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In America, entering into 2. The Due Diligence
an attorney-client relationship Process, checking what
is like entering into a you are about to invest
marriage. Put everything
in writing! Detailed inspections and reviews should be taken to
determine the physical and financial condition of an
When you entered into an awful marriage, you get investment property. The information uncovered is
a divorce. It’s costly and traumatic. But with lawyers, critical in making investment decision. Unfortunately,
sometime you end up losing your business and owing most investors, even brokers or lawyers, not knowing
large amount of money (commercial litigation). how to properly rely on a proven system to conduct
The wrong choice of lawyer can mess up your life. a comprehensive due diligence search, often found
Thus, it is very important to know what you are material surprises and involves in litigation. Thus, it
getting into (before you sign the attorney up). Unless is vitally important to do a thorough diligence review
you absolutely trust the lawyer, a single source of prior to owning. Ignorance is no defense in America,
information should be verified. With us, you can have we are familiar with hiring local “Due Diligence”
a compartmentalized intelligence system. (We research experts to the team.
and verify advises provided by local counsels. Checks
and balance!) 3. Appointing a Chinese
law firm with U.S. practice
1.3 Pay attention to Attorney attorney is the best way
Fee Agreement in America for Chinese investors
Generally, lawyers usually get paid by retainer/hourly China-U.S. relations are currently experiencing trade
basis, flat-fee or contingent fee. Sometime, the lawyer and politic differences. We understand there are many
requires a retainer deposit as well. It is important to divergence of rules and procedures in the national
know the local market and the market rate. It’s easy laws; also there may be cultural and language barriers
to figure this out by comparison in the local market. for many Chinese investors.
In America, what matters in contractual relationship
is writing. Usually, the contract is one that the lawyer Our law firm can help!
drafted to protect the lawyer. You should always
read the fee agreement carefully before you sign it. We are legal experts in both China and U.S. We have
However, even for a locals, without enough knowledge studied, lived and worked in the U.S. for years, -- we
in the local customs and laws, you might still miss know how to find common ground, common language
important issues when reviewing the contract. It is and common goals in building investment agreement.
recommended that before you sign any contract, has Over the years, we see big increase in investment from
someone knowledgeable or experienced to review the China to the U.S. side, which demonstrates a lot of
contract for you. Remember, only you have to live with economic value China is bringing. By adding prosperity
the consequences of the case outcome, so research and in both countries, we believe trade will continue to
choose wisely. bring the people closer.
Our legal services to the captioned appointment were
and will be, no doubt, cost-effective.■
Contact details:
M.Y.WU / Aaron He esq
MYWU Law Firm
Email:mywu@mywulaw.com;
Web: www.mywulaw.com
South China Business Journal 36
an attorney-client relationship Process, checking what
is like entering into a you are about to invest
marriage. Put everything
in writing! Detailed inspections and reviews should be taken to
determine the physical and financial condition of an
When you entered into an awful marriage, you get investment property. The information uncovered is
a divorce. It’s costly and traumatic. But with lawyers, critical in making investment decision. Unfortunately,
sometime you end up losing your business and owing most investors, even brokers or lawyers, not knowing
large amount of money (commercial litigation). how to properly rely on a proven system to conduct
The wrong choice of lawyer can mess up your life. a comprehensive due diligence search, often found
Thus, it is very important to know what you are material surprises and involves in litigation. Thus, it
getting into (before you sign the attorney up). Unless is vitally important to do a thorough diligence review
you absolutely trust the lawyer, a single source of prior to owning. Ignorance is no defense in America,
information should be verified. With us, you can have we are familiar with hiring local “Due Diligence”
a compartmentalized intelligence system. (We research experts to the team.
and verify advises provided by local counsels. Checks
and balance!) 3. Appointing a Chinese
law firm with U.S. practice
1.3 Pay attention to Attorney attorney is the best way
Fee Agreement in America for Chinese investors
Generally, lawyers usually get paid by retainer/hourly China-U.S. relations are currently experiencing trade
basis, flat-fee or contingent fee. Sometime, the lawyer and politic differences. We understand there are many
requires a retainer deposit as well. It is important to divergence of rules and procedures in the national
know the local market and the market rate. It’s easy laws; also there may be cultural and language barriers
to figure this out by comparison in the local market. for many Chinese investors.
In America, what matters in contractual relationship
is writing. Usually, the contract is one that the lawyer Our law firm can help!
drafted to protect the lawyer. You should always
read the fee agreement carefully before you sign it. We are legal experts in both China and U.S. We have
However, even for a locals, without enough knowledge studied, lived and worked in the U.S. for years, -- we
in the local customs and laws, you might still miss know how to find common ground, common language
important issues when reviewing the contract. It is and common goals in building investment agreement.
recommended that before you sign any contract, has Over the years, we see big increase in investment from
someone knowledgeable or experienced to review the China to the U.S. side, which demonstrates a lot of
contract for you. Remember, only you have to live with economic value China is bringing. By adding prosperity
the consequences of the case outcome, so research and in both countries, we believe trade will continue to
choose wisely. bring the people closer.
Our legal services to the captioned appointment were
and will be, no doubt, cost-effective.■
Contact details:
M.Y.WU / Aaron He esq
MYWU Law Firm
Email:mywu@mywulaw.com;
Web: www.mywulaw.com
South China Business Journal 36
