While you might think that registering your business name gives you exclusive rights to it, that isn’t the case. That’s why registering your business name alone isn’t enough to protect your name and brand. In fact, other people can take your name and use it, especially if the company is in another country that isn’t...
Buying a franchise entails familiarising yourself with the legal aspect of running a business. It is important that you know the documents you need to fill out and the legal entities you will be involved with. You should also be aware of the franchiser agreements you are signing. It is best that you have a...
Legal blunders may have a catastrophic effect on any organisation, especially for SMEs or small-to-medium-sized enterprises. Large corporations may have the capacity to withstand nearly anything. Yet, a tiny error for a smaller business may cost them a lot of money and damage their image. If you have an SME and think hiring a corporate...
When you’re about to sell your company, you need to have a good grasp of all the legal aspects. So, does that mean you need a lawyer? There are a lot of different parts of the process to consider, like taxes, contracts, employment, intellectual property, and plenty of other stuff that can bite you if...
Unfortunately, when a dispute arises, a contract is scrutinised even more closely as parties attempt to determine their rights in a given situation. Getting it right in contractual dealings should begin as soon as you consider or are approached to enter a contract, whether with a supplier, financier, or customer. What Is a Commercial Contract? ...
There are various challenges that you need to navigate and persevere against when running a business. Some of the most troublesome battles, though, have to do with trademarking. It’s hard when another business steals your idea or accuses you of being a copycat. This results in bad press, arduous legal battles, a lot of expenses,...
If you want to expand your business, you can acquire another entity or merge with it. Choosing either of the two is similar to creating a new business but requires a few more steps. You might wonder which alternative would work best for you. With the increase of competition and the limited resources, business owners...
Are you planning on conducting business or starting a new business partner? You may confuse your arrangement as a joint venture or partnership. However, these two arrangements are different and have their own sets of pros and cons. Before proceeding with your business, it is best to understand what these arrangements entail and whether one...
There are various challenges that you need to navigate and persevere against when running a business. Some of the most troublesome battles, though, have to do with trademarking. It’s hard when another business steals your idea or accuses you of being a copycat. This results in bad press, arduous legal battles, a lot of expenses,...
There’s a lot that goes into running a business. Aside from the willpower and determination to get things started, passion is key. Moreover, there’s a lot to go into when it comes to finances and other matters. Sure, you’re likely familiar with the need to apply for permits and register the business as a whole....
Owning a business isn’t always a one-man show. Sometimes, going into a partnership to start a small business can have advantages. However, the catch is you and your partners will split the income and losses of your business amongst yourselves, which will ultimately be negotiated by you. To help you decide what percentage of your...
Starting a new business venture is an exciting thing. However, it’s essential to approach it with diligence and care, especially when tackling legal matters. For instance, if you’re planning to purchase a franchise, make sure you cover all the legal grounds and work with commercial contract lawyers throughout the process. Is legal advice necessary for...