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Read any commercial lease agreement very carefully

When starting a new business, you may opt to rent out a building or a commercial space, rather than buying it. This gives you less debt if your business does not work out and typically costs far less up front. Most young businesses have a very strict budget and little or no income, so it's important to know how to get your idea off of the ground in an affordable manner.

A franchise owner gains access to intellectual property

Generally speaking, intellectual property and trade secrets are very well-protected in corporate America. Businesses are bound by laws, regulations and codes of conduct. Violations -- such as using someone else's trademark without permission -- can be prosecuted.

Lawsuit filed against skyscraper construction in New York

A lawsuit has been filed against the construction of a skyscraper in the Upper East Side of New York. The lawsuit, brought by a group of residents who live in the neighborhood, was filed with the New York County Supreme Court. The group that filed the lawsuit includes a state senator, a city councilman and two groups representing the neighborhood's residents. It was filed against the city and challenges the approval of the project.

Important tips for writing an effective small business plan

A business plan is the foundation that every single business is built on in the corporate world. No business can be successful without a strong business plan. The plan will help guide you through the difficult stages of starting and then managing your business. This plan is shown to investors so they know what type of return on their investment they will see. Here are some tips for writing an effective business plan.

Common legal remedies for contract disputes

Being involved in a contract dispute can be overwhelming, stressful and a lengthy process. Contract disputes are all too common and occur in just about every industry. There are various reasons for a contract dispute to occur, including failing to deliver on agreed upon items, missing deadlines and more. Here are some legal remedies used when faced with contract disputes.

Patent protection vs. trade secret protection: a brief look at benefits, disadvantages, P.2

Previously, we looked at some of the basics of patent protection. As we noted last time, patent protection is certainly useful and valuable for what it does, but many businesses also make use of trade secret protection to ensure competitors are unable to benefit from valuable business information.

Patent protection vs. trade secret protection: a brief look at benefits, disadvantages, P.1

For businesses, protecting valuable business information from competitors is an important task that deserves careful, ongoing attention. This is particularly true for businesses in highly competitive industries where innovation is critical and the risk of losing employees to competitors is high.

A brief look at business entities in New York, their formation and dissolution, P.2

In our last post, we looked briefly at some of the basic characteristics of several types of business entities available in the state of New York. The business entities we mentioned last time—sole proprietorships, partnerships and LLCs—are increasingly complicated to form and dissolve, respectively.

A brief look at business entities in New York, their formation and dissolution, P.1

Forming a business is something that should always be done with careful planning and the best possible legal advice. Every business has different needs, of course, and selecting the proper entity type for a business helps ensure the business’ success. 

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