Legal Documention
Legal Documention
- Intake & scope
- Meet client, record purpose of the document (sale, lease, agreement, will, power of attorney, contract, corporate document), parties’ details, urgent timeline and transactional value.
- Identify legal framework & risks
- Decide which laws apply (contract law, property law, companies law, succession law, etc.) and list legal risks (stamp duty, registration, third-party consents, statutory compliances).
- Collect supporting info
- Get identity proofs, title documents, prior agreements, board/resolution (for companies), property plans, KYC, PAN, income proof, and any existing orders/encumbrances.
- Draft the document (first draft)
- Use clear language, define terms, state parties and recitals, set out obligations, warranties, payment/consideration, timelines, remedies for breach, dispute resolution, indemnities, confidentiality, termination, and effective dates.
- Check formalities (stamp & registration)
- Verify applicable stamp duty and whether registration is mandatory; add attestation/verification clauses and prepare annexures/schedules.
- Review & negotiate
- Send draft to opposite party, track changes, negotiate key clauses (liability caps, termination, delivery, escrow, escrow/escrow agent, escrow release conditions).
- Legal vetting & approvals
- Run due diligence (title search, corporate due diligence), obtain internal approvals (board/shareholder if needed), get regulatory or third-party consents (banks, lessors, authorities).
- Finalize & execute
- Prepare final clean copy, arrange signatures/notarisation/attestation, ensure correct witnesses, and complete registration where required.
- Record keeping & compliances
- File registered documents, update statutory registers (for companies), deposit for stamp verification if needed, and send executed copies to all parties.
- Post-execution checks & enforcement
- Monitor performance, issue notices for breaches, prepare for recovery/enforcement or arbitration/litigation as required.