Corporate law is a very important aspect of any business in the area of legal fields. It can benefit them hugely. They help us to get various paperwork done, legal work is done, and shares legal information benefiting our business. This type of legal service can benefit us in the growth and empowerment of our company.

Businesses get a better understanding of the law when they hire a corporate lawyer, they may even help us run business in regards to legal clauses.

Taking wrong legal decisions can be devastating from any business be it small, medium, or big enterprises. Where big companies have separate departments to handle legal problems but for a small business it is a money-draining activity and even hits their reputations. Hiring a corporate lawyer can be greatly helpful to business. 

A corporate lawyer helps you set up the right infrastructure in your organization. He may help you in the incorporation of your company be it LLC, corporation, partnership, or other firm structures. It’s very important to formulate the right organization fitting your business. As well as a corporate lawyer can help you grow your business or at the time of hiring, etc.

If you are in the USA, you can hire Franklin I. Ogele for your legal support and advisor for your business. Here are some benefits that you enjoy after hiring a corporate lawyer.

1. They are experts in commercial litigations and business law hence they can solve business cases easily and smoothly.
2. Corporate lawyers focus on protecting you and your interests and save us from legal issues that may affect our business.
3. Corporate Lawyers Offer You Different Perspectives of doing business legally.
4. Helps you determine if litigations are correct and saves us from unnecessary expenses.
5. Helps you understand laws that are important for day to day working of your business.
6. Helps you solve problems before they arise.
7. Desolation of business when you have a dispute among your partner or in the business.
8. Helps in solving the issues with workers or labour unions and saves us from severe damages to our organisation.
9. Help in using a legal loophole to run a business complying with the government. policies.
10. Helps us to save huge tax amounts.

A corporate lawyer helps us to set the right structure for your business. The structure can be a LLC, corporation, partnership, or any other structures but it’s important to establish the right organisation for your business. This decreases the chance of business risks. As well as a corporate lawyer assists us to grow our business by providing help during recruitments and business contracts. They provide us with legal suggestions during business transactions.

These were some of the major benefits of hiring a corporate lawyer for your business. They solve your various problems with legal issues, in the formation of the company. This valuable information was provided to us by Franklin I. Ogele, you can take his help to resolve legal problems regarding your business.

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Salman F Rahman (সালমান এফ রহমান) is a co-founder of the Beximco Group- largest private sector group in Bangladesh. He is a renowned businessman and is widely acclaimed for his contribution towards the development of private sector. He anchored the key initiatives that have helped build Beximco’s corporate identity, and led the Group into becoming a leading industrial conglomerate in the country.

Career:

He is currently the vice chairman of Beximco Group, also one of the largest conglomerates in Bangladesh. Since 2009, he has been serving as the private sector development affairs adviser to the Bangladesh Awami League President Sheikh Hasina. At present, Salman F Rahman is also acting as the president of several trade bodies, including Association of Television Channel Owners (ATCO). In January 2019, he was appointed as Prime Minister Sheikh Hasina’s adviser on private industry and investment, after winning the elections from Dohar-Nawabganj constituency.

Early life:

Rahman is the son of Fazlur Rahman and Syeda Fatina Rahman. He was born in Dohar Upazila of Dhaka District. He is married to Syeda Rubaba Rahman and has a son named Ahmed Shayan Fazlur Rahman. He graduated from the University of Karachi.

Early stage:

In 1966, he joined hands with his elder brother, Sohail Rahman, to start a business by running their family-owned jute mill. The government nationalized the mill in 1971. They further established the Bangladesh Export and Import Company Limited (Beximco Group) in 1972 and started exporting seafood and crushed bones to the European countries and import medicines in exchange for the exports of seafood and crushed bones.

In 1976, Rahman brothers established Beximco Pharma. Later on, this company was listed as the first Bangladeshi company at London’s Alternative Investment Market. The company is listed in Aim of the London Stock Exchange and is also accredited by many foreign regulatory authorities including the US FDA for its export operations.

In 1982, the brothers partnered with the Dubai-based Galadari Brothers Group to establish the AB Bank. In the year 1985, he sold his stake to the other partners. Rahman became chairman of the bank in 2010.

He owns the English Daily the Independent and the Bangla News Channel Independent Television. He is also the Chairman of the Board of Editors of theDaily Independent.

Politics:

Rahman entered politics in the mid-1990s. He founded the political party Samriddhya Bangladesh Andolan. Later he joined the Bangladesh Awami League. He was the Bangladesh Awami League nominee from a constituency in Dhaka-1: Dohar Upazila in Bangladeshi general election in 2018.

Salman F Rahman contested from Dhaka-1 constituency (Dohar and Nawabganj) in the parliamentary election and received 3,04,797 votes from 178 centers of the constituency while the nearest rival Salma Islam received 38,017 votes. Salman F Rahman contested the election with the Awami League’s symbol boat while Salma Islam contested with the symbol motor vehicle. Salman F Rahman has secured 86.5% of the votes of the constituency, consisting of the Dohar and Nawabganj Upazilas.

Salman F Rahman was appointed as Private Industry and Investment Advisor to Prime Minister Sheikh Hasina on 15 January 2019. The PM appointed Salman F Rahman to the post under article 3B (1) of the Rules of Business 1996. The post holds the status of a minister without any financial benefits.

Association:

Rahman headed the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) from 1994 to 1996. He is a director of the Bangladesh Securities and Exchange Commission and Dhaka Stock Exchange. Currently, Rahman is acting as the president of Association of Television Channel Owners (ATCO) and LPG Operators Association of Bangladesh (LOAB). He is the chairman of the Board of Governor of Bangladesh Enterprise Institute and the sporting club Abahani Limited Dhaka.
As a seasoned businessman and Member of Parliament, Salman heads various delegation of Bangladeshi businessmen and officials on his visits to developed nations like USA, UAE. At the same time, he also receives diplomats- thereby helping the overall growth of the country.
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This article is aimed at people who have little to no contact with the subject matter, intellectual property. Here we will be going through the key topics, facts, and issues of intellectual property law.

The types of IP (Intellectual Property)

Patents, registered designs, trademarks, and domain names are some of the IP rights that require registration, and this marks the first type of IP. The other type is the one that doesn’t require registration like copyright, common law trademarks, unregistered design right, and confidential information. Different types of IP are utilized towards protecting different things.

Patents

A legal right that enables the owner of an invention to stop others from using that invention is called a patent. Patents are usually associated with technical designs, but if something that solves a problem has been developed, then that too will be a patentable invention. A patent needs to be granted first before it can be enforced.

Registered trademarks

Signs like words or logos that distinguish services and goods from one business to another in the marketplace are called trademarks. Trademarks generally relate to branding. If you have ever sold a product or a service under a brand name, then you have dealt with trademarks. 

Registered designs

Designs protect the shape and visual appearance of a product. Designs can be obtained for a three-dimensional product like an iPhone or a two-dimensional product like logos or symbols, typefaces, or other 3D objects.

Don’t disclose patents.

It is imperative to not disclose any information regarding your invention publicly, including details on your website, etc. Before filing a patent application. Because such disclosures can be used against you when the Patent Office is examining the patent. Disclosures before the application could preclude you from getting the patent granted.In some cases, you may need to share the information of the invention outside of the company with an investor or a developer, in such a case you can either make a confidentiality arrangement or you can think about filing the patent beforehand. 

IP rights are territorial.

IP rights such as patents, registered designs, and trademarks are territorial and can be infringed when the IP right is in force. In other words, this means that you will need to consult your IP advisors where the protection is required; it might be where you are selling the goods or at your manufacturing base or where your competition may be.

Due diligence/branding

When you are identifying the IP rights that apply to your business, it is significant to keep in mind that while a domain name and company name might be available, but you are not yet clear to use that in the business. One should first clear a trademark for registration and use before considering a new branding exercise.

Software patents

People tend to give in to the misconception that software-based inventions cannot be patented while there may be other additional issues to consider when hardware inventions are compared to software inventions, but it doesn’t necessarily mean that software inventions cannot be patented. Check with a patent attorney in such a case to get the best feedback.

Patent Box

Patents have reduced the corporation tax liability for many in the UK. The UK government in 2013 introduced lower corporation tax rates on European patents that have been generating excellent profits. The patent box regime can prove to be beneficial for your company; you can get a quick assessment done by a patent attorney in such a case.
The subject of Intellectual Property Law can be confusing, but we have listed all the necessary things that you need to know. There is a whole lot of information online that can answer your specific queries. This was all about IP laws in 2019.

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