Académique Documents
Professionnel Documents
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Asset Protection refers to a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments.
PATENTED INHABITANTS
PATENT A LUXURY EUROPE TARGETS CONSUMERS IN COUNTERFEIT
CLAMPDOWN
PATENT TREATMENT
Enforcement actions by patent offices in developing
countries have traditionally been slow, but this situation is improving, especially as the WTO is ensuring that IP rights in developing countries are moving nearer to those standards in the West. In 1995, India signed TRIPS agreement with WTO.
OUT PATENTS
Chinas State Intellectual Property Office announced
in 2008 that 20 methods to protect IP have been drawn up, it includes: Improving the Protection System Strengthening law Enforcement Raising Public Awareness.
TRADING PATIENCE
Western companies are becoming more hopeful about
Chinas efforts to enforce foreign IP rights, especially since a number of WTO rulings went against China.
PATENTED INHABITANTS
IP Infringement lowers the creativity.
It has poor effect on companys Brand Equity, Profits
PATENT A LUXURY
Third-party policy
those who produce and sell fakes but also those who buy them in an effort to clampdown on counterfeit goods and tax evasion.
CLAIM TYPES
Claims
Internal Claims
External Claims
ASSETS TYPE
Assets
Dangerous Assets
Safe Assets
Corporations
Partnerships
Trusts
Corporations
Corporations are a form of business organization
created in accordance with state law. Three Types:C Corporations S Corporations Limited Liability Corporations
Partnerships
General Partnerships
An association of two or more persons carrying on a business activity Each partner is personally liable for all of the debts of the partnership
Limited Partnership
LP is authorized by state law and consists of one or more general partner and one or more limited partners. Limited partners have no personal liability for the debts and obligations
Trusts
Trusts
Revocable
Trusts
Irrevocable rusts
CONCLUSION
Contrary to popular beliefs, asset protection does not
mean hiding assets, and is not a trick to evade authority. Asset protection also does not involve deceptive agreements or fraudulent transfers. It is simply smart and safe financial planning. It safe guards your assets from being extracted by outsiders who do not have any right to or claim on your hard earned money.