The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
Understanding the Nature and Consequences of Resignation
Though employment may be terminated by the employer due to just and/or authorized causes, the employee may likewise validly terminate his own employment at his own instance. This is the concept of resignation, which is a formal pronouncement of relinquishment of an office. It is therefore important for employers to know what their rights are in case any of their employees exercise their option to terminate their own services.
Walking Through the Essential Traits of Contracts
Taking into consideration the essential characteristics of contracts, one can conclude that when a person enters into an agreement with another, certain rights and obligations are created, which both contracting parties are bound to observe and respect in the course of pursuing the objectives of business relationships. This should be the guiding principle for entrepreneurs, as their growth and success largely depend upon the dealings that they enter into, and the transactions they make, in the course of their businesses.
What You Should Know About Engaging in Recruitment Business
Engaging in recruitment and placement of workers is not as simple as hiring and selecting employees for another. Labor contracts are so impressed with public interest, and any arrangement that may potentially cause exploitation of workers merit stricter regulations by the government. Compliance with the law and rules would be the best way to go through this business, and thus, there is still no substitute to understanding all its requirements and consequences.
How Safe is our Banking System?
The importance of banks to businesses cannot be overstated, considering that banks are the very institution that enterprises, big or small, run to in case of need for additional source of financing. Given the significant and sensitive role that banks play, the government has instituted regulatory measures to ensure that transacting with banks would be as safe and as risk-free as possible.
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