Tag business

Most entrepreneurs and creators get their start by asking a straightforward question, “how do I start a business?” Starting a business requires careful planning, risk tolerance, dedication, and vision. Working with the right business lawyers can make it easier. Once you have determined an initial idea for your business, it is essential to thoroughly evaluate the market in which you will be operating (if there is one), and discover how you can best contribute to, or disrupt it with, your business idea.

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Phantom Equity (“PE”) is a contractual agreement for a type of deferred compensation between a company and key employees, advisors, and/or contractors. Startups can offer PE to valuable employees, so they have skin-in-the-game, and thus, feel an urgency to help the startup become as successful as possible in the shortest amount of time.

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In the age of instant communication, it’s not easy to protect business ideas. Depending on what kind of information is accessible to others, there are several options available to protect business ideas from being stolen or copied by third parties. If you want to ensure that your business partners or employees do not misappropriate or share important business ideas or information with others, your best bet may be to create an employment agreement/independent contractor agreement and/or a non-disclosure or non-compete agreement that includes certain confidentiality obligations and restrictive covenants in them.

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Your brand is valuable. Protecting your brand with a registered trademark is important to maximize your brand awareness and protecting consumers from inferior impostors. However, if you fail to enforce your trademark rights when they are violated, you risk losing your brand name to genericide. Protecting your brand from the beginning is essential.

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Your Intellectual Property (IP) is a valuable asset for your business. In the digital age, you need to protect your IP from infringement, misappropriation or the like. The type of protection you need depends on the type of IP involved.

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The United States has certain registration requirements for copyrights, patents, and trademarks. These requirements make protecting your Intellectual Property (IP) straightforward with good legal representation. However, when you want to operate in a global market, you need to understand international IP protection and registration requirements, which will vary based on the type of IP involved.

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