Commercial letters of credit have been used for centuries to enhance payment in international trade. It is a contractual agreement between banks, known as the issuing bank, on behalf of one of its customers, authorizing another bank, known as the advising or confirming bank, to make payment to the beneficiary.
Read MoreIn the real business world, intellectual property is everywhere. People and businesses know what their brand is, but not always how to protect it in Cyberspace or internationally. A brand, which normally will be in the form of a logo, can be words or pictures in a certain font, color or color scheme. The brand associates the business with a feeling style or sound.
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