Those operating successful businesses in California generally understand the importance of statutory compliance. Regulatory infractions can cost a business its license to operate lead to financial penalties and potentially trigger criminal charges in more extreme...
Business Law
3 reasons your business needs to protect trade secrets
Whether you’re a small business owner or you help to run a large corporation, maintaining your position in the marketplace is paramount. One powerful strategy that can set your business apart is the utilization of trade secrets. These proprietary pieces of information...
3 issues to avoid in business contracts
Nearly all companies reach a point where they must work in some capacity with others (for example, suppliers and manufacturers). The terms of a contract typically govern these relationships. You may anticipate little risk when contracting with another business, but...
3 contract inclusions that may reduce the risk of doing business
Many business analysts would say that risk is what generates profit. Finding untapped market niches and offering goods or products that others have not involves a degree of risk but can also lead to substantial rewards. No one can run a successful business enterprise...
How a vendor contract can protect against delivery delays
Business-to-business transactions are key to economic development. An organization cannot provide services or materials to consumers if it does not have reliable sources of raw materials. The trading that organizations do with one another represents a truly...
Do you need employment agreements for all your personnel?
Decades ago, most people had no idea employment contracts or agreements existed. Just about the only ones who used these agreements were large corporations with many executive-level positions. In the 21st century, employment contracts are much more common, but you...
When do you need a nondisclosure clause in a contract?
As you build your business, you may find that there are certain aspects of it that you want to keep a secret. Whether these are client contact lists or trade secrets, it’s crucial that you do what you can to ensure employees and others who have access to the...
Do you have an exit strategy for selling your successful company?
The successful business that you started is the result of years of hard work and personal sacrifice. Knowing that you were able to create a concept that other people found appealing and could manage that business until it grew into a thriving organization might even...
Elements to include in an employment contract
An employment contract defines what is expected from both the employer and the employee. It has clear guidelines, eliminating chances of misunderstandings in the future. Thus, you need to create an effective contract for your employees. To do so, you will include...
Are you responsible for your business’s debts?
If your business is in debt, you may be worried that it’s insurmountable. The business is going to have to close. There’s just no way that the current model is sustainable, even if the reasons for it are things that are out of your control – like inflation or a...