The agency contract is one of those types of contracts that are governed by the mandatory rules of the law. Specifically, Agency Contract Law 12/1992, of May 27, is applicable. This law not only determines the contractual relations between the company and the agent during the duration of the contract, but also foresees the consequences… Continua a leggere Compensation for the commercial agent after the termination of the contract
Categoria: Commercial
Letter of Intent, the starting point of your negotiations
Transactions such as the sale of companies, stocks and shares, mergers, acquisitions, etc. require substantial investment in terms of time and resources for them to be completed successfully. Before signing the corresponding contract, the parties need to ensure that this investment and negotiations are fruitful. One of the most appropriate instruments for this purpose is… Continua a leggere Letter of Intent, the starting point of your negotiations
Is it necessary to sign a contract with a Managing Director if he carries out his executive functions free of charge?
When a Managing Director (MD) is appointed onto a Board of Directors, the company is obliged to enter into a contract with him according to article 249.3 of Royal Legislative Decree 1/2010, of July 2, which implements the Corporate Enterprise Act (CEA). The CEA expressly mentions that the contract must include all details of the… Continua a leggere Is it necessary to sign a contract with a Managing Director if he carries out his executive functions free of charge?
Sole Shareholder Companies: obligations to be taken into account
Spanish law allows the existence of unipersonal companies, which are those that have a sole shareholder. This circumstance can occur from the moment of the incorporation of the company or can occur later on, when for example the shares of two or more shareholders are acquired by one of them who becomes the sole owner… Continua a leggere Sole Shareholder Companies: obligations to be taken into account
Multi-territorial Licenses and their recent regulation in the Spanish legal system
The Royal Decree-Law 2/2018, of April 13, which modifies the Intellectual Property Law, regulates the multi-territorial licenses for the first time in Spain. These multi-territorial authorizations are established by the Intellectual Property Law as a non-exclusive right, and modify the previous licensing system for musical works, putting an end to the difficulties faced by online… Continua a leggere Multi-territorial Licenses and their recent regulation in the Spanish legal system
Action of objective liability or debts due to non-compliance by the administrator
A debt liability action protects shareholder credit when there is a breach by the company director of his obligation to dissolve the company and there are legal grounds for dissolution. This is established in article 363 of Spanish Corporation Law, but it is only valid with regard to loans that are outstanding after the company… Continua a leggere Action of objective liability or debts due to non-compliance by the administrator