Splitting a company can be a valuable strategic tactic for corporations that want to change the focus of their business or split into two more specialized companies. There are two types of company splits in Japan: absorption type splits and incorporation type splits.
When licensing a patent to another party it is possible to register the license with the Japanese Patent Office. However, registering a license is not required in every case. Generally, the only licenses that need to be registered are exclusive licenses.
There are special laws relating to multiple people riding on a single bicycle. Breaking one of these rules can result in a fine of up to 20,000 yen. Normally, only one person should ride a bicycle at a time, but a rider over 16 years of age may carry up to two additional preschoolers (6 years or under) on specialized seats on the bike or somehow securely attached to the driver (if under 4 years).
Sometimes, a debtor will still be in the process of performing a contract when he or she files for bankruptcy. If the contract is still at a stage where both the debtor and the contracting party have not finished their performance, the liquidator often has the choice between continuing the contract or canceling it completely. If performance on the contract would result in further assets for the debtor to distribute to creditors, it is in court’s interest to allow the debtor to continue performance of the contract.