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When does power of attorney take effect?

A power of attorney is a document. It allows you to appoint a person or organization to manage your affairs if you become unable to do so. But, all POAs are not created equal. Each type gives your attorney-in-fact a different level of control.

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Contract of service : outline your specific duties

You should take as much time and effort as needed to make sure that your form service agreement is as favorable to your company as possible and most accurately reflects your company’s objectives. Contract of service comprises a common law basis of the contract of employment and a range of statutory provisions. It is therefore often vital to determine the status of employment with a person. It is vital the three conditions below are fulfilled by the parties upon entering into a contract of service your agency agrees that, in consideration of a wage or other remuneration, he will provide his own work and skill in the performance of some service for his employer.  Agrees, that in the performance of that service he will be subject to the other’s control in a sufficient degree to make that other employer. The other provisions of the contract are consistent with its being a contract of service.

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Invest consciously, invest right with investment agreements.

If you have a company that needs investment, you have a lot of options for the type of investment to create. Depending on the situation, you may also want to consider loans or other ways to finance your company beyond investments. Investment Agreements are transactions that give a person or business an ownership interest. Either now or in the future, in your company in exchange for anything of value.

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Its only fair if there’s gratuity

Gratuity is a defined benefit plan and is one of the many retirement benefits offered by the employer to the employee. This takes place upon the employee leaving his job. Gratuity is given by the employer to an employee for the services rendered during the period of employment. It is usually paid at the time of retirement but it can be paid before provided certain conditions are met.

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Renting property? safeguard your rights with A lease agreement – Lease agreement

There are two different ways to rent a property in Sri Lanka. This is by way of “Tenancy” agreement, or a “Lease” contract. If the property is also governed by the Rent Act, the rules, terms, and power of the landlord or tenant will differ. The properties covered by the Rent Act, the law tends to be in favor of the tenant in Sri Lanka.  And properties that are not covered by the Rent Act, the law to favors the landlord.

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