Intellectual property is intangible assets that can often be the most valuable thing owned by a business. Whether it is the trademark for a brand name or a device that has been patented, owning or having access to intellectual property can give your business a competitive edge. This is vital, especially if...
Category: Business Law
Franchise Agreements: Key Terms and Negotiation Strategies
Franchises are a great way for a small business person or entrepreneur to build a path toward a lucrative career. With a franchise, you purchase the right to use the branding and intellectual property of an established business right here in your own neighborhood. Whether you are looking at opening a McDonald’s,...
Comparing Joint Ventures and Strategic Alliances: Which is Right for Your Business?
Many times, businesses find that they need something they cannot provide in house and see the benefits of collaborating with another entity. This may be because the other business owns a process or component needed to produce a certain product, or has a sales and marketing network in a market that their...
The Pros and Cons of Forming a Professional Corporation in Pennsylvania
Many people engaged in professional practices simply hang out a shingle, doing business under their own name. While this might seem fine for solo practitioner attorneys, accountants, and physicians, it is not an ideal situation. They may be missing out on many of the benefits afforded by forming a professional corporation here...
Navigating Business Partnership Disputes Without Going to Court
Are you looking for a way to resolve a business partnership dispute without lengthy and expensive court proceedings? Out-of-court solutions like mediation and arbitration can save time, reduce costs, and keep the focus on preserving your business. Here’s what you need to know about how to resolve partnership disputes without court intervention.
Employee Handbooks: Why They’re Crucial for Your Business
An employee handbook is a crucial tool for any business, big or small. It serves as a guide for employees, explaining what your company expects from them and what they can expect from the company, which can help your business run more smoothly.
How an Employee Handbook Can...
Year-End Tax Planning Tips for Businesses
Few things can be as nerve-wracking for small businesses as planning for tax season. While you have been busy trying to make money and keep your business running, in the background has been the need to get the information you need ready for filing with the IRS. Still, taxes are a fact...
Trademark Law Basics for Entrepreneurs
If you are looking to protect the intellectual property of your business, there are a number of steps you can take to make sure that your competitors cannot steal what you have worked hard to create. For example, you can protect any unique process or formula with a patent, while any printed...
What to Know Before Entering into a Joint Venture
Many businesses are able to create new products and bring them to market all through their own processes. But sometimes keeping everything in house is not the most efficient or effective way to do business. In addition, another company may have a patented process or device that you want to incorporate into...
Common Types of Business Disputes: How an Attorney Can Help
If you are running a business, then you probably know that disputes are an inevitable part of doing business here in Pennsylvania. Whether they concern customers, employees, suppliers, vendors, or even your own partners, you are probably going to run into a situation that is not easily resolved by a phone call...