Project Financing – The Project Agreement

For any financial project to get off the ground, a project agreement is required. The project agreement document establishes the structure of the associations that are set to work on the relevant project.

The project agreement specifically governs the relationship, rights and obligations between the public authority and the company working on the project that is to be financed, throughout the entire term of the project. It can also be called a concession agreement.

In early PFI projects, it was common to have separate agreements for different phases of the project, such as a development agreement for the design and construction phase and an operating or facilities management agreement for the operating phase. However, it is now more common to have a single project agreement covering all aspects of the project.

In this way, the public authority grants a licence to the company working on the project. This would occur where no property interest could be granted or would be needed.

Logistical Business and Transportation Laws

Logistical businesses operate over some of the most far reaching areas of the industrial world. Because of the expanse of their work, these businesses have to contend with a multitude of different laws, varying across countries and continents. Among these laws are transportation laws.

Transport or Transportation Law deals with all forms of transportation. These laws derive from state, federal, and even local sources, and can apply very broadly at a transport system level or more narrowly to specific activities or things.

Transportation law is not limited to standard vehicles like lories or cars. transportation law also concerns to rail, water vessels, bicycles, airplanes, helicopters, and any other form of getting from one place to another. Its important to remember that the laws affecting transportation concern not only to these modes of transit, but also to the infrastructure that supports them, such as roads, bridges, airports, trails, ports, etc.

The Effect Technologies Have On Business

When it comes to business, the technology you make use of has a big impact on the way your business operates. For example, a tradesperson working independently, can organise and structure his or her business in such a way, that they would almost create a new job title for themselves.

It is because of this dramatic impact, that taking into consideration how your business moves with these technologies is so important. If a certain technology, for example a new messaging service used to keep in touch with clients, effects the workflow of your business in any way, then that technology is effecting your business overall.

As it has an effect on the workflow, other elements of your business are effected and as such, your business is already moving with the technology being used.

There can also be legal considerations to make too, as your business is adapting to new applications, so to is the legislation that comes with these new processes.

Forms of Business Ownership

There are several different types of business ownership. They fall into, sole traders, partnerships and private limited company categories. As the business expands it may decide to become a public limited company or to offer franchises.

Sole Traders

A sole trader is a business that is owned and controlled by a single person. However, they may also employ workers. Individuals who provide a specialist service, such as carpenters, hairdressers or photographers are often sole traders.

Partnerships

A partnership is a business that is owned by two or more people. Examples of these include doctors, dentists and solicitors. The advantages of a partnership include the shared experience between owners, shared responsibility and increased work ability.

Limited Companies

Limited companies hold a special status within the law. These companies are incorporated which means they have their own legal identity. Because of this they can sue or won assets in their own right.

Information Regarding NDAs (Non-Disclosure Agreements)

A non-disclosure agreement is a legal contract which sets out how information is shared. Its aim is to allow people to share information and ideas in confidence, without risking the information or idea being taken without consent.

The best way to keep something confidential is not to disclose it in the first place. However, this is not always possible especially in the development of certain business models, as an important part of the process resides in testing the model with other people.

If you do need to share information though, it is recommended that you use a non-disclosure agreement. This could also happen when you speak to potential partners like, investors, manufacturers or stockists.

You may have to tell people about your idea or your business to get advice. This could be from, banks or financial advisors.

It is important not to assume that conversations with advisors are automatically confidential.