Three Fundamentals of Commercial Law for Business People

Business and commercial law are two sides of the same coin, especially in today’s age of massive globalization. No business is restricted by national boundaries anymore. As long as the infrastructure of the country can manage a decent Internet service, a company there can propose partnerships with any parties abroad.

Therefore, understanding commercial law is a must for all executives who ever dream of running their own companies or step up to the high-ranking offices later. And here, we’ve compiled the fundamentals for you!

Different Countries, Different Laws

This dictate might seem obvious, but many business executives or even CEOs still undermine the magnitude of this matter, especially when they want to establish a branch company in a country that is still listed in the same union. Even federations like India, the United States, Brazil, Mexico, Russia, Germany, Canada, Switzerland, Argentina, and Australia have explicitly different commercial laws in each of their states. Accordingly, there will be no safer option than to consult a local commercial law firm first before you make any further steps.

Moreover, law services have been heavily demystified these days, unlike in the past, where only people with master degrees had the means to learn about business laws. For example, let’s assume you want to start your commercial endeavor in the Gold Coast, then you can simply type, “Commercial Lawyers Gold Coast,’ on Google and a list of legal services will pop up. Everything has become more and more efficient these days.

Intellectual Properties

The concept of intellectual properties is the one that makes free trade possible in the first place. It is a legal system that is meant to acknowledge and protect business ideas, products, services, inventions, trade names, and trademarks of companies. Since it is the very core of all businesses, you must not take any chances. If you’re stepping into a new business territory, do not think twice to consult your lawyer.


Now that you’ve learned how companies can legally secure their production, it’s time for you to know about how contracts bind (1) employers and employee, (2) a company with the government, (3) a company with its customers, (4) a company with a partner company. However, substantially, we can simplify contracts as an agreement between an offeror and an offeree. An offeror set some terms that are meant to be presented to the offeree for acceptance. An offeree maintains the rights to either approve or decline the contract depending on their interest.

However, the most complicated thing about business contracts is that it is supposed to be in accordance with local commercial laws. You cannot expect to get an offeree to sign an unjust contract and be free from the legal consequences. As long as there are flaws, the possibility for you to get sued is always there. Therefore, don’t risk your enterprise by committing any legal negligence.…

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Steps in a Personal Injury Claim

A personal injury claim is an intensive process that involves a series of proper consultation and negotiations to either get a right to be served or claim a property or service you had or had paid for. Clients who mostly pursue the personal injury claims usually have to seek for lawyers or attorneys who can handle their cases successfully. The following are the generally agreed principles that have to be followed;

Attorney Consultation

One has to have or choose a legal attorney to represent them in a particular case. After identifying an attorney, few considerations also have to be made such as; the cost for legal representation, the medical costs involved in case of an accident, the negligence in the scenario, the opponents we would like to claim from availability among other factors. having an experienced attorney can aid in finding out the logistics involved.

Case Investigation

After having an attorney assigned to your case, the case should be investigated and be looked at in depth to understand the prospects that are involved fully. in case of an accident, the attorney has to investigate how and why it happened, the injury extents, who was involved, the medical records, the compensation claim among other factors. the case also needs an assessment so f various issues involved so as to be adequate and make the attorney be at per with the incident or accident.

Demand Package

When a client has a claim that has to present to the defendant or a compensation outcry then it has to be submitted, the claim may have issues such as liabilities, damages as well the cost that is required for settlement. Also of importance is a demand letter that has to be viewed by the opponents. during this process, the demand package is discussed by the involved attorneys to reach an amicable agreement.

File a Lawsuit

In any event, the case cannot be settled outside of court, then the client has to file a lawsuit to claim their compensation or right per second.

Evidence Finding

This also can be called the discovery step in which unknown evidence is brought to light in order to establish the facts of the case.


mediation involves the informal proceedings in order to arrive at an amicable solution for the parties involved. Before the matter is officially handed in court, it can be negotiated upon informally. in an event no agreement is reached, then it can proceed to trial.


This step now has the case in court on trial which involves the court’s judge and jury or presented decision makers allowed by the court system. There having experienced lawyers can aid this process, but at a time cannot guarantee success.


when one side decides to appeal, this shows that they may not have found the decision made as favorable depending on the case presented. when one has to appeal, a procedural format has to be followed.…

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A Brief Legal Advice for Entrepreneur

Launching a business requires a firm knowledge of the basics of law. And if you think that the importance of law stops there, then you are mistaken. Many aspects of business, such as taxation, insurance for the employees, intellectual property, and company formation are all within the state’s law.

Inadequate knowledge of law may open the risks of misconduct and violation, which can be costly and even fatal to the company’s reputation. But here, you can find the summed-up version of the basics of law for business. Read this article through, and the knowledge will protect you.

On Choosing the Entity Structure

There are many types of business, such as Public Limited Company (PLC), Private Company Limited by Shares (LTD), Unlimited Company (Unltd), and Limited Liability Partnership (LLP). The government acknowledges those entities by granting them the articles of incorporation or corporate charter. The documents serve as a legal license for a business to take place in a country. It will receive all the legal protection and responsibility that have been determined by the state law.

The best way to work on the corporate charter is by working with a corporate law firm. You tell them how you are going to do your business, which includes the funding, profit share, and employment. Then the attorney will give his/her best knowledge of what corporate structure fits the best with your plan. Corporate attorneys are also expert in taxation so that they can help you to improve your financial plan further.

On the Financing

Corporate funding and shares are all predetermined during the establishment stage. What the corporate attorney does at that stage is to design:

  1. The term sheet
  2. Stock purchase agreement
  3. Subscription terms
  4. Nondisclosure agreement for investors
  5. Purchase agreement.

If all are carefully written, in theory, the company will be legally strong. But faults grow exponentially over time. Agreements need audit and renewal. Some points may get irrelevant in the future. And some terms may not be compatible with the company’s structure anymore. In those cases, you have no one to rely on except the corporate law firms.

On the Employment Documents

The Human Resources Department (HRD) of a company is the one in charge of issuing the employment documents. The agreements must meet the standards of the local employment law. And this matter may require a lawyer’s supervision.

Salary structures, compensation, benefits, off time, exit policies and performance parameter are all subjects that the employment documents must cover. A competent HRD officer possesses the knowledge of the rules that must not be violated. And that is why you may, or you may not need assistance from a lawyer.

You need to realize that you must control the efficiency of the employment documents even after they have been issued. Disgruntling employees usually appear when the exit policy is implemented. Take one case and try to conduct everything by the book, and see whether things go smoothly. If you encounter trouble, and your suitor finds a flaw in your system, then you must fix it immediately. Otherwise, the dispute may inspire other workers to grow unrest even if the company treats them fairly.

On the Partnership

Making deals between companies need a legal advisor. But before that, you can minimize the cost by being extra careful in choosing a partner. First, always check whether your potential client is legally registered.

Today’s technology has facilitated us with search engines that can help us to find many kinds of information, including business entity.

Second, consult your decision with the company’s financial advisor. Advisors have a wide perspective on an issue because their job is to keep updated with the current news. A good advisor evaluates the situation based on the real fact. If a company is suspected to be corrupted and dying from the inside, a good advisor will not glorify the condition.…

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How to Pick a Lawyer for your Case

There are times where you’ll have to hire a lawyer for your case, be it an incident, fraud and so many other reasons. But with thousands of lawyers to choose from, how do you pick one that might be the best to face your case? In this article we’re going to discuss on how to select a lawyer for your situation, although a lawyer might cost you some money, it is crucial to have one on the court. As they can win your case and avoid any penalties or fines that you have to pay, make sure to read this article to find out more.

Conduct a small interview with your lawyer

A way to know if the lawyer you’re going to pick is the best choice for you is by doing a short interview with them. Make sure to ask a few crucial pointers, which can help you determine if you’re going to hire them or not. These pointers could consist of questions about their experience, rates, unique skills or certification, the percentage of cases they won, how will he inform you of developments in your case, and many more. By the end of the small interview, you can conclude whether you want to pick the lawyer for your case or not.

Conclude some pointers after the interview

As we’ve written before, after the interview, you can tell whether you want the lawyer for your case or not. If you’re confused about what pointers you should make before choosing your lawyer, here we have listed some pointers for you to check out. First, make sure if the lawyer’s experience and skills align correctly with your case. Second, make sure that you’ve come up with a fee agreement that you’re comfortable with your lawyer. And lastly, make sure that you’re confident that your lawyer posses the skills and are up to the case that they’re going to face.

Ask other attorneys

If by any chance your lawyer is not up to the task, maybe they lack experience or the case is not their area of expertise, try to ask them if they have any other lawyer up for the case. Attorneys might be able to provide you other lawyers that might be able to handle your case, and chances are, they might be even better than the ones that you found on the internet or the lawyer agency, so make sure that you ask around.…

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Business Laws for Entrepreneurs

Nowadays a lot of people decides to ditch the 9 to 5 lifestyle and decides to open up a business, be it selling services or products. Although selling your services or products to your clients might sound interesting, you might want to start your business as soon as possible. But opening up a business can be quite a task, as there are so many things to take care especially the business laws that you have to know and abide. In this article we’re going to discuss some business laws for entrepreneurs, are you one? If so, make sure to read this article to find out more about it.

Business licensing

The first step as you try to establish your business is that you’re going to need a business license. Start by researching the internet, try to find out if your company needs any licensing, if it’s an online business then chances are you won’t need them. Federal and state permitting can be checked through business administration website so make sure to check your business if it requires any licensing or not, doing this steps will avoid you any penalty or fine.

Know the taxes that you have to pay

Although having a business means that you have a massive income potential compared to working in an office, it doesn’t mean that you’re free from taxes. Federal tax, social security, Medicare and federal unemployment tax needs to be reviewed and ensured to fit the requirements. Dealing with taxes can be quite a hassle, since there’s a lot of forms to read and to fill, and often you can overlook some necessary documents, in this case, we suggest that you invest in hiring a personal accountant, as they can help you with your business taxes.

Put a patent to your business

If your business has a product that is considered an innovation in the market, you might want to protect your intellectual property with a license. Not just products, you can also protect your business name, symbols, designs, and even musical pieces with a trademark. Although establishing a patent on your business might cost you a lot, and it can be quite a long and complicated process, it will be worthwhile in the long run for your business.

Tip: in case of stolen or damaging of your intellectual property, consider getting a lawyer to sue the one who took or modify your intellectual property without any permission.…

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