contract Over Email in India?

  Can I Legally Sign a Contract Over Email in India?” – Or, When CTRL + ENTER Becomes a Commitment! 💻📨✍️ #DigitalContractsIndia #EmailAgreementValid #EContractsIndia #IndianContractAct #ContractLawIndia #StartupLegalIndia #ElectronicSignatures 💬 Here's a question that gets asked in boardrooms, bedrooms, and even on WhatsApp groups: “I agreed to a deal over email. Is that legally binding in India?” 👉 Top Keywords: Email Contract Validity, Electronic Communication Agreement, E-Contracts, Indian Contract Law, Legal Email Confirmation ✅ Short Answer: Yes! Under Indian law, an email can form a legally valid contract—provided it meets the essentials of a contract under the Indian Contract Act, 1872 : 📌 Offer 📌 Acceptance 📌 Lawful consideration 📌 Intention to create legal obligation 📌 Capacity of parties #ContractBasicsIndia #ValidContractsIndia #EmailDeals 📌 Key Points to Remember: 🔹 The language must clearly show offer + acceptance 🔹 There must be mutual agr...
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