The legal difference between a consultant and an employee and some of the legal implications according to the Nicaraguan law.
Knowing the legal difference between a consultant and an employee is important for a company that needs to hire someone in Nicaragua or for a person interested in rendering services for a company or another person, due to the fact that the nature of the contractual relationship will determine many factors that both parties must be aware of before executing the contracting modality that will govern the relationship between them—the nature of the contractual relationship impacts on the employment benefits, tax implications and liabilities that the parties must comply with according to the law.
Basic Labor Benefits Required by the Current Nicaraguan Law
As a lawyer at Alvarado y Asociados in Nicaragua, I have had the opportunity to assist many investors that want to incorporate a company in this country.
Arbitration in Nicaragua
Among the alternative means of dispute resolution, arbitration in commercial relations is a figure that over the years has been gaining territory over conflict resolution in the courts. Arbitration is a procedure by which the appointed arbitrators issue a binding decision on the parties in a dispute named award, which allows any differences raised in trade relations to be solved in a friendly, quick and impartial manner.
Single director -shareholder Companies (sociedad unipersonal) according to the Nicaraguan legal system.cording to the Nicaraguan legal system.
What is a Single Shareholder and Director legal entity?
Generally speaking, a Single-Director shareholder Company, is defined as a legal entity formed by only one shareholder, being the same either an individual or legal entity, originating from a unilateral legal act and declaration, and complying with the corresponding legal requirements applicable in each jurisdiction for its formation. This type of legal entity may also be known as a ¨sociedad unipersonal originaria¨ (Original Unipersonal or single shareholder company).
Intellectual Property: How Rights Over a Trademark can Expire in Nicaragua
The termination of applicable rights over a registered trademark is a very important topic that should be known by all trademark owners, since the causes for termination are many and it is important to know about each of them. Our Intellectual Property Legislation, specifically, the Trademark Law and other Distinctive Signs (Law 380), which regulates the nullity and cancellation actions as well as the renounce of a trademark. The first two are judicial actions that can be exercised primarily by an interested third party in the nullity or cancellation of a registered trademark, and the third one, is a petition that can be filed before the Intellectual Property Registry by the owner of the trademark to obtain the cancellation of its registration.