What is a Joint Venture?

What is a Joint Venture?

A joint venture is a contractual agreement between 2 parties to undertake a particular task. Most often, the common task is aimed at market penetration efforts that require a huge amount of resources or the establishment of local business partnerships. They can also be created to strategically acquire resources that would otherwise be hard to obtain such as technology, R&D, or intellectual...

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Funding a Startup

Funding a Startup

A large part of trying to take a brilliant idea and turn it into a fledging business venture is your ability to secure startup financing. Raising capital is one of the most fundamental activities of successfully developing a business. As many entrepreneurs discover very early on, raising capital is not easy and can be an ongoing struggle. It is key to conduct thorough research and be well...

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Non-Compete Agreements in N.C.

Non-Compete Agreements in N.C.

Non-compete agreements (or covenants not to compete) can be very helpful to employers in many situations. The purpose of a non-compete agreement is to protect a company’s customer base.   These contractual provisions are most often used in employment contracts and purchase agreements. Non-compete agreements are very useful to new owners purchasing a preexisting business and its assets.  They...

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Lodsys Threatened by Apple

Lodsys Threatened by Apple

On Tuesday May 31, intellectual property firm Lodsys filed suit against seven developers for patent infringement in the U.S. District Court for the Eastern Texas district.  Ongoing is a three-way battle between Lodsys, Apple, and third-party developers over two of Lodsys’s patents, one regarding “a customer-based design module” and the other on “Methods and Systems for Gathering...

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The Top 4 Legal Entities

The Top 4 Legal Entities

Check out this chart to get a greater understanding of the top four legal entities for your business. Entity Flowchart Authored by: Sarah Rothecker

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