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Business partnerships can be highly beneficial to a company. They provide a platform for partners to share responsibilities, financial capital and liability. A business partner has a fiduciary duty. Essentially, this means that they must always act in the best...
A merger is a major change for the company, so it’s critical for business owners who are going through this to ensure they do what they can to protect the new company’s future. Determining the methods that may benefit your business is a priority. As part of the...
When seeking a new business partner, there are two ways to approach it. One is to look for qualities that you want in that partner, such as skills that complement your own. You need to be able to find someone you can work with and get along with on a daily basis. On...
If you have a company wherein employees are regularly developing new products and processes or improvements to them, the company typically has the right to patent that work, and the individual employee doesn’t. That’s true even if an employee does some work on their...
Every few years, federal regulatory authorities update various crucial business statutes. For example, the Justice Department recently announced new rules for mergers. Business transactions where two companies enter an agreement to combine or merge their operations...
A business partnership is an arrangement between two or more parties to decide how a business is run as a whole. A partnership can give many businesses an advantage over their competition, such as providing key insights into the market and unique skills, training and...
Music sampling is essentially using pieces of music to create new works of art. It is still done today, but it rose to prominence with the hip-hop scene in the 80s and 90s. When an artist used a sample, it meant that they had found a part of another song that they...
A non-disclosure agreement (NDA) is a legal contract that protects confidential information from unauthorized disclosure. Given its importance to business interests, if you are a business owner, you likely cannot afford loose ends when it comes to the execution and...
When you decide to enter into a business partnership with another person, you do so with the hope the partnership will benefit both parties and that your business’s bottom line will grow at the end of the day. And most often, this is what happens when partnerships...
The person you choose as your business partner will influence your journey as an entrepreneur. If you choose the wrong person, your journey as a business owner could become more challenging than it needs to be. On the other hand, if you can find a business partner...