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===[[Branch]]=== | ===[[Branch]]es and [[affiliate]]s=== | ||
Few things are apt to cause more confusion, fear and loathing for less good reason the legal status, as regards itself, of a company’s various [[branch]]es. This is apt to confuse [[muggle]]s, which on a busy day can be intensely frustrating for [[Mediocre lawyer|a busy solicitor]], but on a slow one is fertile grounds for a little sport at the expense of our non-magical friends. You will be surprised how often one is asked to review, approve or even sign a contract, [[keep-well agreement]] or [[service level agreement]] between a branch of a company and its head office. The best response is just to sign it, but purists will find this at least aggravating and in many cases a betrayal of the attorney’s sacred oath. | Few things are apt to cause more confusion, fear and loathing for less good reason the legal status, as regards itself, of a company’s various [[branch]]es. This is apt to confuse [[muggle]]s, which on a busy day can be intensely frustrating for [[Mediocre lawyer|a busy solicitor]], but on a slow one is fertile grounds for a little sport at the expense of our non-magical friends. You will be surprised how often one is asked to review, approve or even sign a contract, [[keep-well agreement]] or [[service level agreement]] between a branch of a company and its head office. The best response is just to sign it, but purists will find this at least aggravating and in many cases a betrayal of the attorney’s sacred oath. | ||
If a [[company]] is a person, think of a branch like an arm or a leg. | '''[[Branch|Branches]]''': If a [[company]] is a person, think of a [[branch]] like an arm or a leg. A “[[branch]]” is a single office or presence of a larger [[legal entity]]. It does not have its own [[legal personality]] or [[creditworthiness]] — like an arm or a leg it is part of a greater whole. A [[branch]] may just be a single premises of the company — the “Muswell Hill branch of Sainsbury’s”, for example — but in the world of [[high finance]] it is usually whole presence of that [[legal entity]] in a given city or country. | ||
A “[[branch]]” is a single office or presence of a larger [[legal entity]]. It does not have its own [[legal personality]] or [[creditworthiness]] — like an arm or a leg it is part of a greater whole. | |||
A [[branch]] may just be a single premises of the company — the “Muswell Hill branch of Sainsbury’s”, for example — but in the world of [[high finance]] it is usually whole presence of that [[legal entity]] in a given city or country. | |||
===Affiliate=== | ===Affiliate=== | ||