The existing business involves patent technology on rocket design using the latest technology and offering competitive prices to the clients that would like a ride to space safely. It is a corporate business that has limited liabilities and separates from the legal entity of the directors. The company’s shareholders have the opportunity to control the company operations and to elect the directors for running the company (Summers 7). The rocket company proposes to start a factory in Hungary and will obtain licensing from the United States government for exportation of raw materials from the United States and the importation of finished products. The employees of the new company will be the residents of Hungary and areas that require technical expertise, employees will be exported from the United States. The existing traffic and logistics will be through air. The selection of the rocket business is that it is unique and requires high expertise in its operations (Summers 9).
Analysis of international business risks and benefits
Identifying the global market opportunity in Hungary requires finding a favorable combination of experts that will provide supportive regulations on import and export duties. Investing is essential and requires excellent outsourcing for partnerships in foreign markets. The U. S government have the role of loosening the restriction laws on licensing for the benefit of acquiring profit from Hungary (Chan, Allaudeen and Wilson 157). The opportunities present in Hungary involve the establishment of factories that will lead in the employment of Hungary citizens under labor and property rights. Directors of Rocket Company will set the procuring and wage bills as low as possible for the purpose of achieving profits for the motherland, United States. According to Summers (12), engaging in collaborative arrangements will expand the international market and attract international tourism in Hungary. Growth of business is a major business benefit the Rocket Company will gain form following the regulatory rules of consumer safety and UNCITRAL business treaties (Redfern 49).
Conducting Business in Hungary require an understanding of the civil law that explains the legal definition of contracts a visiting company expects to make with the Hungarian government. The legal relationship should exist between the U.S. Rocket Company and the legal bodies of the Hungarian government. Hungary provides freedom on the formation of legal contracts hence encouraging many companies to invest in the Hungary economy (Chan and Wilson 161). Common law allows foreign businesses to have access to government property in Hungary through the Local Public Administration Office. Business activities in Rocket Company in Hungary will get affected through employment terms that should be fixed according to Section 84/A of the Hungary business laws. Free trade between Hungary and United States will lead in the improvement of the living standards of workers, in the Rocket Company through the improvement of social welfare in both countries. The possibility of international trade facilitates the transfer of goods that would be relatively expensive upon production in United States due to logistic issues of raw materials and task force (Redfern 55).
UNCITRAL Treaties lead in double taxation of the Rocket Company. Tax competition affects both Hungary and the United States leading in the transfer of pricing. Concept of intellectual property is common in both countries leading in the patent provision of new products, procedures, machines and other improvements in the Rocket Company (Chan and Wilson 169). Trademark provision is common in Hungary and the United States leading in the provision of a common symbol, logo and design. Copyright protection leads in the originality of the finished products, in Hungary and the United States. The jurisdiction in Hungary is a multi-risk that leads many foreign companies to practice compliance rule under the umbrella of insurance management. Redfern (60) argues that errors and Omissions in business transactions are not justifiable means of winning a case in legal courts of United States. The United States cancel all the business relationships that turn sour with the aim of reducing losses in future transactions.
Conducting business in Singapore requires cooperation with Singapore’s Free Trade Agreement and financial institutions. The political environment in Singapore encourages the private business sectors in conducting business activities with ease due to a robust legal system. The government provides an incentive on the upcoming industries especially through lower corporate tax rate (Chan and Eugene 5). Geographically, Singapore is an island within the Indian Ocean and has strategic seashores and airports for the global enterprise. In terms of connectivity, Singapore flights take approximately seven hours to United States leading an increase of the global market. The competitive workforce involves employing individuals on the basis of knowledge, skills, and experience. The pricing currency of final products of Rocket Company will be in United States dollars. Legal documents from Singapore courts will be essential in the transportation of the finished products by air. Business insurance documents are also essential in coverage of all business risks in transportation, and possible liability costs (Redfern 49).
Legal and business recommendations
Legal recommendations in Rocket Company involve business development and the frequency of business work. Legal business disputes get resolved thought litigation, mediation, and arbitration. International Arbitration Act governs all the arbitral proceedings that involve international parties. Local judiciary system in Singapore makes the policies clear in order to allow intervention proceedings. The United States provides a reduction of litigation risks in business transactions (Neumann 117). Closure of business transactions leads in the offering of law choices that will help in the amicable process of solving disputes. The litigation process in business refers to the trial at legal court. Decisions of the court are final and after the judgment, the parties abide by the decision unless there is an appeal in the high court of appeal. Singapore jurisdictions lead in fast mediation processes that contribute towards business partnerships. Mediation involves a mediator that assists the parties in making an amicable settlement. Different organizations have a mandate of being a neutral party in the mediation process in the Singapore legal Act (Chan and Eugene 17).
Conclusion and application
Licensing involves use of licensee and licensor. The licensee has the role of checking the potential market of finished products of Rocket Company. The licensor enters the market with a different mode after the end of the initial license contract. According to Chan and Eugene (23), law clause choice involves the issuance of temporary permits in accordance with the business condition. Licensing authority requires businesses be under the jurisdiction of the local authority especially the international businesses such as Rocket Company. Forum clause allows the approval of temporary permits before gaining a legal license of business operation. Disputes resolution clause allows businesses apply for documents that vividly explain the situation and conditions leading in the disputes (Neumann 119).
Additional documents that handle breaches of contracts should have specificity according to international licensing section 6B. The courts do not allow auxiliary examinations, especially for international bodies unless drawn from court of appeal. Licensing procedure handles risks of loss through precondition and condition licensing procedures (Neumann 124). The insurance of finished products allows the Rocket Industry to minimize losses that may occur during freight procedures. International companies minimize the cost freight through possession of a valid license that provides a guarantee of compensation of any loss or damage during the operation period. The cancellation of license leads in difficulties of calculating the damages that may occur during the business operation period (Chan and Eugene 35).
Chan, Gary, and Eugene Kheng Boon Tan. “Introduction to the Singapore Legal System.”
(2004): 3-51. Print.
Chan, Kalok, Allaudeen Hameed, and Wilson Tong. “Profitability Of Momentum Strategies In
The International Equity Markets.” Journal of Financial and Quantitative Analysis 35.02 (2000): 153-172. Print.
Neumann, László. “Decentralised Collective Bargaining in Hungary.” International Journal of
Comparative Labour Law and Industrial Relations 16.2 (2000): 113-128. Print.
Redfern, Alan. Law And Practice Of International Commercial Arbitration. New York: Sweet &
Maxwell, 2004. Print.
Summers, Lawrence H. “International Financial Crises: Causes, Prevention, And Cures.”
American Economic Review (2000): 1-16. Print.
Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Why Choose Our Academic Writing Service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Online Academic Help With Different Subjects
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
What discipline/subjects do you deal in?
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Are your writers competent enough to handle my paper?
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
What if I don’t like the paper?
There is a very low likelihood that you won’t like the paper.
- When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
- We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.
In the event that you don’t like your paper:
- The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
- We will have a different writer write the paper from scratch.
- Last resort, if the above does not work, we will refund your money.
Will the professor find out I didn’t write the paper myself?
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
What if the paper is plagiarized?
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
When will I get my paper?
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
Will anyone find out that I used your services?
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
How our Assignment Help Service Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!