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4.4. RISK LIMITATION
The business units are responsible for their own economic management. They are advised to make only short lasting agreements with clients, companies and institutions with a maximum term of one year. As a consequence of this limited period it is possible to decide in an early stage whether investments will be significant or a planned course, training, educational programme or other activity will be executed or not. Because of this in fact one can speak about a limited point of no return: only when a course, educational programme or other activity has been started up actively duties will come out of the division managers and do they have to care for guarantee of continuity. The risks of investment will be carried merely by the business units. Before one can oversea however reasonably well which risks can be limited: an activity with an expected non profitable turnover simply will not be initiated. Also concerning the conditions of enrolment the Management advises the business units to act as careful as possible. That means that clients will be kept to stick to their financial duties as long as the term of the contract. In consideration with all division managers joint identical contracts will be produced.

SPANISH AND MANAGEMENT IN THE NETHERLANDS

INSTITUTO CERVANTES BENELUX is legally registered at the Benelux Trade Registrar under deposit numbers 0508277 and 843323 in class 41: education, trainings and courses and is a tradename of the Foundation Cervantes Benelux in Nijmegen, registered under number 41211928 of the Chamber of Commerce of Amsterdam (IBAN: NL91INGB0004729266 BIC: INGBNL2A). Instituto Cervantes Limited is registered for England and Wales under Company No. 3300636 at Companies House, Cardiff.

INSTITUTO CERVANTES BENELUX está legalmente depositado como marca comercial en el registro de marcas del Benelux-Bureau voor de Intellectuele Eigendom bajo los números de depósito 0508277 y 843323 en clase 41: educación, enseñanza y cursos y es un nombre comercial de la Fundación Stichting Cervantes Benelux en Nimega, inscrito bajo número 41211928 de la Cámara de Comercios en Amsterdam (IBAN: NL91INGB0004729266 BIC: INGBNL2A). Instituto Cervantes Limited is registered for England and Wales under Company No. 3300636 at Companies House Cardiff.

INSTITUTO CERVANTES BENELUX is als handelsmerk wettig gedeponeerd bij het Benelux Bureau voor de Intellectuele Eigendom onder depotnummers 0508277 en 843323 in klasse 41: onderwijs, opleidingen en cursussen en is een handelsnaam van de Stichting Cervantes Benelux te Nijmegen, ingeschreven onder nummer 41211928 van de Kamer van Koophandel te Amsterdam (IBAN: NL91INGB0004729266 BIC: INGBNL2A). Instituto Cervantes Limited is registered for England and Wales under Company No. 3300636 at Companies House, Cardiff.

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