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Startup Tips

What is estafa?

Is estafa equivalent to swindling? How can we avoid it?

Estafa is the legal term used to describe certain forms of swindling. Thus, a person can be considered a swindler for committing a form of estafa. However, a person can also be a swindler by committing other acts that are not necessarily ...

by Peter Imbong  | June 08, 2015 06:00:00
Startup Tips

5 essentials of a business contract

Take these basic steps in drafting a contract in order to close that deal without any hitch.

It is always good business sense for business transactions, especially those involving large amounts, to be sealed by contracts in order to assure all parties’ compliance with the agreement.In the Philippines, as stated by the Civil Code, people can use any form ...

by M. Malabaguio And K. Beltran  | October 07, 2013 10:00:00
Startup Tips

How much should I pay my employees during a holiday?

The law is clear on the compensation due to workers on regular and special holidays

Since the holiday season is here, now is the best time to understand what the law provides when it comes to compensation for your employees during holidays.There are 10 regular holidays in the Philippines: New Year’s Day (January 1), Maundy Thursday (date ...

by Entrepreneur Staff  | September 02, 2012 11:00:00
Startup Tips

3 things for a foolproof non-disclosure agreement

What should you include in the agreement

Last week, lawyer Reeza Singson discussed the importance of keeping your trade secrets secret from your suppliers and other people that you deal with. She also discussed legal remedies like the inclusion of a non disclosure stipulation in your contracts. To help ...

by Entrepreneur Staff  | November 07, 2011 09:00:00
Business Ideas

6 things you should know about your taxes

You can file lower taxes legally

The consensus among traders seems to be that government collects too much taxes from business enterprises, but with little or minimal development or benefit to business to show for it. As one trader who asked not to be identified told Entrepreneur Philippines, ...

by Rafael Santos  | October 27, 2011 03:00:00
Startup Tips

How to deal with succession issues

Is it immediately turned over to the first-born son?

Who takes over when a business’s leader dies? The succession question in your business depends a great deal on its form, and there are three: the single proprietorship, the partnership, and the corporation. As its name suggests, a single proprietorship is a ...

by Entrepreneur Staff  | September 26, 2011 04:00:00
Business Ideas

Using copyrighted material for your business

When using the work of others you must first determine if copyright permission is required

Companies will often need to use works protected by copyright or related rights works to support their business activities says the Intellectual Property Office of the Philippines. When using the work of others you must first determine if copyright permission is required.You ...

August 18, 2011 04:00:00
Startup Tips

Key factors to watch out for when signing a contract

Lest you enter into a \\\'void\\\' contract

A business contract is a legally binding written agreement between two parties to perform specific acts, such as sell an item or render a service. They are an important part of doing business, and thus have to be created and reviewed carefully. ...

by Entrepreneur Staff  | July 08, 2011 02:00:00