In practice, many individuals still buy and sell land using handwritten agreements instead of formal notarized contracts. This often occurs due to convenience, cost-saving considerations, or personal trust between the parties. However, under Vietnamese law, such transactions may expose the parties to significant legal risks, including the possibility that the transaction is declared invalid or […]
1. Introduction In the context of increasingly deep international economic integration, transactions involving foreign currencies have become common in commercial activities, investment, and civil life. However, in order to ensure the stability of the monetary market, control cash flows, and implement the State’s foreign exchange management policies, Vietnamese law imposes strict regulations on the purchase, […]
Legal Liability of Vietnamese Enterprises When Exported Goods Are Returned Due to Foreign Standards?
Introduction In the context of international economic integration, the export activities of Vietnamese enterprises have increasingly developed, contributing significantly to GDP growth and improving the trade balance. However, during the export process, Vietnamese enterprises must not only comply with domestic regulations but also adhere to the technical standards and regulations of the importing country. A […]
I. Introduction In commercial transactions, ensuring the fulfillment of obligations by the parties plays a pivotal role in reducing risks and enhancing trust. Two commonly used methods in Vietnam are bank guarantees and asset mortgages. Each method has its own advantages and disadvantages regarding legal framework, enforcement efficiency, and costs, which directly impact business operations. […]
1. What is the Suspension of a Licensing Agreement? The suspension of a licensing agreement refers to the temporary cessation by one or both parties of their agreed rights and obligations under a contract for the transfer of industrial property rights (licensing) for a specified period, based on mutual agreement or as prescribed by law. […]
The suspension of a licensing agreement is a significant legal mechanism designed to temporarily halt the execution of rights and obligations under a licensing contract. This measure is often applied in cases where specific legal or contractual grounds arise, such as breaches of obligations, force majeure events, or mutual agreement between the parties. Understanding the […]