What is the function of the law of contract in business law? Any business transaction should include a written contract. Contracts make agreements legally binding, and can also serve as reference material, documentation of business…
How do copyrights, trademarks and patents differ? Intellectual Property broadly refers to original and possibly valuable ideas, such as an invention or a work of fiction. Owning intellectual property gives you the authority to produce…
What is product liability law, and when is it applicable? Product Liability is a legal term that refers to a manufacturer’s, distributor’s, and/or seller’s culpability if a customer is harmed by a defective product. Manufacturers…
What is Business Protection Insurance? Business insurance is essential protection that will help cover the costs of losses such as lost revenue, lawsuits, property damage, and other costs. Businesses will usually purchase several types of…
Employment Law Issues for Growing Companies and Entrepreneurs With the complex federal, state, and local employment regulations that apply to all businesses, the human resources industry is growing to meet the demand. The hiring process…
The Structure of Private Acquisitions Many startups are founded with the end goal of being acquired, as it allows the founders to cash out after a short period of time. There are three primary forms…
Preparing for an Exit Transaction Initial public offerings are becoming less common as startup founders are starting to look to exit their companies through acquisitions or asset sales. If a merger, acquisition, or asset sale…
Having Trouble Collecting Business Debts? The management of all assets and liabilities is business 101. Debts that are owed to you are considered assets as they are the promise of incoming money. If these debts…
How to Create An Effective Operating Agreement In a partnership, as with other types of unions, you must establish communication in order to achieve shared objectives. By drafting a detailed operating agreement before the partnership…
