FAQ Archives - Page 32 of 94 - Ohara & Furukawa

April 26, 2017

What is an insurance clause?

Sometimes an agreement involves cargo or products that, if lost, would create more liability than either party is willing to accept. In these situations, where the risk of loss is disproportionally larger than the contract price, the parties may agree to include an insurance clause to ensure that, if the cargo is lost or destroyed, neither party will have to pay for the damage.

April 21, 2017

Do employees get a bonus for creating an invention in Japan?

In certain industries it is common for employment contracts to contain a clause that grants the rights to all inventions by the employee to the employer in exchange for compensation. In some cases, the employers will set the compensation beforehand, essentially providing a set bonus for any and all inventions by employees.

April 19, 2017

Is a lawyer necessary for accidents in Japan?

In assigning responsibility for accidents it is not always clear who the negligent party is. In many cases there will have been a string of incidents leading up to the accident in question and there may be multiple cases of careless behavior. Having an attorney help with litigation or negotiation related to an accident in Japan can help make it clear what each parties’ legal responsibilities are.

April 17, 2017

What assets get divided during bankruptcy in Japan?

The bankruptcy estate is the total collection of assets that creditors must split upon the bankruptcy of a debtor person or corporation. It is often less than the total amount of the bankrupt person’s debts but splitting it fairly among all creditors is an integral part of the bankruptcy system.