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In today’s fast-moving business world, a single contract mistake can lead to major legal disputes or financial losses. Understanding the most common errors in contract drafting and negotiation is essential for Vietnamese companies and foreign investors operating in Vietnam. This article highlights the top seven mistakes in business contracts and practical tips to avoid them….
02
Nov
Nov
In Vietnam’s fast-evolving business environment, drafting commercial contracts is not merely a legal formality—it is a decisive step that determines the stability, predictability, and long-term success of any commercial relationship. Understanding the essential principles behind a well-structured contract helps enterprises doing business in Vietnam minimize disputes and ensure smooth performance under Vietnamese law. 1. Clarity…
02
Nov
Nov
As Vietnam positions itself as a regional hub for innovation and digital transformation, technology transfer contracts play a crucial role in fostering collaboration between domestic enterprises and international partners. Understanding the legal framework and registration procedures is essential for enterprises doing business in Vietnam seeking to protect intellectual property, ensure compliance, and optimize the commercial…
21
Oct
Oct
Contract drafting is a core legal service that plays a vital role in minimizing risks and ensuring the enforceability of agreements in Vietnam. A well-drafted contract not only protects the rights and obligations of parties but also reflects the professionalism and strategic vision of businesses when engaging in commercial activities. Principles of Contract Drafting in…
20
Jul
Jul
As companies doing business in Vietnam expand into cross-border trade and global supply chains, international commercial contracts play a critical role in defining the rights, responsibilities, and risk allocation between parties. These contracts must not only reflect business intentions but also comply with both Vietnamese law and relevant international frameworks such as the CISG (United…
12
Sep
Sep
As Vietnam positions itself as a preferred destination for high-tech oversea investment and cross-border technology transfer, ensuring legal safeguards for confidential information and trade secrets becomes paramount. Particularly for foreign-invested enterprises (FIEs), robust mechanisms like Non-Disclosure Agreements (NDAs) and Non-Compete Agreements (NCAs) are not just compliance tools but strategic necessities. These agreements play a critical…
12
Sep
Sep
In the context of a knowledge-based economy and innovation-driven growth, the protection and exploitation of intellectual property (IP) have become vital for enterprises. Resolution No. 68-NQ/TW of the Politburo emphasizes the task of “institutionalizing innovation and protecting intangible assets” as a cornerstone of the national development strategy. This sets an urgent requirement for innovative enterprises…
23
Aug
Aug
In Vietnam’s cross-border business environment, bilingual contracts are increasingly common — typically drafted in both Vietnamese and English (or another foreign language). While bilingual agreements aim to ensure mutual understanding, they can introduce significant legal risks if not carefully managed. This article outlines the most frequent mistakes found in bilingual contracts and offers guidance on…
01
Aug
Aug
EPC (Engineering, Procurement and Construction) and BOT (Build-Operate-Transfer) contracts are common in infrastructure and construction projects in Vietnam. However, these contracts often involve complex legal and commercial risks that businesses must identify and proactively manage. 1. Risks related to scope of work and responsibilities In EPC contracts, clearly defining the scope of work, technical standards,…
01
Aug
Aug
Contracts are the most important legal tools in business operations, playing an essential role in establishing, adjusting, and protecting the rights and obligations between involved parties. Careful and clear contract drafting helps businesses minimize dispute risks, avoid losses, and ensure effective enforcement of rights. 1. Clearly identify parties and their legal roles Contracts must record…
