Your most important lesson
We had a talk with lawyer Frederik Asboe from the law firm Advokat & Co. about the legal challenges many Danish first-time entrepreneurs are often faced with - challenges that could easily be avoided. Read and learn so that you are well prepared when you set out to realize your business dream.
Naturally, there are big differences in the legal challenges you meet when starting up a company, depending on the sort of business you are in. If you are in the brick and mortar business you have to be sure that your construction contracts are in order, and that you yourself are actually able to meet the demands and standards set up in the writing. If your business relies on suppliers, you must make sure that your deals with them have no loopholes that can cause trouble for your business. The same goes for when you open a store or a café and have to sign a leasing contract with a landlord. It’s very important that you are aware that leasing a shop is very different from leasing an apartment.
“We often see 50-50 partnership deals end in a legal mess, because no one took the time to define the rules of the ownership.”