Commercial Agency Law in Kuwait – STA Law Firm

Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Lawyers in Dubai – STA

Sourced through Scoop.it from: www.stalawfirm.com

Without a local guide, your enemy employs the land as a weapon against you.”

Little did the great Chinese Military General, Sun Tzu, know that his guidance on how to wage war could draw similarities in the today’s commerce and trade economy. Agency Law establishes the framework which covers the relationship between a principal and agent. The principal is desirous of establishing a foothold in a new market and hence requires assistance in maneuvering his way forward with the local rules and regulations. Establishing this presence is where the agent comes into the picture. The primary obligation of the agent is to augment the business opportunities for the benefit of principal. Further, an agency is primarily set up by the principal with the intent to tap into a foreign market without having to establish a physical presence in the country. Continue reading more on Commercial Agency Law in Kuwait.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s