April 2019

Law of Contract and Torts

License agreement

A license agreement is governed by the provisions of Articles 686 to 711 of the Law of Contract and Torts. By a licensing agreement a licensor shall assume the obligation to assign to a licensee, entirely or partially, the right of use (franchise) of an invention, technical know-how and experience, trade-mark, sample or model, while…
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Information which is a business secret

Duty to keep business secret according to provisions of the Companies act

Duty to keep business secret is regulated by the provisions of Articles from 72 to 74 of the Companies Act. A business secret is information the disclosure of which to a third party may damage the company, as well as information that has, or may have, economic value because it is not generally known or…
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