Legal review regarding the overseas affiliate status and business agency of global enterprises.

Law firm Veat received a request from global company A (hereinafter referred to as "the client") and performed legal reviews regarding the status of overseas affiliates and related agency work.

​Law firm Veat’s corporate advisory team assisted the client in preparing legally for acting as an agent of the overseas affiliate.

Since the power of attorney needs to clearly define the scope of work and authority that the agent can perform, Law firm Veat’s corporate advisory team provided guidance by comprehensively reviewing not only the key content that should be included in the power of attorney to specify the authority to perform work and the formal aspects such as the necessity of notarization according to the submission institution’s requirements, but also .

Furthermore, based on the experience of advising numerous companies, Law firm Veat’s corporate advisory team provided an English non-disclosure agreement (NDA) that details the definition of information, confidentiality obligations, exceptions, and legal responsibilities, considering the potential for exchange and provision of confidential information between the two parties during the agency process with the overseas affiliate. This ensured effective protection of both parties' confidential information and prepared for potential legal disputes.

What is a Non-Disclosure Agreement?

 

A non-disclosure agreement or confidentiality agreement is a legal document used to ensure the confidentiality of important information when sharing it between companies or individuals. It is particularly important when dealing with overseas affiliates and performing related work.

The core content typically included in a non-disclosure agreement is generally the definition of confidential information, purpose of use, confidentiality obligations, rights and obligations related to confidential information, and liability for damages in the event of a violation. Since the scope of confidential information is very broad, it can include/exclude various information, through which trade secrets, programs, and various forms of information can be protected.

It is necessary to carefully review the content of the contract through consultation with legal professionals who have handled various cases in the international business environment, including specific measures and setting a period for application in the event of a violation of confidentiality obligations, and to compose clauses according to the circumstances of each company, to avoid unexpected burdens.

 

Law firm Veat’s Role

 

When conducting international work, it is essential to perform legal reviews from an international perspective, as the laws of each country are intricately intertwined, and minimizing potential risks in this process is important.

​Law firm Veat provides rapid and accurate advice on corporate legal issues based on a deep understanding of the global environment and abundant experience.

Specifically, Law firm Veat has entered into a strategic partnership, focusing on fostering global growth and providing legal support to startups, based on its expertise and know-how, and collaborating with Next Challenge, a global accelerator foundation. Through this partnership, Law firm Veat actively assists startups in legal support after global nurturing and investment attraction.

If you require corporate advisory and regular legal advisory services for international work, such as non-disclosure agreements, please contact Law firm Veat.

Law firm Veat will act as a legal partner to help your company grow stably in the global business environment.

Thank you.

Sincerely,

Law firm Veat