Legal Risk Management And Contractual Dispute Handling In The Indian Retail Sector
- IJLLR Journal
- 13 minutes ago
- 1 min read
Shubhodip Sarkar, BBA LLB (Hons.), ICFAI Law School, Hyderabad
ABSTRACT
The Indian Retail Sector is undergoing a period of unprecedented growth. It is establishing itself as one of the fastest growing industries globally. The Indian Retail Sector operates within a dynamic yet complex legal framework and regulatory landscape, requiring robust legal risk management and efficient contractual dispute resolution. The expansion of Indian Retail sector is not merely an economic indicator but also plays a vital role in nation’s development. Indian Retail Sector as we knows is one of the developing sectors of India. It plays a significant role in the overall Gross Domestic Product (GDP) of the country. This report delves into the multifaceted challenges faced by retailers in India examining the primary legal risks stemming from consumer protection, labour, real estate, and intellectual property laws. It identifies key Indian legislation including Consumer Protection Act 2019, new labour codes and the Real Estate (Regulation and Development) Act, 2016, and various Intellectual Property statutes, highlighting their implications for retail operations. The analysis covers common contractual disputes in retail—such as supply chain, lease, franchise, and consumer agreements—and reviews dispute resolution options in India like litigation, arbitration, mediation, and conciliation. It also highlights proactive legal risk management strategies, including strong internal policies, technology use, compliance audits, and effective contract management. Through an examination of significant case studies and legal precedents, the paper illustrates the practical impact of legal challenges and disputes involving on retail businesses
