A patent is a legal tool that allows the holder to protect their innovative ideas. If granted, a patent serves to exclude others from using, making or selling the item protected by the patent for set period of time. But does this asset provide value to a business? If so, how do business owners know the value of their patent? This piece will discuss these issues.
It is important to have an exit strategy when dissolving your business. You cannot simply hang a "closed" sign and move on to your next business endeavor. The United States Small Business Administration provides some tips, including:
Businesses close for any number of reasons. Some close because the business owner is ready to move on to a new endeavor, be it retirement or another market, others close because the business idea did not pan out as planned. Whatever led to the dissolution, business owners must follow proper protocol when closing their business.
If you're a business owner in New Jersey, you likely know that clients are integral to making your commercial enterprise a success. However, some clients will push you to your limits, which is not only frustrating but can also lead to legal issues down the line. Forbes recommends looking for the following red flags, which often indicate a problem client.
When you are a patent holder in New Jersey, it is typically in your best interests to protect this patent. At the Weiner Law Group, LLP, we understand it is important for you to know when this patent has been infringed and what action you can take.
Contracts, businesses in New Jersey and elsewhere depend on them for security and success. What happens though if one is accused of not holding up his or her end of a business contract? Those facing such accusations can turn to a business litigation defense attorney for assistance.