What is a franchise agreement (commercial concession agreement)
How does franchising function in terms of Russian law? We will understand what exactly is understood by law as a franchise agreement or a commercial concession agreement. From the point…

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How to survive financial difficulties
There is nothing shameful in poverty. To overcome financial difficulties, you should start monitoring your expenses. To solve the problem, stop spending more than you earn. Physical and mental health,…

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Where and how to find dealers: 6 best ways
What are the pros and cons of various ways to find potential dealers and wholesalers? We select the most effective methods for creating and expanding the dealer network. Sooner or…

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fact

Interest-free loans between “their”: to stand – to be afraid?

At first glance – not scary
Based on the provisions of paragraph 1 of Art. 50 and paragraph 1 of article 809 of the Civil Code of the Russian Federation in the general case, commercial organizations provide loans to other commercial organizations on a reimbursable basis. Moreover, according to paragraph 1 of Art. 421 of the Civil Code of the Russian Federation, citizens and legal entities are free to enter into an agreement. On this basis, the parties to the loan agreement are not limited in the right to establish in such an agreement any interest rate for the use of borrowed funds received in connection with the borrower’s business activities. Certain restrictions on the amount of interest under such an agreement can be caused only by compliance with other principles of civil law – reasonableness and fairness, the inadmissibility of abuse of law (clause 2 of article 6, article 10 of the Civil Code, paragraphs 9, 10 of the resolution of the Plenum of the Supreme Arbitration Court RF dated March 14, 2014 No. 16 “On the freedom of contract and its limits”). Continue reading

How two brothers and sister set up a $ 1 billion business selling cheap toys
The Mowbray family’s path to success in toy production was thorny - it had cheap rented housing in Hong Kong, courts with competitors, and goods that no one wanted to…

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How to create a business from scratch?
Each person, at least once in his life, thought about how to stop working for a “strange uncle” and start his own business. Of course, investing in one's own is…

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