A business contract is legally binding. If you don’t fulfill your obligations under a contract, you may be on the hook for a lot of money — so much money that it could seriously damage your business. A wise business leader will seek to avoid that problem by having backup plans or working out solutions… Continue reading ‘Force majeure’ clauses may be essential to your contracts
Tag: Legal Protection
What’s the difference between trade secrets and trademarks?
In today’s competitive business landscape, protecting intellectual property is crucial for companies of all sizes. Two commonly misunderstood forms of intellectual property are trade secrets and trademarks. While they both help provide legal protection, they serve different purposes and require distinct strategies. Trade secrets are valuable assets A trade secret refers to confidential business information… Continue reading What’s the difference between trade secrets and trademarks?
3 reasons entrepreneurs choose to form LLCs
Creating a formal business entity is a very involved process. People invest a lot of time, money and consideration into the creation of a business plan. They then generally choose a business structure, file paperwork with the state and start preparing to operate their new company. There are many different types of businesses that entrepreneurs… Continue reading 3 reasons entrepreneurs choose to form LLCs