People start businesses for different reasons. Some individuals are hoping to remain in business for the long haul, potentially even passing down the company to someone in their family. Others enter for reasons of passion and interest but find that it fades over time. This can lead them to begin to consider the option of...
Establishing your own business is an exhilarating prospect but it is also one that comes with an inherent level of risk. Unfortunately, entrepreneurs continue to face risks in their business every single day and without knowledge of an outside professional in the form of a business attorney, they may be exposed to risk on a...
It is important for any franchisor to understand trade secrets and to have a plan to protect these where necessary. The first step involves identifying trade secrets. Franchisors must be able to identify what trade secrets are with certainty. The operations manual on all of the information inside is not clear enough to identify trade...
Although it is strongly recommended that you consult with a business lawyer when you initiate your business and to have your contracts established and reviewed on a regular basis, it is also beneficial for you to have general counsel in the form of an outside attorney. There are many different benefits that you can reap...
As a franchisee, you get access to an established business structure but there are costs that you must pay in order to achieve that. With more than 900,000 franchise businesses located across the United States providing all different kinds of services and goods, it’s important to see that purchasing a franchise is like an investment....
It is important for any franchisor to understand trade secrets and to have a plan to protect these where necessary. The first step involves identifying trade secrets. Franchisors must be able to identify what trade secrets are with certainty. The operations manual on all of the information inside is not clear enough to identify trade...
Contracts are an important way to do business with others whether it is contractors, vendors or partners. Having properly written and executed contracts can help save you in the event that the other party breaches. What you put into the contracts should always be reviewed carefully by a business attorney. Failing to have the right...
A company should always be aware of the potential risks facing the business and take all necessary steps in order to minimize those risks that return. One of the best ways to do this is using employment contracts or employment agreements. These are legally binding agreements between an employee and an employer that lay out...