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April 2015 Archives

Four mistakes that new businesses should avoid

For those who are building a start-up business, whether it is your first or your tenth, growing the business is likely your number one priority. However, part of being successful in business is being able to avoid lawsuits. As we have noted in prior posts, litigation can be an expensive and time consuming undertaking; and you may not obtain the results you wanted even after a hard fought lawsuit.

What you should know about non-disclosure agreements

If you own a small business, you likely understand the value (and the power of) innovation. If you understand this concept, you likely already know that innovation does not happen overnight, or by oneself. Essentially, a small business grows through strategic partnerships.

Trade secrets and how they can be protected

If you are a new business looking to gain a competitive edge in the market, or you are an established enterprise trying to maintain your market share, you are likely to focus on your unique attributes in order to maintain competitive. Part of this effort involves utilizing and protecting trade secrets. At the same time, what constitutes a trade secret is subject to debate.

Common causes of action between businesses

Like the newness of spring, developing a new business relationship can be exciting; especially given how lucrative the relationship may be. However, like any relationship, there may be problems that may doom the future prospects. When this happens, it is important to understand the different legal bases that a lawsuit can be based upon. This post will highlight a few common actions that are brought when a contract is not adhered to. 

How to avoid losing a judgment through bankruptcy

In many cases, the impetus behind filing a lawsuit is collecting on a judgment to be awarded by the court. In some instances, collecting the judgment is not an issue, as the offending company has the means to pay (or at least their insurance company does). However, there may be a chance that the insurer may not cover the company, thus leaving it without the means to pay a potential judgment. This may cause the company to seek bankruptcy protection.

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