Cha & Kwon Law Offices carefully reviewed the Novation Agreement of an existing contract signed by a foreign subsidiary of a domestic corporation with a foreign counterparty. In connection with the transfer of the contract, we analyzed all the details and provisions of the contract to ensure that there is no infringement of the rights of the domestic corporation and the subsidiary and no legal risk. 

In this process, we reviewed the rights and obligations between the domestic corporation and the subsidiary to find ways to minimize legal risks without infringing on the rights of the domestic corporation and the subsidiary. We also revised and adjusted the contract to strengthen the rights of the domestic corporation and control legal risks to a minimum.  

By providing legal advice on legal risks and countermeasures that domestic corporations may encounter, Cha & Kwon Law Offices prevent anticipated legal disputes in advance. We also provide legal stability to ensure the success of these overseas business procedures and are committed to protecting the rights and obligations of our clients.

If you need verification of the legal provisions of your contracts with overseas partners, please do not hesitate to contact Cha & Kwon Law Offices.