When a dispute arises, you must preserve records that could serve as evidence. In New York, courts expect you to keep both paper and digital information once litigation is reasonably foreseeable. The duty to preserve evidence applies to emails, texts, financial...
Formal registration of intellectual property helps businesses protect valuable resources against misuse and infringement. Registering trademarks and copyrights can facilitate easier enforcement of intellectual property rights when a violation occurs. Typically, those...
Protecting intellectual property often requires formal federal registration. Each type of intellectual property has different rules in place. Companies can take steps to copyright creative works, patent new products and register unique trademarks. Trademarks are...
Starting a business alone can be hard. Many entrepreneurs manage to find success by finding partners to help them build their dream -- and drafting a solid partnership agreement is essential. Partnership agreements allow all parties involved to share the...
People who start business partnerships expect their partners to fulfill their contracts. Typically, those running a business together have a fiduciary duty to the organization. They should always prioritize the company's best interests, even above their own wishes....
Several different types of contracts can include restrictive covenants. Employers often include restrictive covenants in contracts negotiated with new hires and workers accepting promotions. Business partners often include restrictive covenants in their agreements...
Contracts are the backbone of business relationships, offering clarity on roles, responsibilities and expectations between partners. They create a framework that helps to ensure accountability and trust while reducing the risk of misunderstandings. Despite this, no...
When launching or restructuring a business, selecting the right corporate entity can shape everything from tax obligations to growth potential. Two popular options, C corporations and S corporations, offer distinct advantages and limitations. Understanding how they...
Businesses can acquire the rights to original creative works through a few different methods. Some companies hire composers, writers, photographers and other creative professionals. Their contracts may give them ownership rights over the creations produced by that...
When it comes to intellectual property rights and branding, a business name is very important. It’s helpful for your company to stand out from the competition, so having a unique name is beneficial, and it can also reduce consumer confusion. People who want to...