The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
Trademark Registration as an Effective Tool for Business and How to Protect It
When starting a business, it is imperative to have a trade name to distinguish one’s business from the other. The trade name becomes your intellectual property which you take care of, and protect so that when the time comes that the business starts to grow, becomes a hit on the market, and earn goodwill, no one will be able to ride on the success of your business. The goods to be sold must also have a mark, called trademark, which means any visible sign capable of distinguishing the goods (Section 121.1. of the Intellectual Property Code of the Philippines). The trademark is the symbol of ownership of the property.
Further Empowering Rights of Women: Highlights of Republic Act No. 11210 or the “105-Day Expanded Maternity Leave Law”
Our Constitution provides that it is the duty of the state to protect and strengthen the family as a basic autonomous social institution and to equally protect the life of the mother and the life of the unborn from conception (1987 Constitution, Article 2, Section 12). Aside from this, the state shall also protect working women by providing safe and healthful working conditions, taking into account their maternal functions, and such facilities and opportunities that will enhance their welfare and enable them to realize their full potential in the service of the nation (1987 Constitution, Article 13, Section 14). These constitutional declarations are the foundation for the enactment of Republic Act No. 11210 (RA 11210) or the 105-day Expanded Maternity Leave Law.
What you need to know about the Bank Secrecy Law
Republic Act No. 1405, otherwise known as the Bank Secrecy Law was approved on September 9, 1955. It was created to encourage people to deposit their money in banking institutions, and for the same to be utilized by the banks for the economic development of the country (Section 1). The money deposited and invested in the bank can be used by the latter for another purpose that will be beneficial to our economy.
Permissible Deductions from Wages under the Labor Code and Other Laws
The Labor Code of the Philippines defined wage as the remuneration or earnings, however designated, capable of being expressed in terms of money, whether fixed or ascertained on a time, task, piece, or commission basis, or other method of calculating the same, which is payable by an employer to an employee under a written or unwritten contract of employment for work done or to be done, or for services rendered or to be rendered and includes the fair and reasonable value, as determined by the Secretary of Labor and Employment, of board, lodging, or other facilities customarily furnished by the employer to the employee (Article 97 (f) of the Labor Code). In view thereof, wage, being remuneration or earning, is the fruit of an employee’s hard work or labor, as such, it must not be subjected to deductions.
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