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The UK’s new Small Business, Enterprise and Employment Bill: Transparency is nothing to be scared of

The UK’s new Small Business, Enterprise and Employment Bill: Transparency is nothing to be scared of

The Small Business, Enterprise and Employment Bill (the Enterprise Bill) was introduced to Parliament shortly before the summer recess. The bill will enter its Commons Committee stage during October.  Subject to the will of Parliament, the Government intends it to be passed into law before the May 2015 General Election, ... Read More »

How to disclose multi-unit franchise offerings

How to disclose multi-unit franchise offerings

Multi-unit franchising is a good way to grow a franchise system quickly.  We now have guidance on how franchisors should present multi-unit franchise offerings. The North American Securities Administrators Association, Inc. (NASAA) adopted a Multi-Unit Commentary September 16, 2014.  Its message was this:  Starting in early 2015, registration states will not ... Read More »

Contract law and execution of contract under new law – part I

Contract law and execution of contract under new law – part I

This article includes the summary of some of fundamental changes and recommendations concerning the area of contract law and execution of contracts introduced by the new Czech Civil Code (the „NCC“). Regarding some other changes and principles of new laws, please refer to the previous article. 1. Contractual negotiations 2.1. ... Read More »

Fundamental principles of the new contractual law in the Czech Republic

Fundamental principles of the new contractual law in the Czech Republic

The new contractual law in the Czech Republic, which had been incorporated in one legal code (New Civil Code, the “NCC”), is based on the following fundamental principles: Principle of autonomous will According to this principle the parties may diverge from the statutory provisions to suit their needs, i.e. the ... Read More »

Ronald under fire: McDonald’s may be liable for franchisees’ actions

Ronald under fire: McDonald’s may be liable for franchisees’ actions

Large companies known as “franchisers” often allow “franchisees,” or smaller independent contractors, to use their trademark and distribute their goods or services for a fee. Most people are familiar with the franchise model in the fast-food in­dustry. Your local McDonald’s, for instance, is a franchise of the larger McDonald’s company. ... Read More »

Rule your own company!

Rule your own company!

On 15th March 2014 the new Civil Code of Hungary entered into force and it replaced the former Companies’ Act. The new Civil Code posed great challenges for the legal practitioners with its radical amendments a great amount of which affect the operation of companies. To begin with the most ... Read More »

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