Essentials of Business Law and Labor Law | 02 June 2023

Essentials of Business Law and Labor Law is a digital initiative of Alburo Law to provide legal knowledge to entrepreneurs to help improve their productivity and profitability by ensuring that businesses comply with relevant laws, rules, and regulations.

Limited Portability Scheme under Republic Act No. 7699

“Portability” shall refer to the transfer of funds for the account and benefit of a worker who transfers from one system to the other. (Section 2(b), R.A. No. 7699)

What is a management contract?

Management contracts are legal agreements that enable one company to have control of another business’s operations. Business owners often sign these written agreements directly with the management company.