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Mixed Companies
Mixed Companies In certain situations, companies decide to merge and form a new type of business entity. In such cases, a capital-based company and a general partnership combine to form a mixed company. As a result, one or more general partners and one or more limited liability partners participate in the company, each holding a...
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Commercial Contracts and How to Draft Them
Commercial Contracts and How to Draft Them In today’s vast and competitive world of commerce, only those individuals and businesses that possess sufficient knowledge of the laws and principles governing commercial contracts and properly apply them in their professional relationships are able to achieve lasting success.
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Appointment and Removal of a Guardian
Appointment and Removal of a Guardian The Civil Code provides for the appointment of a guardian in order to protect the rights and interests of legally incapacitated persons. The selection, appointment, and removal of a guardian are matters frequently encountered by eligible individuals. Specific legal rules govern the appointment and removal of a guardian, and...
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Contract of Compromise and Its Types
Contract of Compromise and Its Types The term compromise refers to agreement, reconciliation, and settlement. In legal doctrine, a contract of compromise is recognized as a specific and defined contract with particular conditions and characteristics stipulated by law. Pursuant to Article 752 of the Civil Code, a compromise may be concluded either to prevent a...
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Grounds for Invalidation of a Will
Grounds for Invalidation of a Will Individuals are the owners of their property and are entitled to dispose of it as they wish during their lifetime. Under the law, individuals may determine the disposition of their property after death and transfer it to others through a will. After death, a person’s authority over their estate...
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Value Added Tax
Value Added Tax Tax revenues derived from value-added tax are widely regarded as one of the most important and dependable sources of government income. Because value-added tax is collected continuously throughout the supply chain, it tends to generate steady cash flow for the public budget. It allows governments to plan public expenditures with greater predictability....
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Differences Between Permanent, Fixed Term, and Contractual Employment
Differences Between Permanent and Fixed Term and Contractual Employment Today, individuals generally have two primary options for pursuing their professional activities: either working independently or entering into an employment relationship. To properly address matters related to different forms of employment, it is necessary to understand the concept of employment and the conditions governing each status.
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Crime of Breach of Trust
Crime of Breach of Trust Trustworthiness is regarded as a fundamental moral and legal value, and individuals are expected to diligently protect and preserve any property entrusted to them. Breach of trust refers to violation of an obligation, disloyalty, breach of commitment, and failure to observe the duty of safekeeping. Under criminal law, breach of...
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Action for Compulsory Release of Mortgage
Action for Compulsory Release of Mortgage A mortgage agreement is a binding contract between a creditor, the mortgagee, and a debtor, the mortgagor. Under this contract, the mortgaged property remains in the possession or control of the mortgagee until the debtor’s obligation is fully discharged. In the event of the debtor’s non-payment, the mortgagee is...
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General Meetings of Companies
General Meetings of Companies Since the establishment of companies, there has always been a need to adopt specific decisions for their management and governance. One of the principal corporate bodies that plays a decisive role in directing the Company’s affairs and achieving its objectives is the Company’s General Meeting.
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