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NMIMS – Business Law

Business Law

Q1. Explain in details two (2) real-life instances of Anti-Competitive Agreements which have been prohibited by the Competition Commission of India. (10 Marks)

Q2. Illustrate the essential features of Contract. (10 Marks)

Q3. Surendra and Kashyap have entered into an agreement to license technology. However, Surendra did not complete the full delivery of the technology license to the satisfaction of Seema. Hence, disputes arose between Surendra and Kashyap. Surendra and Kashyap do not want to go through a protracted litigation process before the conventional forums/courts. Can you advise them on:

A) What should be done to conduct an arbitration between Surendra and Kashyap to resolve their disputes. (5 Marks)

B) The difference between Arbitration, Conciliation and Mediation? What is the advantages and disadvantages of each of these? (5 Marks)