The worldwide web provides a commerce friendly environment that fosters the entry of small entrepreneurs. It opens up avenues for wider reach into markets from different parts of the globe, and access to more affordable services or contractors. However, this also means that the new business owners should also expand their knowledge in the operational and legal requirements of running a business, especially those that deal with international transactions. One tool that they can add to their arsenal is litigation translation expertise. This can be very handy in ironing out disputes with customers or contractors overseas.
Legal issues are expected to arise in any form of business. This may vary from complaints filed by disgruntled employees or dissatisfied customers, copyright issues, tax litigation, and other disputes; but, it can also be simple mergers or acquisition agreements that come with business expansion. A business entity’s legal adviser or team may not have any trouble addressing these issues on their native language, but going over litigation proceedings that involve foreign languages and international laws is another story. In these cases, businesses can simply hire a translator to interpret legal transcripts or get Litigation Support Translation services from a company with an established expertise in the field. The latter is often the best option when it comes to mergers and acquisition deals. Small business owners who operate or transact with parties abroad don’t necessarily have to hire an in-house linguist or a litigation translation expert. They can easily find these services in the web and hire providers on a per project basis.
Look for providers that combine text analytics, linguist review, machine translation, post editing, and human review. Providers that employ a meticulous process in translating and sorting documents deliver more accurate results than those who don’t. This way one can be sure that nothing is lost in legal translation.
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A lot of individuals today find themselves in rental properties. The real estate troubles in the past years have caused former homeowners to let go of their homes and opt for rentals. While tenants do not have ownership rights over the apartments they rent, they do have rights that should be upheld. Everyone has heard about a lot of horror stories about landlords and tenants. But, there are also a lot of harmonious landlord-tenant relationships that prosper. Enjoying this kind of a relationship comes from knowing what you are getting into and laying all the cards on the table before you even sign your contract of lease.
As state laws governing rental arrangements vary from one state to another, it is important that you do your part in finding out what you and your landlord have to comply with. Talk to your landlord, ask questions, and iron out potential issues that might crop up during your term of lease. These are some of the tenants’ rights in apartment rental arrangements that you should know about:
The apartment that you will rent should be compliant with the state’s housing and health regulations. It is the landlord’s responsibility to ensure that the property is structurally sound, sanitary, and has provisions for basic utilities such as water, electricity, and heating.
There might be limits to the amount of security deposits that your landlord can charge. Consult your state legislation for specifics about these limits. Also, damages that are considered to be caused by normal wear and tear should not be deducted from your security deposit. Find out if your contract contains provisions that state otherwise. Maintenance and repairs of the apartment unit should be shouldered by the landlord. You can choose to add a provision in your contract saying that you can order repairs yourself and have the expenses deducted from your rent.
You cannot be evicted without due cause and notice. Most states require a court order to evict renters from the landlord’s property. In cases when landlords make things difficult for their renters to force them to leave, the renter can sue for constructive eviction. You might also want to check the contract of lease provisions that state that in the event of a lawsuit, you will be responsible for your landlord’s legal fees. This is not legal and should not be part of your contractual provisions.
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In the last year or so, the UK marketplace has seen a rapid growth in the popularity of litigation funding. It has become an essential tool for businesses to bring a case to court, and it’s fast becoming a very viable route to achieve justice.
The concept derived from Australia but has crossed borders and oceans to attract interest in the UK. Now, businesses should be optimistic about the new capital that is available.
So how is the market performing?
There has been scrutiny from the Parliament with the Legal Aid, Sentencing and Punishment of Offenders Act (LASPO) with regards to the regulation of litigation funding, but this has been embraced by litigation funders operating in English jurisdictions, with the formation of the
Association for Litigation Funders (ALF).
The Civil Justice Council working party created the Code of Conduct, and the ALF has been set up to monitor compliance. It has strict capital adequacy requirements to make sure that funders have the appropriate funds to cover cases for at least 36 months; and it restricts the funder’s ability to control the litigation.
Sadly, there has been an increase in some firms masquerading around the market as legitimate funders. These companies are wasting business’ time, causing potential danger to legitimate lawyers, and overall, having a negative impact. It is hoped that the introduction of the ALF will resolve the issue.
This is a new funding option which comes into place later this year, so it is not set in stone yet what the effect will be on the marketplace. It works by allowing businesses to pay the solicitor a portion of the damages if the case is won. It has been suggested that it will help funding become more widespread, as lawyers limit the size of risk taken on and take partial-funding.
So as you can see, the funding market in the UK is continuing to grow, and it is not just here that has experienced a surge in uptake. Litigation funding continues to be rife in Australia, as the market leader; and there has been a growth in America, Canada, Germany, Jersey and Hong Kong.
Litigation funding is a valuable tool for businesses around the world. As with all things in life, it may not be suitable for every single company depending on your individual circumstances; however it should definitely be cogitated as an option to go to court and reduce the amount of risk.
This article was written by Lauren Grice on behalf of Vannin Capital, the experts in litigation funding for insolvency. Visit the site today to unlock the value in the assets you are holding.
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