A buy/sell agreement protects businesses with many owners from disputes over succession. If an owner retires or leaves the company, the agreement provides a template for transferring value to the remaining owners. Continue reading to learn some basic mistakes to avoid...
You hear the term “due diligence” a lot in the business world, especially in the areas of acquisitions and mergers. But what does this term mean? What does it require of you? As explained by the Corporate Finance Institute, due diligence is the extensive investigative...
A patent is a type of intellectual property that grants the patent holder the right to exclude others from making, selling, importing or using their unique invention or innovation for 20 years. The United States Patent and Trademark Office issues these rights. Patent...
Starting a business with a partner can be the beginning of an exciting venture. Whether you and your partner came up with the idea together or your partner joined you down the road, your team likely gave your business the boost it needed to get started. As time goes...
When a company becomes an acquisition target, the due diligence process begins with a long and detailed request for specific information. It may come from a broker, investment banker or potential buyer. The requested information goes into a marketing book to present...
Your trademark is important to your business. Many trademarks serve as a public identifier for a company. So if someone uses your trademark without your permission, you face harm to your business since the infringer might use your mark to promote inferior goods or...
As an entrepreneur, building your brand is a critical part of success. According to the Huffington Post, you have to put effort into building your reputation. Find out how to build your reputation as a business. Put a value on transparency A lot of disputes occur...
New business partnerships can take a company to the next level and allow it to draw upon the competencies of other like-minded professionals to achieve a mutual objective. One of the riskiest parts of forming new agreements is trusting that all participants will live...
Business disputes come in all forms. Because of this, there is no perfect one-size-fits-all solution for handling them. In order to manage disputes that occur in your time running a business, you must have a large toolbox of resolution methods. Of all potential...
The sustainability of your business partnership can heavily impact your company's success. Getting the relationship off on the right foot requires planning, teamwork and communication. Even though you and your partner may not always see eye to eye, developing trust...