You want to sell your business, but you have some intellectual property that you’d like to keep. For instance, maybe you developed the brand and associated marks -- logos, slogans, colors, etc. You also developed your own processes and customer base. You want to sell...
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Can you take action against your employer for an unpaid bonus?
Many companies use bonuses as a way to motivate their employees to offer the best job performance possible. Performance-based bonuses are a common tool for those in sales and managerial positions in particular. When employees meet certain goals, the company may commit...
What happens when a business partnership falls through?
Not all business partnerships work out. You may have started a venture with a friend or associate who seemed like-minded. Yet, disputes may have caused your relationship to sour. If working with your business partner has become untenable, you will want to consider...
Breach of contract: Understanding the basics
All businesses rely on contracts. For some enterprises, these agreements may be irregular one-offs with vendors, executed as needed. Other companies may operate within a large web of contracts, requiring predictability and punctuality from all parties to ensure...
What should your commercial lease agreement include?
Whether you are looking for your first commercial space or you need to find a new space, the terms in your lease agreement could make or break your business. While every agreement is unique, certain items should be in every document. These terms protect both you as...
When should businesses use non-compete agreement?
Non-compete agreements are ultimately created to protect your business. Sometimes, they can feel intimidating. However, your business may need to start using non-compete agreements in your employment contracts. What is a non-compete agreement? Simply put, a...
Mistakes made by startups
As an entrepreneur, starting your business can be a substantial financial risk. Most companies start small, using minimal capital, which typically includes the owner’s funds along with small business loans. It is important to know what practices may put your business...