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Most people don’t take time to read the contracts they sign. That’s dangerous because your signature is taken for an admission that you’ve read the document. As your business grows and you begin outsource, you’ll hire a good business attorney to handle contract review and negotiations for you. Until then, you need to be responsible. Unfortunately, many contracts seem daunting because of their length and because you don’t know what to look for. So for the hurried entrepreneur who doesn’t have a lawyer, here are the seven must-read sections in contracts you are asked to sign. What are each party’s duties? When someone Continue Reading →
When you’re just beginning as an entrepreneur, you are not only the chief operating officer of your company, but you also haul your own trash and write your own contracts. While being your own trash collector might not harm you if you do it incorrectly, being your own business lawyer could eat your money unless you learn some basics about writing contracts. Here are seven things that could help you when drafting your own agreements. Start with templates. Even lawyers rarely draft contract from scratch. There are many online services that will sell you basic contract templates for $25-$75. Buy several Continue Reading →
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Starting a technology company may be rewarding, but there are a lot of considerations. Tech companies’ ideas are routinely stolen and re-purposed; they often must rely on other people during the development process; they may require a lot of capital (especially companies that will produce a tangible product); and building a company that outlasts the founder requires substantial planning. Let’s address these issues in several posts: protecting your assets, establishing and managing relationships (the subject of this post), attracting capital, and exit planning. Establishing and Managing Relationships The adage that “it’s not what you know, it’s who you know” definitely applies to technology companies. It is very unlikely that you will be able to Continue Reading →
[BONUS: I will be talking about Trademark (and Copyright) on Nov 16, 2017 at McLean Business Forum. Join me and 50+ other entrepreneurs and business leaders at 7:00AM, Courtyard Marriott, Tysons Corner, VA. Contact me for more details: email@example.com] As an entrepreneur, you may have a great idea for a product, service, company name, or company logo. This idea will be the foundation of your entire business, and you want to make sure that nobody else can use it. You can apply for a trademark to protect your intellectual property. So, what is a trademark? A trademark is an intellectual property that protects Continue Reading →
Here’s an article in Forbes titled “Can Entrepreneurship Be Taught?” It discusses, among other things, getting an MBA in entrepreneurship. I’m sure entrepreneurship can be LEARNED, but I am very negative on getting an MBA with the objective of being TAUGHT entrepreneurship before you begin the journey. Look at all those letters after my name. I have gotten a LOT of accredited education. But was it essential to me being an entrepreneur? Not one bit! It’s not that I think teachers are incapable of imparting knowledge, it’s just that entrepreneurship requires things com-p-lete-ly distinct from what you get in an accredited Continue Reading →
The Purpose of Argent Place Law
Argent Place Law, PLLC serves businesses and business leaders in matters of business law, intellectual property law, and succession planning. Business law issues include contracts with customers, vendors, and partners as well as corporate law and corporate governance. Intellectual Property law issues include filings and strategic licensing for trademarks, patents and copyrights, and how to manage trade secrets. Succession planning incorporates business planning for an equity sale or asset sale as well as the integration of the business succession plan with personal estate planning through wills and trusts.