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Importance of a Limitation of Liability Clause in a Business Agreement

Posted by Posted in Contracts & Agreements
In a business contract, a limitation of liability clause limits the amount or type of damages that may be recovered in the event of a claim, breach, or lawsuit. It is typically designed as a risk management and allocation tool, contractually insulating one or both parties from excessive or unforeseen liability. Depending on the specific requirements of the business agreement, a limitation of liability clause may be tailored to contain different aspects, including the maximum…
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Small Businesses and Startups Need IP Strategies

Intellectual property should not be a concern for just large businesses and big corporations. Small businesses and startup operations should know the value and importance of intellectual property and its impact on business success as well. Intellectual property is important at every stage of business development. Many small businesses or young entrepreneurs do not understand the various types of intellectual property and the protections they can bring to their products, services, and company. Not knowing…
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How to Manage Equity Compensation for Startup Employees

Posted by Posted in Startup & Emerging Companies
Starting a business without the capital to pay employees large salaries is a common problem in the startup world, and most founders find the answer to this problem by turning to equity compensation. Unfortunately, there are a lot of legal and financial nuances with the various types of equity compensation available to companies, and not every company handles this process perfectly, which can result in disastrous problems for the company in the future. Below are…
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