BBA 6th Semester

What measures has Nepal taken to ensure compliance with the TRIPS Agreement and strengthen its intellectual property regime?

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Nepal's Steps for TRIPS Compliance

Nepal has implemented several important initiatives to align its intellectual property (IP) framework with the global standards established by the TRIPS (Trade-Related Aspects of Intellectual Property Rights) Agreement. These initiatives are designed to safeguard intellectual property rights, foster innovation, and promote equitable economic practices. The following are five key aspects of these initiatives: Enhancement and … Read more

What is an agent? Define right and duties of the agent.

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What is an agent? Define right and duties of the agent.

An agent is a person or entity authorized to act on behalf of another person or entity, known as the principal, in conducting business, making decisions, or entering into contracts. The relationship between the agent and the principal is governed by an agreement (explicit or implied), where the agent acts within the scope of authority … Read more

Mention the basic features of Industrial Enterprises Act and its contributions in Nepalese industrial development.

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Mention the basic features of Industrial Enterprises Act and its contributions in Nepalese industrial development.

The Industrial Enterprises Act serves as a fundamental piece of legislation governing industrial operations in Nepal. It establishes the legal framework necessary for the formation, functioning, and administration of industrial enterprises within the nation. The following outlines the principal features of the Act: Industrial Registration and Licensing The Act mandates that all industrial enterprises must … Read more

What Employment Benefits Must Employers Provide to Employees Under the Labor Act, 2074 B.S.?

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What Employment Benefits Must Employers Provide to Employees Under the Labor Act, 2074 B.S.

Employment Benefits encompass a variety of non-wage compensations offered to employees alongside their standard salaries or wages. These benefits aim to improve the overall health, security, and job satisfaction of the workforce. They typically include health insurance, retirement contributions (such as provident funds and gratuities), paid leave (including annual leave, sick leave, and maternity/paternity leave), … Read more

Explain Free Consent

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Explain Free Consent

Free consent is a crucial principle in contract law, guaranteeing that the individuals involved in a contract do so willingly and possess a comprehensive understanding of the terms to which they are consenting. This principle is vital for the validity and enforceability of a contract. As outlined in Section 14 of the Nepal Contract Act, … Read more

Differentiate between Void Contract and Voidable Contract

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Differentiate between Void Contract and Voidable Contract

A Void contract refers to an agreement that is inherently invalid from its inception. It fails to include one or more critical components, such as a lawful objective, consideration, or mutual agreement. Consequently, it is regarded as if it never occurred and cannot be upheld by either party involved. Conversely, a voidable contract is one … Read more

Discuss five important duties of a Bailee

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Discuss five important duties of a Bailee

A Bailee refers to an individual or entity that receives goods from another party, known as the bailor, under a bailment agreement. The bailee is tasked with the responsibility of protecting the goods and ensuring their return according to the stipulated terms. Below are five key responsibilities of a bailee: Obligation to Exercise Reasonable Care … Read more

What do you understand by the term Consideration? Discuss the exceptions to the rule “No consideration no contract.”

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Understanding Consideration and Its Exceptions to the Rule

Consideration can be defined as the value that one party offers in exchange for the promise of another party. A contract is deemed legally binding only when both parties are obligated to provide something of value to each other. This value exchanged is referred to as consideration, and it must be lawful to be recognized … Read more

Define law of contract. Discuss the elements required forming a Valid Contract.

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Law of Contract and Essentials of a Valid Contract

LAW OF CONTRACT A contract is defined as a legally binding agreement between a minimum of two parties to perform or refrain from performing certain actions. As articulated by A.J. Salmond: “A contract is an agreement that establishes and delineates obligations between two or more parties.” ESSENTIAL ELEMENTS OF A ENFORCEABLE AND VALID CONTRACT A … Read more

What is an Acceptance? Who can accept an offer? Write the rules regarding the acceptance as per Nepalese Contract Law.

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Acceptance and Its Rules under Nepalese Contract Law

MEANING OF ACCEPTANCE Acceptance occurs when an individual to whom a proposal is directed indicates their agreement to it. The individual making the offer is considered to have received acceptance once the agreement has been communicated. This agreement can be either explicit or implicit. It is explicit when conveyed in a clear manner, whether through … Read more