There are many reasons a business owner might feel that it is time to close the doors of their venture and move on to new opportunities. Running a business can be challenging and rewarding at the same time, and while business owners aim for longevity, some companies...
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Business and Commercial Law
2 mistakes that can stunt your startup’s growth
No words can describe the joy and sense of accomplishment that you may feel if you finally launch a business that was once a bunch of brilliant ideas in your head. However, it’s not time to put down your tools yet; the infancy stage can be a vulnerable period for your...
Changing rules may now complicate how you can protect your company’s interests
As a business owner, you understand there are many different things that can affect your company’s profitability and bottom line. One general concern is the worry that former employees may misuse private information about your company in a new job. One of the tools to...
Who benefits from giving shareholders preemptive rights?
Relationships between businesses and their shareholders are often mutually beneficial, with accompanying risks and rights documented in contracts. These agreements can establish arrangements with standard and unique features, such as preemptive rights. They work by...
How can a trademark benefit my business?
Strong branding could impact a business’s reputation. Well-established branding—including a name, slogan, logo, typeface and colors—significantly affects the recognition and credibility of a business. You must protect these elements relating to your products and...
Does a material breach nullify your entire contract?
If you are a business owner or a budding entrepreneur, you know how important it is to have enforceable contracts governing your every business relationship. Contracts allow all the parties involved in a business deal or transaction to know their obligations and...
What is the ideal structure for your business?
At the beginning stages of your business, you know there are many decisions that you will need to make. In addition to having a good plan for a business, social media profiles and more, you will also need to consider the potential legal and financial needs of your...
How can businesses use cost-benefit analysis to address disputes?
As a business owner, you understand that disputes can arise in any aspect of your operations, from contracts and agreements to employment and customer relationships. Disputes can be time-consuming, costly and distracting, but they do not have to derail your business....
The importance of recognizing contract breaches to a business
Contracts protect business owners from unfair and deceptive business practices by making the agreement or the business deal legally binding. A contract breach occurs when one party fails to honor the agreed terms. Early detection of a breach can help mitigate risks by...
What strategies can help protect trade secrets effectively?
Businesses often rely on various resources, including trade secrets, to boost growth and earnings. This form of intellectual property (IP) can give companies unique competitive advantages, setting them apart from other organizations in the same industry. Trade secrets...