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
How to Protect Yourself in Franchising Your Business
Expansion is a fair expectation for every growing business. With this in mind, many owners of growing enterprises are wondering how they will enlarge their scope, and consequently, their revenues, to even greater levels. Depending on the kind of business one is engaged in, the various expansion methods that they have at their disposal have their own pros and cons that can greatly influence the concerned business owner as to which one he will take. For entrepreneurs who are inclined to franchise their own businesses, here are the matters that they need to consider, especially on the legal side.
Payment of Salary, and Prohibitions Regarding Wages
Many employees rely on their wages for their sustenance, if not survival. Given this, employers are prohibited by law from interfering with how the employee would dispose his wages by imposing certain prohibitions. Considering that the employer cannot simply do whatever he willed over the payment of his employees’ wages, it is therefore imperative for them to know the dos and don’ts to ensure that the enterprise is in line with the best practices in the field of human resources.
Bulk Sales Requirements That Creditors Need to Know
To prevent debtors from defrauding their creditors by secretly selling, disposing or mortgaging in bulk of all or substantially all of a merchant’s stock of goods, the Bulk Sales Law (Act. No. 3952) was passed. With this, certain formalities are required to be complied with. It is therefore important for every creditor to know what transactions are covered by the law, as well as the formal requirements for said transactions, so that they will be able to protect their credit from sly debtors who do not intend to pay their debts by fraudulently disposing their assets in bulk.
Data Privacy Guide for Employers
Due to the mandatory nature of the provisions of the Data Privacy Act, the employers, as information controllers, are now duty-bound to observe the rights of the individuals from whom they have gathered personal information. Considering that compliance with the law would modify certain established practices, it is incumbent upon business owners to know and understand the what the law mandates.
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