MAHESHWARI & CO. assisted a leading company in the information technology sector, which offers a comprehensive range of services including IT-enabled services, software design, software development, and other ancillary business functions. The company operates as a strategic business consultancy, providing technology-driven solutions tailored to the requirements of global enterprises.
The Firm acted as a Consultant to structure, review, and evaluate a Business and Asset Transfer Agreement (BAT Agreement). This agreement encompassed the comprehensive transfer of the entire workforce, along with associated assets and operational responsibilities.
A thorough due diligence process was conducted to identify and mitigate potential legal risks associated with the transfer. This involved assessing liabilities, verifying the accuracy of asset valuations, and ensuring that the transfer did not infringe on existing contracts or intellectual property rights. The Firm also ensured the seamless transfer of the workforce by aligning the agreement with respective Indian labour laws.
Furthermore, MAHESHWARI & CO. reviewed clauses related to the transfer of intellectual property to protect proprietary technologies, trademarks, and copyrights, ensuring that the company’s IPR portfolio remained secure.
Leading this assignment were Ms. Jyotsna Chaturvedi, Partner, and Mr. Ketan Joshi, Senior Associate, who leveraged their extensive expertise in corporate law and business transactions to deliver a comprehensive and legally robust agreement.