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