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Do all companies have a  in house legal counsel?

Do all companies have a  in house legal counsel?- Grapevine

Welcome to IT Company Discussion's Private Community

Hi all, is there anyone who is working as in-house legal counsels?

In-house legal counsels

Lawyer

It’s Saturday! Who’s working and why?

Welcome to Office Gossip's Private Community

As the title suggests, I'm a lawyer and good at what I do. Haven't got anything better to do, so AMA.

Very happy to assist startups and young businesses as well!

I'm a lawyer; AMA.

I am seeking job referral for the In-House Legal Counsel/Contracts Counsel position.

Folks

Do post stuff related to legal fraternity.

Legal roles, salaries, law firms , work life, in house lawyers.

This is tech heavy forum. Wondering if there's any corporate lawyers I can clear a few doubts from.

Any corporate lawyers on here?

A common issue that I am usually engaged for, and see a lot of confusion amongst employees and companies, is with regard to non-compete clauses in employment contracts. Often employees are scared to sign non-competes as they feel a future move to a bigger or better employer is compromised, whereas employers want to ensure that their employees, possibly equipped with inside information of their companies, do not go and reveal or use such information to a competitor. Both parties, i.e., employees and their employers, have valid concerns. 
The first thing that an employee should be aware about is that in India, a non-compete clause is considered to only be valid for the period that the employee is employed with their employer. That means that while you’re employed to your employer, you will be barred from working for other companies or competitors of your employer. This is because of Section 27 of the Indian Contract Act,1872, which provides that “every agreement by which anyone is restrained from exercising a lawful profession or trade or business of any kind, is to that extent void”. Courts across the country have consistently held that enforcement of post termination non-compete clauses are restraint of trade and against the public policy of the country. Therefore, once you have resigned or left the job with an employer, the non-compete clause cannot be enforced. 
While this is quite an employee centric approach, it should be kept in mind that most of these judgments and rulings did not come at a time when a lot of companies are creating high value Intellectual Property Rights, especially in technology. So, there is always a possibility that for highly technical jobs, where employees are developing such Intellectual Property, court rulings may change. It is also likely that for highly important positions, such as that of a CEO, employers may pursue enforcement of non-competes due to the insider knowledge that such positions come with. 
Employees should also realize

Non-compete Clauses in India

Software Engineer

At Nexus(our startup), we're passionate about revolutionizing the way people invest in Stocks and crypto. But as any startup founder can attest, the path to success is often filled with obstacles.

Recently, we encountered a significant roadblock in our quest for funding. A potential investor turned us down, citing that hit us hard: we didn't have a fully functioning MVP.

Now, you might be wondering, what exactly our MVP was showing? Well it wasn't the flashy trading platform we dream of. Instead it considered a basic interface with stock prices displayed here and there. The cold reality is that users couldn't buy or sell any assets, nor could they access other advanced features. Why, you ask ?

The answer lies in the complex regulatory landscape of the financial industry. To facilitate the trading functionality, a platform must obtain a SEBI license. This license requires rigorous compliance with financial regulations, and crucially proof of "financial backing". 

Investors won't understand that we need a significant amount of funding to take off. Without it, we'd be swimming in the shallow waters.

Navigating the tough terrain of startup funding: the MVP dilemma

Recently saw a post where a girl who’s started working got fired from her job due to some drama between her and the a RW mob on X and they kept tagging the company and forced her to be terminated. Haven’t really dived deep to check what the actual matter is but my point here is that should companies take action against employees for what they do on social media which doesn’t really involve the company.

Are there laws regarding this or anything mentioned when we join a company and does this set a bad precedent which jeopardises free speech ?

Should Employees be punished for what they post on social media ?

Assistant Manager

The company haven’t paid us 3-6months of salary saying that there’s a delay in raising VC funds. They also didn’t pay TDS and gave us Form 16 for ITR. 

I reached out to our client company where I worked briefly and they were happy to offer me a job there. I’m dangerously out of money in savings and it’s still uncertain in my current company about any funds. So I have given a early date to him because I really need their salary and joining bonus to survive actually. I thought I can immediately relieve from my current company as I don’t have finished projects and haven’t involve in new. But they are not responding to my calls and mail requesting for immediate resignation. 


What should I do now ?

My company is delaying acceptance to my resignation

Acceptance of resignation has no value, the day you resigned is considered for notice period start date.

Do all companies have a in house legal counsel?

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