Author: aviationopedia

Costs The entry of the power of attorney in the commercial register is associated with costs that are determined by the law on the costs of voluntary jurisdiction for courts…

Passive representation If only a passive act is required, for example when receiving unilateral declarations of intent such as termination or contestation, but also when receiving an offer, this declaration…

For large companies that have to deal with hundreds of legal transactions every day, authorized signatories are indispensable. The power of attorney is also often used to bind particularly qualified…

Assets are not only important to you as an entrepreneur. Assets also play an important role in your balance sheet and you differentiate between fixed and current assets . For…

Whether in the news or in the daily newspaper: The term cold progression keeps popping up. But what exactly do you mean by that? We explain what is meant by…

Content of a contract for work As with most other contracts, neither a scheme nor a written form is required for the contract for work. Nevertheless, it should always be…

According to the definition, a contract for work is a private law agreement in which the contractor owes the client the success of his work. Contract for work, a private…

Short for JIT by abbreviationfinder, Just in Time promises a minimization of expensive storage costs and shorter changeover and lead times. Material inventories can be reduced considerably and the production…

Corporation or partnership – when setting up a company, the founders must choose a legal form . This can be a partnership or a corporation, depending on the capital base,…

There is no excuse for not wanting to experience the world’s largest living animal – not to mention the heaviest and largest animal that has ever existed on earth. It…