Chennai entrepreneurs moot incorporation of mediation clause in contracts

Entrepreneurs often resort to alternate ways to get a quick fix

TiE Chennai, a network of entrepreneurs in the city, has mooted a suggestion to incorporate mediation in all contracts across small and large enterprises, in order to make business easier.

It has also conducted a session for aspiring entrepreneurs on legal aspects of conducting business, where the do's and don'ts for start-ups with examples from the "Stayzilla affair" were deliberated upon, said the organisation.

Yogendra Vasupal, founder and CEO of online accommodation aggregator Stayzilla, was arrested and had to spend almost a month in jail, following a complaint filed by a vendor. However, according to Vasupal, cash was never a constraint in