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Every company doing business depends on goods and services which are being provided by other companies. So if you get into a disagreement with a client, it can lead to a loss in business, or worse, a costly lawsuit. Signing a vendor agreement in which the terms and conditions between a buyer and a seller are agreed up front, such as product delivery period and payment expectation, makes sure that both the parties are clear about each other and what is expected of them reducing the risk of legal disputes down the road. Some of the key factors for most Vendor Agreement Goods and Services: In the agreement it should be clearly mentioned what are the goods and services you are paying for. Also if someone has promised you a certain quality of goods and services make sure that it?s mentioned in the agreement Pricing: The pricing should be clearly mentioned in the agreement, that is whether it is fixed throughout the contract or it varies, if varies then why? Delivery Terms: After agreeing upon the pricing and goods you need to think about the delivery term. What will be the frequency of the deliveries, the particular time when the goods need to be delivered? Payment Terms: The time of payment should to mention in the Vendor agreement for the goods or services provided. And also how the payment should be made? What If Something Goes Wrong? What if the quality of the goods delivered are not up to the mark? What if the goods are wrongly delivered? Or the payment is late? All this issues should be addressed in the agreement Termination: From the beginning the terms of termination should be mentioned. When the agreement can be terminated? What it takes to do so? Who Owns What?: Who owns the outcome of any services or products should be mentioned in the agreement so that something which was due to you cannot be given to someone else Confidentiality: In the agreement it should be mentioned that the information provided by ay party should remain confidential.   Importance of Vendor Agreement Documents Terms of Agreement: Vendor Agreement documents all the terms for both the parties like delivery time, payment terms, ensuring no misunderstanding occurs.   Clarifies Intent of both parties: Each party may believe that they understand what is required of them but when it come in writing it may differ, hence Vendor Agreement clarifies intent of both the parties.   Prevents Disagreement down the line: As the Vendor Agreement clarifies the intent, and also the terms up front, it helps both the parties to know what to expect and hence prevents future disagreements.   Settle Discrepancies: When both the parties put their terms for Vendor Agreement in writing, it may not line up. Solving those issues then and there helps in settling future disagreements.
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People have so many questions regarding IP, like who seeks this protection? What does it protect??What benefits it gives? How long does?it last? So we are sharing with you all the answers to these questions. Trademark
  • Business owners are given rights on the their trademarks
  • Trademark is essential as it protects any word, name, slogan, design, or image that identifies a business or brand and distinguishes it from ? ? ? ? ? ? ? ? others
  • It also gives right to the mark and allows the holder to file lawsuit against infringers
  • It has an unlimited term but must be renewed after every 10 years
  Copyright
  • Creative artists are given copyrights for their creations
  • Copyright is done to protect original work of authorship including books, articles, photographs and other creative works. An idea itself cannot ? ? ? ? ? ? ? ?be copyrighted. A work must be in fixed, tangible form to be protected.
  • It gives right by providing legal evidence and public notice of ownership
  • It Lasts the author’s lifetime, plus an additional 70 years
  Patent
  • Innovators are given patent for their innovations
  • Patent protects original Inventions with a new or improved function like chemical composition, machines, new design for an article of ? ? ? ? ? ? ? ? ? ? ? ? ? ?manufacture
  • It gives its owner right to prevent others from making, using, selling, or importing the protected invention
  • It has a term of 20 years and it cannot be renewed
  To file Trademark, Copyright or Patent Contact us at www.wazzeer.com
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People doing business, who wants to sell their products online or offline, often comes across the word ?VAT Registration?. But are not clear about it and have many questions in their mind. Questions like whether it is beneficial for them or not? What is the procedure and documentation required? So here we are, we?ll simplify it to you so that you can easily sail through this process. VAT registration is required when you are in business of any goods or products that can be felt or touched and exceeds specified amount of annual turnover. Specified amount of turnover depends on the state regulations which are INR 5 to 10 lakhs. The procedure of VAT registration is simple. First you need to need to fill VAT registration form online/offline, after submission the place of business is inspected by authorities, the forms are processed after payment of VAT deposit and then VAT Certificate is generated.   The documents required for VAT registration
  • Company Incorporation certificate
  • MoA, AoA
  • PAN card of directors
  • Address proof of directors
  • Address proof of place of business
(If rent agreement, then it has to be supported by any utility bill)
  • Authorization letter
  • 4 photographs of proprietor/ partners/ directors
  We can help you with the process, contact us at www.wazzeer.com
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Trade License is one of the most important and mandatory registration required for a company. it is a certificate issued by the State Government granting a business permission to carry on with a particular trade for which it has been issued. Procedure to get Trade License registration done Firstly you need to apply for trade license by filling application form online/offline, and then you will get an acknowledgement letter which you need to submit back to local Municipal Corporation. After submission an inspection will be made at the place of business by Government authorities, here the authority decides the Government fees based on area of the place and number of employees you have. The process moves forward after the payment of government fees is made, follow which you will get your trade license certificate.   The documents required for Trade License Certificate
  • Rental Agreement
  • Partnership deed/ certificate of incorporation
  • Latest property tax paid receipt
  • Address proof of directors
  • PAN of the entity
  • Consent letter from the owner of place of business
  • ?NOC from neighbours
procedure for having a trade license for your startup We at Wazzeer can help you with this process, contact us at www.wazzeer.com
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Every Service provider has to mandatorily apply for Service Tax registration if the turnover of the business in a year exceeds INR 9 lakhs, however if the turnover of the business is less than INR 9 lakhs annually then Service tax registration is optional at the option of the tax payer. Procedure to get Trade License registration done You need to apply for service tax registration by filling the form ST 1 which can be submitted online, the first time you need to create an account before filling the details in the ST 1 form. The account created shall be your permanent account for all matters related to service tax. After logging into your account you need to fill the ST 1 form available there. After applying for service tax registration online you need to take a copy of acknowledgement slip, sign it and submit the hard copy of documents and ST 1 form to the authority, after which you will get Service tax registration number. Post verification of all your documents by the authority you will receive your Service Tax registration certificate. Documents Required for Service Tax Registration
  • Company Incorporation certificate
  • MoA, AoA
  • PAN card of directors/ partners
  • Address proof of directors/ partners
  • Address proof of place of business
(If rent agreement, then it has to be supported by any utility bill)
  • Authorization letter
  • 4 photographs of proprietor/ partners/ directors
  • ? ? ? ? ??Bank Statement
  We at wazzeer can help you with the process, Contact us at www.wazzeer.com
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Shops and Establishments Act, is enacted by every state in India to regulate conditions of work, and to provide for regulation of the employers and rights of the employees in un-organized sector of employment and other establishments. Procedure to get Shops and Establishments Registration done Firstly you need to apply for trade license by filling application form online/offline, and then you will get an acknowledgement letter which you need to submit back to the Labour department. After submission an inspection will be made at the place of business by Government authority, here the authority decides the Government fees based on the number of employees you have. The process moves forward after the payment of government fees is made, following which you will get your Shops and Establishments registration certificate.   The documents required for Shops and Establishments Registration Certificate
  • Rental Agreement
  • Partnership deed/ certificate of incorporation
  • Latest property tax paid receipt
  • Address proof of directors
  • PAN of the entity
  • ? ? ? ? ? ? ? ? ? ?Consent letter from the owner of place of business
  We at wazzeer can help you with the process, contact us at www.wazzeer.com
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A company needs to obtain Professional tax registration certificate in the role of an Employer. So the company needs to collect Professional Tax from its employees by deducting the salary paid to them every month. The Tax can only be deducted if the paid salary exceeds INR 15,000 per month Company needs to obtain Professional tax?Enrollment?certificate for its own existence and to engage in any profession and business even if you don?t have any employee. Professional Tax registration needs to be paid according to the salary given to the employees whereas Professional Tax enrollment liability?for company is?fixed?at INR 2,500 annually.   Procedure for Professional Tax registration certificate In order to collect tax from its employees the company needs to apply for Professional Tax registration certificate by filling the form online. After filling up the form the company has to submit all the documents and details of employees applicable for Professional Tax. Post verification of the documents submitted, the company will be given Professional Tax registration number.   Documents required for Professional Tax certificate
  • 4 photographs of proprietor/ partners/ directors
  • Address proof of directors
  • Address proof of place of business
  • Company Incorporation Certificate
  • MoA and AoA
  • Bank statement of the company
  • PAN of directors
  • PAN of entity
  We at Wazzeer can take care of the process   Contact us at www.wazzeer.com
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