We are a software "product" development company. I am on the verge of signing a "work for hire" contract with this software development company for the part of development work i am outsourcing to them.
My question is - the software development company is still in the process of incorporation and they have mentioned this in the agreement. they have drafted the contracts as an LLP. Can i sign the agreement?
Asked 2 years ago in Business Law from Hyderabad, Telangana
1) do not sign any agreement unless it is vetted by your lawyer
2) wait for incorporation process to be completed
3) we cannot commenting agreement unless we have perused contents of the agreement
Let the company be incorporated first. Unless the certificate if incorporation is granted it does not have a legal status. Wait till the certificate if incorporation is granted and then only sign the contract.