Partnership is a business where two or more people share ownership and responsibility. Partners receive profits and are liable based on partnership agreement terms. Partners can be individuals, corporations, or other business entities
BV is most popular business form in Netherlands, equivalent to German GmbH. Minimum one shareholder required, no minimum directors needed. Company has legal personality and limited liability protection. Registration takes 1-2 weeks
Disclaimer specifies rights and obligations in legally recognized relationships. Implies uncertainty, waiver, or risk in legal language. May be part of contracts or public warnings
Governance boards are chosen by stockholders to promote company interests. Supervisory boards oversee other non-governmental boards in civil service. Corporate governance varies between one-tier (US) and two-tier systems
A cease and desist letter warns of unlawful activities and threatens legal action. Government entities issue cease and desist orders for judicial enforcement. Letters often trigger licensing negotiations and litigation
Paralegals assist lawyers with legal tasks but lack full legal expertise. Work includes research, drafting, case management, and administrative tasks. Paralegals typically bill at lower rates than lawyers