Software licenses provide the maker with protection against the use and redistribution of their product. Inventors can better protect their product by having a basic understanding of these two common issues that trigger software disputes. Common issue #1: Stealing...
business law
Inventors & entrepreneurs: 2 tips to protect your software
Software licenses provide the maker with protection against the use and redistribution of their product. Inventors can better protect their product by having a basic understanding of these two common issues that trigger software disputes. Common issue #1: Stealing...
Does Connecticut need to review its non-compete laws?
Noncompete agreements are beneficial for multiple reasons. These contracts can help entrepreneurs better ensure the protection of trade secrets. They can provide business leaders with a safety net when looking at the initial investment that comes with training new...
Contracts 101: How does the contract process work?
Contracts are important legal documents used in many stages of life. Individuals and businesses may use contracts for employment, the sale of goods, advertising, software licensing purposes and to set up a franchise. Due to their broad reach, it is likely everyone...
Three things to do after incorporating as a C Corp
Business owners are wise to carefully consider various business structures before incorporating their business. There are many benefits to incorporation, including protection from liability. But which option is best for your business? The answer depends on your...
Coach takes UConn to court over contract dispute
A basketball coach at UConn took the university to court after it terminated the remainder of his contract. The university cited “serious misconduct” or “serious non-compliance of … NCAA rules and regulations” to support the early termination. The coach disagreed....
Selling a small business? Pay close attention to this provision.
Entrepreneurs looking to sell their small business will negotiate a number of terms as part of the sale agreement. In many situations, a buyer will insist on an earn-out provision. What is an earn-out provision? These provisions are generally one portion of a two-part...
US Supreme Court strengthens arbitration requirement for business disputes
A recent case digs into the details of arbitration agreements. The case involves a review of an arbitration agreement and an analysis of the Federal Arbitration Act (FAA). The FAA requires courts to enforce arbitration agreements based on the terms provided within the...
Three ways business owners invalidate incorporation protections
Entrepreneurs with business savvy know the power of incorporation. Businesses that are incorporated with their state as a limited liability company (LLC), C Corporation or S Corporation offer protection from liability to their owners. The business structure generally...
Three times when a nondisclosure agreement is the right thing to protect your company
One of the most often used agreements in business is the non-disclosure agreement, or NDA. Almost any business has confidential information that it wants to keep from competitors. NDAs are an excellent resource for owners to set expectations for employees, potential...