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Non-compete agreements (also known as covenants not to compete) are a type of contract provision that provides that a person or business will not compete against another person or business under certain circumstances. For many years they have been widely used in the...
When an organization officially registers a trademark, that image, or logo or other marketing resource serves as a stand-in for the company's brand. The formal trademark registration process is lengthy and involves thorough evaluation to ensure that two brands don't...
Your employees have a fiduciary duty towards you. They should act in your best interest exhibiting good faith and loyalty when it comes to matters involving employment. An employee who acts in a way that doesn't benefit the company may have breached their fiduciary...
Business partnerships benefit many people, but this isn't always the case. For a partnership to be successful, involved parties should be on the same page and make decisions that are in the best interest of the business. Absent these, disputes are likely to arise....
Companies that have people in executive positions usually have employment contracts for those individuals. These contracts provide information about the duties and expectations of both sides. Having a solid employment contract is crucial to ensure the company and the...
One of the most disheartening things that can happen to a business owner is to learn that the company is being sued. A lawsuit can ruin the reputation of the business, and it can reduce the profitability of the business to the point that the company can’t stay open....
The news that the Federal Trade Commission (FTC) is exploring a ban on non-compete clauses in the public sector and private sector alike recently sent shockwaves through the American business community. Non-compete agreements currently serve as vital protections...
Successful entrepreneurs understand that business is more than a simple assessment of supply and demand. They know that by crafting a company that serves the needs of the public uniquely, a business may not only succeed but thrive. Intellectual property – from...
A non-disclosure agreement can help protect your company's confidential information, including trade secrets. However, the agreement needs to include certain elements to ensure its effectiveness. Below, we take a comprehensive look at the seven key components of an...
Business owners frequently deal with contracts. Therefore, you may have come across certain common terms like 'consideration'. This is a critical aspect of forming legally binding contracts, and its absence means your contract is invalid. You have no court-enforceable...