As a business leader, you have a certain degree of control over internal factors at your company that might cause disruptions in your supply chain. When external factors are at play that affect entire industries and each link in the supply chain, the best thing you...
Business Law
Can your business partner force you to sell?
You and your business partner own the company together, and you own it 50-50. It’s been that way since you started the business with just a few thousand dollars in loans, and it’s still that way even though the business is now worth millions. What has changed is that...
What happens to redundant staff during a merger?
Maintaining growth and sharpening your competitive edge often requires taking bold steps as an executive or business owner. A merger with another company can be a very savvy business move for those hoping to curb a specific market or grow significantly in the upcoming...
Understanding potential remedies for breach of contract
Your business contracts with various parties ensure the timely and accurate completion of multiple projects. However, a contract does not necessarily guarantee receipt of the goods or services you expect. Fortunately, it is possible to pursue various remedies...
What counts as trademark infringement?
Trademark infringement is the illegal use of intellectual property to market a good or service. According to the United States Patent and Trademark Office, the unauthorized use of a trademark leads to confusion or deception about the source of the good or service, and...
Tips for licensing your products
You’ve got great ideas, but you don’t have the time, inclination or reach to take them to market – but you can still have a viable business through product licensing. This is particularly true if you’re a prolific artist or inventor and want to obtain the broadest...
2 solutions when your business partner has started embezzling
A cooperative business arrangement like a partnership reduces the direct pressure on an individual entrepreneur. After all, there are two people to share the responsibilities that come with starting a new business or taking over an existing one. Your partner could...
How online marketing can lead to expensive legal claims
Social media is a powerful tool that helps businesses connect with the exact segment of the public that has an interest in their products or services. You can narrow your marketing efforts to target specific people that will respond to each advertising campaign. If...
What are you buying when you buy a business?
If you're interested in buying a business, you need to know exactly what you're purchasing. It is very important to do your due diligence. You need to ask yourself what type of business you want, why that businesses for sale, what your goals are for the business and...
3 important inclusions when drafting your partnership agreement
Business partnerships are beneficial for everyone involved. The partners can offer each other financial, social and intellectual support when starting or running a business. The company benefits from having multiple people involved in its management and planning....