Benefits of hiring business lawyer from the day one of the business are enormous and elementary. Never wait for the legal hassles to hire lawyers/seek professional legal help be cautious of the repercussion’s of actions or inaction's in business operations. Here is the list of most basic and obvious reasons for hiring the business lawyer from the day one of the business. Being proactive prior lawsuits and avoid violations business lawyer is crucial Help the business to choose the business name including marking tag line Help choose most appropriate form of business entity Incorporate/ register the business Helps Continue Reading
Are you an entrepreneur or founder or investor? If yes then consider recording of proposed terms during discussion / negotiations with your vendor, supplier or any other stakeholder under terms of Term Sheet especially in case of large and complex deals. Term Sheet: It is called by different names like letters of intent, memoranda of understanding, heads of terms,letters of potential interest, protocols and so on. Whatever the heading may be but serves same purpose. What is Term Sheet? It is written document between the Parties which sets out the high level, important terms and conditions of the prospective Continue Reading
Legal tech is rapidly growing and its sub sects like legal process automation and Do it yourself law (DYI) is slowly gaining momentum. DYI use and efficacy in law is debatable. Legal professionals are divided in this DYI regime some are in favour and other against the use of it. But in spite of all these the fact is DYI is slowly getting ground. I) Why DYI in Law? DYI, as the name suggests it is “DO It Yourself” in lieu of legal help under legal regime. Due to the high fees / hefty legal expenses people may Continue Reading
1.Intro: Problem solving, improvised and efficient measures, processes, products in every walk of life require creative thinking & novel ideas. These novel ideas may require prototyping. Prototyping develops the idea or early designing of process or product may need prototyping. Product designers, technical experts, design engineers usually process / create prototyping to hatch their ideas to life. Prototype simply means an early sample, model, or release of a product built to test a concept or process 2.Need for Prototype Protection: Prototypes helps in bringing idea to life but protecting these prototypes are challenging. Sometimes these prototypes are neglected to Continue Reading
Before venturing into any business, it is always advisable to know on the below pointers 1)Business Structure: formation of business entity like proprietorship concern, partnership, limited liability partnership, private limited, limited company. Choose which is more appropriate to you and your business type. 2)Founders Agreement: This agreement acts as guide to the founders and co- founders and protects the interests of promoters. Defines roles and responsibilities of each. Helps in the division of profits and losses. Addresses the concerns of shareholding. But well designed and drafted founders’ agreement is indispensable. 3)Business Licenses – Based on your business type Continue Reading
I) Introduction: Litigation can be disruptor to start-ups which are usually struggling to ground in market. Litigation is expensive, time consuming, reputational damage and draining. Strategizing to avoid litigation is crucial for business growth as well as business sustainability. II) Ways to Avoid Litigation: There is no straight formula to avoid litigations whether it is business or individual. But doing fair dealings, transparent transactions, good relationships with all the stakeholders, using well drafted terms, clearly defined policies and well-structured contracts, following all applicable laws, being compliant, following best practices and adhering to ethical business principles are key ways Continue Reading
Lot of people dream to start a business but fear of risk and failure keeps half of them away. Those who venture into business also will have endless & countless questions ranging in their head as to where, when & how on each aspect of the proposed business & concerns around the legal is key among them. I) Different Layers to Law to Protect Business: Law and business go hand in hand and complement to each other. When business tries to override the law faces risk of penalty & punishment. Its known fact that risks are inherent in business Continue Reading
Accelerated digital transformation is boosting the challenge of data security & safety.Cybersecurity measures and privacy by design are gaining steady momentum. What is Privacy by Design? It is approach to incorporate the privacy principles while creating new technologies be it product or service. When privacy is added to technologies and systems while creating by default. What are the KeyPrinciples of Privacy by Design? Privacy by default like use of automatic protection of personal data, usage of tools to classify the data and so on Integration of privacy into the design of systems, software’s and services by addressing Continue Reading
Don’t go by there name petty as petty patents are useful and appropriate for an incremental invention or innovations. Petty patents are one form of intellectual property rights. Play big role in boosting the economy and promoting the innovations and minor inventions. Any business can reap the benefits in form of the complementary to the invention especially where invention lacks patentability but involves low inventiveness and improvements. Petty Patents can be boon to start ups and small business who is usually looking for budget friendly, swift registration and less formalities. What is Petty Patent? Petty patent is a patent Continue Reading
Many entrepreneurs believe their organisation do not have anything worth protecting. Its biggest myth about intellectual property rights (IP) which needs to be changed. All companies have some IP worth identifying. IP is only for technology companies and large corporations its pure misconception. IP is created or existed in all type and size of businesses even smallest business who is creative and innovative because of their better and smarter ways of doing things owns the different forms of IPs. Equating patent with IP, it’s solely due to sheer lack of knowledge about IP and please be aware that Continue Reading
