Posted 11.06. 2020 by Cekindo / Last update on 15.07. 2020
Starting and running a business in Vietnam has its fair share of challenges and obstacles. Sometimes, unfortunately, you may have a run-in with the law. This is the reality: a business, regardless of its size, can encounter different legal complications during its operations.
Therefore, having proper legal aid and advice at these difficult times is vital to the company’s survival.
However, most companies don’t want to just merely survive, they want to grow and be successful.
This is why when you look at those prospering Vietnamese businesses, they don’t hold on to the last minute until they’re prosecuted to hire a legal or business consultant in Vietnam.
In Vietnam, business owners seek legal consultation to help them make sense of legal situations to react adequately to avoid legal implications.
The job scope of a legal consultant in Vietnam varies and it depends greatly on their involvement in the company.
And the truth is, businesses that seek legal advice from the very beginning will rarely go to court. This is because all critical business steps that may have legal consequences will be reviewed by expert legal consultants to make an informed decision.
In the following section, Cekindo explains the importance of legal consultation for your business in Vietnam.
1. Ensure a Successful Company Establishment
The very first step to start a business in Vietnam is to register your company. Registering a company is not a difficult undertaking but it is indeed a complicated one.
You don’t just pay for registration and get your business license the next day. It is more than that.
You must hire a legal consultant while incorporating your company. This is because as a newcomer to a foreign land and with the constantly changing Vietnamese laws, you will most often overlook critical legal requirements.
So, don’t make the mistake of not seeking legal advice to guide you through the entire entrepreneurial journey.
2. Negotiate and Draft Official Agreements
When it comes to official contract negotiation and drafting, keep in mind obtaining legal advice from a legal consultant in Vietnam is of significant importance.
These official agreements include employment agreements, partnership contracts, investment contracts, and others. Your legal consultant will review the terms and conditions, and draft the contracts very carefully.
Once they notice any potential problems in the contract, they will report the issues and provide recommendations – before you sign anything. This can greatly avoid future disputes among different parties and make sure legal compliance.
3. Protect Your Intellectual Property
Your company’s intellectual property is part of your valuable company’s assets. That’s why you need to protect them.
For instance, once you have a new product or service that is unique and you want to prevent competitors from stealing your ideas, you have to patent them.
However, you can’t do this alone if you don’t have the expertise.
A legal consultant in Vietnam can provide you with guidance if a patent is necessary for your products or services and alternative ways on how you can protect them.
If a patent is deemed necessary, these legal experts will help you simplify the patenting process to save you time and money.
Cekindo is proud to have the best legal consultant Vietnam has to offer. Our legal consultants are all experienced and accredited in business and legal law practices.
Here at Cekindo, we can assist with a series of applications, inquiries, and appeals ranging from visa and permit applications to recruitment, tax reporting to company incorporation. We offer fast-track professional services for a variety of different fields and industries.
Our legal consultants in Vietnam can help to do away with a substantial amount of stress and frustration from the legal processes.
Cekindo can not only increase your chances of getting approval from all sorts of legal processes and applications, but we can also meet all your legal requirements at reasonable prices, without compromising the quality and assurance.
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