Those coming into a company will often sign a mountain of paperwork. One of the documents in that pile is a non-compete agreement. The company’s goal in asking employees to sign these agreements is to restrict competing businesses from poaching company talent as well...
Business Law
Equally dividing a family business can be a mistake
Most parents take great pains to ensure that they give each child the same about of love and attention. Therefore, it should come as no surprise that business owners here in Colorado often try to pass equal shares of the company or business to their children, whether...
Non-disclosure agreements are good business
Michael Bloomberg’s presidential campaign famously outspent his competitors. However, Bloomberg’s signature moment could be when Elizabeth Warren attacked him during a Democratic debate for Bloomberg's use of non-disclosure agreements (NDAs) when the #MeToo movement...
New franchises can have advantages over start-ups
Starting any business involves a certain amount of risk. Some owners thrive in going it on their own or building it from the ground up. However, some may find it more desirable to invest in the less risky option of purchasing a franchise. According to business...
US women’s soccer team dealt a setback
The United States Women’s National Team (USWNT) has waged a four-year legal campaign to correct what it perceives as unequal pay and treatment compared to the United States Men’s National Team. The issue has simmered for several years, but it came to a head as the...
What is required for a contract to be valid?
Because contracts form the basis of most business relationships, it is helpful to know what makes a contract valid. Several different elements need to be included in a valid contract. Understanding how a contract is formed can help business owners understand what...
Don’t neglect to protect your business’s proprietary information
Most businesses have some type of proprietary information. It may be a secret recipe or plans for a new product. However, your financial data and customer records are also proprietary information. The health of your business depends on safeguarding all of that...
Owning a side business very common in the U.S.
It is very common these days for individuals to start a business on the side. This is what a recent survey by The Hartford suggests.In the survey, over 4,000 U.S. adults throughout the nation were polled. Around a quarter of these survey respondents indicated that...