One of the most important assets of a startup business may be its intellectual property. This term legally encompasses creations of the mind, including inventions, artistic work, literary pieces, names, symbols, designs, and images that are used in business In other words, your intellectual property can be the very fabric of your business. It can be strictly protected, or it can be sold and licensed to generate an income stream. Hence, your intellectual property needs…
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Many people going into business become so consumed with finetuning their service or product that they overlook the importance of protection afforded to them and their business interests through incorporation. If you want to avoid a host of potentially damaging issues – including false claims of ownership by others and creditors coming after you personally to satisfy debts of the business – the sooner you incorporate, the better. In this issue, Afshin Hakim, a highly…
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In March 2019, music publishing giant EMI filed a breach of contract suit against hip-hop megastar Kanye West. The suit was a response to a claim made by West in a California courtroom that the contract amounted to “servitude” since it violated California’slaw that limits personal services to “no more than seven years.” Unfortunately for West, the details of the contract specify that everything related to their professional agreement be governed exclusively by New York…
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Today, there are more than 30 million small businesses in the United States, according to the U.S. Small Business Administration. While the first few years of a business’s life are usually the most difficult, having the fundamentals in place before launching your new endeavor is key to staying in businesses for years to come. In this issue, Afshin Hakim, a leading business attorney in Los Angeles, will discuss why leveraging the knowledge and expertise of…
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An effective employee handbook will act as a manual for what your employees can expect and what your company expects from them. If your handbook does not have clear policies, you could run into big problems.An employee-related lawsuit against your company can cause serious financial issues, additional problems in the workplace, and potential damage to your company’s reputation.Plaintiff’s attorneys will look for loopholes when attempting to justify an employee’s behavior outside of your expectations. Therefore,…
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Starting a new company is a very exciting venture. However, it can also be very overwhelming and confusing. One important factor to consider is what types of contracts you will need to enter into in order for the business to flow smoothly and legally. It is in your best interest to consult with an experienced contract lawyer in Los Angeles to help you make an informed decision and appropriate action. Partnership Agreements A partnership agreement…
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There are many things to consider when you are starting a new business. Many focus on the obvious elements- location (brick and mortar or online), hiring employees, and growth. Due to all the considerations at hand, many startups push the development of a strategic plan to the back-burner. However, your business should develop that strategic plan sooner rather than later. Working with an experienced startup attorney in Los Angeles with help you understand the importance…
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If your growing company is in need of capital, you have a few options to consider. Before you begin your capital-raising journey, contact an experienced venture capital attorney in Los Angeles to assist you in understanding the different types of investors and what is the best fit for your company. Friends and Family Investors Acquaintances such as family and friends may be willing to invest in your growing company. Friends and family investors often join…
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Forming a new business is an exciting adventure. However, new business owners must ensure that they take steps to protect themselves and their business. A simple overlook could have very serious implications down the road. Before taking any steps, consult with an experienced business lawyer in Los Angeles and sort out the following: Business Structure Prior to forming your new business, you should first determine which business structure would work best to fit the needs…
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