How much does it cost to incorporate a limited liability company?
The limited liability company incorporation fees amount to around USD 1,500, in addition to the legal fees for processing incorporation which depend from lawyer to lawyer.
Are there any restrictions on the number of claims to be incorporated in a patent application?
No, there are no restrictions to the number of claims to be incorporated in the specification. But the applicant claims should be supported by the description and should be based on the description. This means that all the characteristics of the invention that form the part of the claims should be fully explained in the description.
How should my co-founders and I split up the company equity?
This is a question that needs to be answered on a case-by-case basis. It is generally not advisable to make an even 50/50 split, as it can lead to a lack of control and motivation. Have an honest, open discussion and don’t be selfish. This conversation needs to be held early, and put into writing.
Am I allowed to represent two different companies in Lebanon that work in the same sector?
If the companies exercise the same economic activity or sell competitive products, you need to notify them and they need to accept. Should you hide to one of them your other representation, the contract is vitiated for fraud.
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