In international business deals the two parties may not share a common language. In these circumstances, the final contract may be translated into multiple languages and there may be up to two or three different language versions of the same agreement. Therefore, it is important to specify which language is the “official” version of the contract through a Choice of Language clause.
In order for a foreign national to live and work in Japan, it is necessary to have a proper visa. This requirement can make it difficult for foreign investors to start a business in Japan. However, to solve this problem and encourage foreign investment, Japan has established the “Investor/Business Manager” visa.
The Madrid Agreement is an international treaty regulating the protection of intellectual property. Ninety countries are registered to the system established by the treaty and it is administered by the World Intellectual Property Organization (WIPO) The portion of the Madrid System that applies to trademarks is called the Madrid Protocol.
Once a bankruptcy case starts, creditors of the bankrupt party lose all rights to pursue payment of any debts outside of the bankruptcy proceedings. If one creditor were to settle with the debtor outside of the bankruptcy court it would unfairly prejudice the remaining creditors so the bankruptcy law specifically prohibits creditors from privately pursuing their claims.