Monday, June 10, 2019

Intellectual property rights

Intellectual property rights are patents, copyrights, industrial design rights, trademarks, plant variety protection, trade dress, geographical indications, and trade secrets in some jurisdictions. There are also specialized or derived sui generis exclusive rights varieties, such as chain design rights and supplementary protection certificates for pharmaceutical products and database rights. The term "industrial property" is sometimes used to denote a broad subset of intellectual property rights, including patents, trademarks, industrial designs, utility models, service marks, trade names and geographical indications.

The main types
Patents
A patent is a right granted by the government to the inventor or successor in title, entitling the holder to exclude others from the manufacture, use, sale, offer and limited period of the invention. in exchange for disclosure of the invention.

Copyright
Copyright gives the original creator exclusive rights.

Trademarks
A trademark is a recognizable sign, design, or expression that separates the products or services of a particular merchant from similar other merchants or services.

Industrial Design Rights
Industrial design rights protect the visual design of objects that are not just utilitarian. An industrial design consists of the shape, color or shape of the shape, configuration or composition, as well as the three-dimensional form of the combination of the model and color, containing an aesthetic value.

Commercial dress
A commercial dress is a legitimate artistic term that usually refers to the visual and aesthetic qualities of a product or its packaging, which indicates the source of the product to consumers.

Trade Secrets
A trade secret is a formula, practice, process, design, tool, model, or compilation of information that is not generally known or reasonably determinable, with which an enterprise can gain an economic advantage over its competitors and customers.

Thursday, June 6, 2019

Legal translation service

For short texts is easy to your online translators but when you need to translate identity documentation, financial documents, official reports, transcripts, filed patents, precedents and legal rulings and witness statements..without professional translation isn’t possible to do things correct.
Each country has its own set of regulations for legal translators and  legal matters vary from country to country, so only professional translators who specialise in the legal field should be with deep knowledge of the laws of the source and target countries/languages to avoid mistranslations. Translator, with no preliminary knowledge of law-related linguistics, risks making a faulty contract translation, potentially incurring legal consequences to the business.
Legal translation service refers to a wide range of documents belonging to the legal industry. These can include warrants, summons registration certificates, remittance drafts, corporate statutes or administrative texts, technical documents such as texts for a judicial purpose, minutes of court proceedings, agreements, articles of association (in case of company formation), as well as various business documents and blanks.
Legal translation is different from other forms of translation, as it relies on the utmost precision of conveying information and terminological correspondence, since incorrect translation may lead to significant legal incongruity, including law violations and lawsuits. Use services of professional translators.

Wednesday, June 5, 2019

I’m a self-employed

Independence is a new synonym for sole trader, because you run your own business as an individual and are self-employed. Let’s take a look on some things and characteristics that are connected with mentioned term:
  • is the simplest form of establishment
  • is intended for natural persons
  • usually it can be registered online
  • it does not require a minimum amount of capital
  • you have less responsibilities
  • less bureaucracy
  • accounting depends on the form of taxation.
  • the entrepreneur is liable with all his assets for obligations arising as a result of running the business
  • the entrepreneur has the sole right to represent his activity
  • the entrepreneur may be subject to VAT
Every country has some differences in procedure and applying criteria for this form of business.
Tax that self-employer should pay also differs from country. Self-employment gives more freedom to choose in what country to register  your status. You can compare and choose the most attractive for you and your profession.

Self-employers are brave people because they are personally responsible for any losses business makes. They play many roles in their business and it doesn't mean that businessmen are perfect in all. Smart self-employer are brave enough to ask for consultancy.

Tuesday, June 4, 2019

Structure of the Credit Report

It could be hard to hear “Excuse me, but we should because of your credit report”. Think about building credit report before that moment.
Credit report is detailed file of an individual's credit history. Credit report captures financial information that lenders use to determine your creditworthiness.

Credit score, also known as your FICO score, is the unit to determine how good is your credit report. It will go up or down based on many factors.

Credit report is like a pizza from many ingredients. So what “ingredients” should you take into consideration?
Personal identifying information: name, current and sometimes also past addresses, date of birth, social security numbers (if required) and employer information, marital status, contact information.
Accounts: Revolving credit and/or installment loans including account status, contact information, credit limits or loan amounts, recent payments.
Payment information:  the loan term, monthly payment, monthly payment information on all accounts, original loan amount/credit limit/high balance. Payment history has the most impact on your credit scores.
Public records: this is any legal obligations, including bankruptcies, tax liens, civil judgments.
Debts: on accounts, credit cards and auto or other loans.
Negative information: paying late ot not paying at all, collection accounts, settled accounts, defaulting on a loan.
Start this race for better credit score and fight for credit points not because you want to beat someone but because potential for your future.