YoungUpstarts

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Six Tips to Make Sure You Aren’t Poaching Intellectual Property Along with Employees

YoungUpstarts

After all, if you can entice an MVP from another company to enlist in your ranks, you’ll deprive the competition of a key asset while taking immediate advantage of your new hire’s previous training and experience. Best of all, this kind of hiring is perfectly legal, right? Well yes… except when it’s not.

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The Five Most Common Legal Mistakes New Companies Make

YoungUpstarts

Intellectual Property, the core of the business, is not protected. Your intellectual property is the backbone of your business. Therefore, protecting your intellectual property by filing trademark, copyright and patent applications is essential to ensure that you have legal recourse if infringement occurs.

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Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

Hire professionals. For example, you can determine a term that requires shareholders to hire their own experts and then harmonize those numbers, or you could have a term that requires the members/shareholders to hire experts who then select a third expert to provide the valuation.

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How To Sell Your Business For Maximum Profit And Why It’s Best To Sell When Business Is Thriving

YoungUpstarts

Does it have a niche or intellectual property? Finally, hiring the right M&A Advisor to guide you through the process can help in achieving a maximum profit. Committed employees and tenured management teams can act as a value driver as they are directly involved with the direction and growth of your company.

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5 Monumental Legal Mistakes Made By Startups

YoungUpstarts

Taking appropriate action for intellectual property protection. Failing to take appropriate steps to protect your intellectual property can leave you vulnerable and without any legal standing should another business take your unique idea. Many startups are created based on a unique product, technology or service.

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Outsourcing: The Pros And Cons

YoungUpstarts

Additionally, if recruitment and customer support are tasks which have become rather time extensive, outsourcings could mean you can use time more efficiently, as you won’t be training other people, or teaching yourself a process which you could hire an expert to do. Communication.

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Common Legal Issues Startups Should Be Aware Of

YoungUpstarts

Start-ups are particularly vulnerable when it comes to legal matters that relate to a wide range of different aspects, including getting the right terms and conditions, protecting their intellectual property, and ensuring that all employment contracts are legally compliant. Not Protecting Their Intellectual Property.