When a business has to lay off employees things can get tense and employees become fearful. To eliminate as much fear and panic as possible, follow the labor and employment law protocols laid out in the Worker Adjustment and … Continue reading
When a start-up or new business cannot access funding from traditional sources due to size, assets, or their stage of development, they often turn to venture capital investments. These investments are usually made as cash in exchange for shares and … Continue reading
Having an attorney to turn to when questions arise is beneficial for any business. However, it can be costly running to outside counsel with questions and issues if they choose to charge an hourly fee. InnovaCounsel believes everyone should be … Continue reading
Effective corporate governance follows seven important characteristics that make up a code of ethics for a company’s leaders. They promote these characteristics through management of the business and its employees. The seven characteristics that make up good corporate governance are: … Continue reading
Chances are at some point a business might receive a cease and desist letter. Before going into a panic, businesses should be aware of what a cease and desist letter is, what it isn’t, and how to respond appropriately. Cease … Continue reading
A purchase and sales agreement relating to a business or company usually deals with selling said entity. Whether on the buying or selling end, knowing what to expect from these agreements is important. A purchase and sales agreement is the … Continue reading
While patents are protected through registration and documentation, trade secrets are protected without any procedural formalities. Trade secrets can be protected for an unlimited amount of time, however. There are conditions the information has to meet to be considered a … Continue reading
It’s recommended that a new invention or idea be patented as soon as possible. But before filing a patent application, businesses should first ask themselves the following questions: Is it marketable? Personal market research should be conducted before applying for … Continue reading
Business owners have to be aware of many laws, including those dealing with employment discrimination. Laws have been added and changed over the years, making it difficult for business owners to stay up to date. Discrimination is one of the … Continue reading
Sometimes the worst-case scenario for a business becomes a reality: they get served with a lawsuit. What happens when a lawsuit pops up? How does a business protect itself? Usually there is some type of warning before a lawsuit is … Continue reading