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Intellectual property (IP) is one of the most important assets a business can have. It includes trademarks, copyrights, and patents. When you give up the right to your IP, you are giving up a valuable asset. In some cases, giving up the right to do business with...
Your employment contracts are your first line of protection against misconduct by and claims from your employees. What you include in your contracts will play a major role in how much damage one person can do while they work for your business or after they leave....
When you enter a business relationship with a partner, vendor or client you have a contract that outlines the goals and responsibilities of the relationship. One part of the contract includes how to resolve disputes. In the past, many contracts only offered...
Whether you intend to go into business with one person whom you have known since college or a group of individuals you met through an investor, you need to protect yourself. You don't want to commit a huge amount of money and time to create a business, only to have...
As a business owner, you need to be aware of copyright law and how it affects your company. Copyright infringement can happen unintentionally - but that can still lead to costly lawsuits. What steps should you take to avoid accidentally using someone else's...
Starting a business with someone you trust can be the beginning of a great adventure, but you need to think about what will happen if there’s a dispute. It’s possible that both partners will be able to come together to do what’s best for the company. It’s imperative...
Starting a new business is a scary and exhilarating thing. There’s no way to know what’s going to happen or if you’re going to make it through the first year with your doors open. However, if you get through that crucial first year and want to grow and expand, there...
When two or more parties join hands to start a business, it is known as a partnership. A business partnership comes with its share of benefits and challenges. To ensure a thriving partnership, it is important for the parties involved to come up with an effective...
If you’re a small business owner, you may have ready about limited liability companies, or LLCs, in the past. An LLC is a business structure that offers some protections that you won’t get as a sole proprietor. If you’re ready to expand your business or want to make...
Your small business is hitting better numbers than ever. Your staff are motivated and fulfilling your expectations of them. While these are positives, you want such factors to be sustained as you move your company to the next level. The morale of your staff will be...
