When making any kind of business agreement where parties provide products or services it’s always a smart move to make a contract. A well-made contract can ensure each party understands their legal obligations and duties. If parties don’t fulfill their end of a...
There has been talk about banning non-compete agreements. Some states already do not allow them to be used. But, as of right now, these agreements are still legally permissible as long as they’ve been set up correctly. What a non-compete agreement does is that it...
It is common for most employees to give two weeks’ notice before they quit. With executives, this could be even more important to the future of the business. A company owner may have given an executive a significant amount of power. It can also take a long time to...
Someone's original creations and concepts can be very valuable. Individuals may sell their creations to businesses, and many companies hire researchers or creative professionals specifically to generate new ideas or content to benefit their businesses. Those original...
Executive contracts include many elements. One element that’s often included that might have some people stumped is the probationary period. This is a protective measure that helps both parties. Regardless of which side of the matter you’re on, you should understand...
The inevitable disclosure doctrine is a legal concept used in trade secrets and employment law. This doctrine comes into play when an employee with knowledge of a company's trade secrets leaves their job and takes up a similar position with a competitor. 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...
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...
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....
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...