Businesses have to keep certain things a secret from their competition so they can remain competitive. There are many ways to do this. One of the main things you need to do is to ensure that you only have trustworthy employees who have access to those trade secrets....
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Why IP theft hurts your brand
You cannot understate the value of your intellectual property. Some have called it the foundation of your business. It is the very thing that gives your brand such an edge in a competitive marketplace. Losing your intellectual property via theft can dramatically...
Business partnership negotiation: Tips for success
Getting into a business partnership comes with several benefits, such as increased capital and greater profit potential. Done right, a business partnership can be an excellent way to start up a business. Before getting into a business partnership, you must...
Don’t delete that file: Preserving electronic evidence
When you’re in business, it’s probably only a matter of time before you end up in some kind of litigation. If you’re wise, you’ll have a system in place long before that happens to make sure that your company’s electronic data is properly preserved. Why is it so...
Consider mediation for small business conflict resolution
Disputes are a fact of life in the world of business. Sometimes, even the most sensible of parties can find themselves caught up in a strong disagreement with no clear path to resolution. Mediation is usually the first port of call for resolving such differences. If...
Examples of a breach of contract
When you sign a contract with another business owner, you are expected to uphold your end of the deal (providing payment) and they are expected to uphold theirs (providing goods or services). This contract can be breached in numerous ways, all of which could...
Protecting your business from wage and hour lawsuits
Employment disputes are something that all companies should seek to avoid where possible. Legal clashes can impact staff morale, damage your reputation among current and prospective employees and even negatively impact your profits. Consequently, it is beneficial to...
Signs a business partnership may be toxic
Many California business owners spend sleepless nights littering potential litigation from clients, vendors, subcontractors and the general public. However, when problems arise from business partnerships it can feel like a personal betrayal. According to CNN Money,...