Resource Library

This is a sample consulting agreement where the consultant agrees to act as Advisor.

The aim of a liquidated damages clause is to specify in advance the indemnification for a party that suffers from a breach of contractual obligations. Non-performance of a contract, without any evidence of actual damage, is grounds for pre-estimated compensation. This clause obviously limits the necessity to seek indemnification in court and is in demand in business contracts. However, if challenged, its efficiency may be greatly reduced by the intervention of a judge who has the power to modify the amount of the compensation determined in the contract. The distinction between liquidated damages and penalty clauses has a greater impact in common law countries than in those influenced by Civil Code tradition. This QuickCounsel assesses several court decisions in various European countries that bring to light these differences.

This Top Ten provides a brief overview of some of the most attractive reasons a foreign investor should take into consideration when deciding to invest in Romania. From a business standpoint, information on the following areas could raise the interest of a potential investor in Romania.

There are many actions that the other party may take during a negotiation that, whether inadvertent or intentional, can help delay or derail the process if you don't respond properly. Here is a second set of ten such scenarios, followed by some brief summary comments regarding how you may wish to respond in each instance.

The purpose of this top ten is to serve as a checklist of issues you may want to bring up to management and other employees, to fresh up their understanding of the antitrust regulations and avoid costly mistakes in Colombia.

New rules for acquiring agricultural land in Slovakia

This short article offers ten practical tips for drafting and negotiating international agreements.