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Use of Agents, Distributors, Finding a Partner,Korean seafood industry
Title: Use of Agents, Distributors, Finding a Partner,Korean seafood industry
Category: Business & Economy / Management
Details: Words: 840 | Pages: 3.6 (approximately 235 words/page)
Use of Agents, Distributors, Finding a Partner,Korean seafood industry
The most common means of representation include: 1) appointing a registered commissioned agent (more commonly known as an "offer agent" in Korea) on an exclusive or non-exclusive basis, 2) naming a registered trading company as an agent, or 3) establishing a branch sales office managed by home office personnel with Korean staff.
Any traders registered with the Korea International Trade Association (KITA) can import goods in their own names. Appointing a registered trading company (rather than an "offer …showed first 75 words of 840 total…
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…showed last 75 words of 840 total…and/or patents in their own names, not the Korean agent's name. In order to have control over these important intellectual property rights, registration must be done in the U.S. company's name. Korean law requires that only local attorneys be allowed to fill out and submit applications to KIPO. A list of major attorney firms in Korea is listed at the end of this chapter in the section entitled "Need for a Local Attorney."
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