The Department of Labor (DOL) set the record straight on how to classify workers under the Fair Labor Standards Act. In March 2024, the agency released a guide to determine if workers are employees or independent contractors. Six economic factors According to the new...
Business Law
A solid NDA can help protect your business interests
A non-disclosure agreement (NDA) is your first legal line of defense when it comes to protecting your trade secrets and confidential information. Therefore, it helps to have a comprehensive document that will shield your business interests from unauthorized third...
Meeting customer expectations is another reason M&A may fail
Mergers and acquisitions (M&A) are complex business transactions that hold the potential for significant growth and transformation. However, not all M&A deals reach a successful conclusion. When it comes to failed M&A deals, the standard explanation often...
Needed components for non-disclosure agreements in your business
Businesses often rely on non-disclosure agreements to protect sensitive information. These legal contracts establish a confidential relationship between parties to prevent the disclosure of certain information to outside parties. A well-crafted NDA can protect your...
Should you include a nonsolicitation clause in your agreement?
To be competitive, businesses allot time, energy and resources to train their employees and build strong customer connections. When a skilled employee leaves or a valuable client no longer supports the business, the company may suffer unnecessary losses in value and...
Top 3 most common trademark legal issues
When you start a business, one of the first things you need to do is come up with a name. However, creating a business name is not always simple due to trademarks, copyright and other legal issues that surround intellectual property. As a word, phrase, symbol or...
How can I avoid litigation?
If you are running a successful business, lawsuits of some sort are unavoidable. In some situations, litigation is a necessary means to solve disputes. However, laying proper groundwork can help you avoid litigation, which will save you time and money. Litigation not...
Why should you periodically update employment contracts?
Employment contracts can protect your company and also give clarification of your expectations to the people you hire. Keeping these documents updated will preserve their function. Knowing which circumstances may create the need for an update can help you stay on top...
Issues to consider when selling a business to retire
Owners with plans to sell their businesses and retire could benefit from taking certain steps when they prep their enterprise for a sale. As noted by Business News Daily, you may wish to consider obtaining a professional valuation of your business’s worth. With a...
Do you need a contract for every employee you hire?
As a small business owner, you want to protect all the work and time you invested in your venture, and contracts help you accomplish that goal. Must you draw up a contract for every employee you hire? Chron explores the definition, pros, cons and alternatives to...