January 29, 2013 (Press-News.org) A few tips to help protect your business from a lawsuit
Business owners want to spend their time building their business, not defending themselves from lawsuits. While a business owner's time is often stretched thin, some legal preparation can go a long way to prevent a business from getting involved in legal quagmires further down the road. Many large businesses conduct annual legal audits to determine unknown legal issues and small businesses should spend some time doing the same.
Two of the most common areas of risk for small businesses are employment and intellectual property issues. When relationships between individuals and the company and creators of valuable information and the company are ill-defined, monetary issues often follow.
Some potential employment law issues
As a young company grows, the owner often needs to hire staff. But the relationship between the employer and the staff are often not clearly defined, because the owner is often more focused on making sure the new staff understand and complete their new duties rather than outlining the worker's legal relationship to the company. Often business owners create informal hiring arrangements where no written contract or policy is used. One of the immediate risks of a poorly defined worker-employer relationship is that the person may be more difficult to terminate legally. Also, businesses often run into tax issues if a worker is categorized as an independent contractor but the worker in reality is an employee. Even when a business has a standard employment contract, the business may apply the contract to employment situations without adjusting the contract. Blind use of an employment contract to different staffing situations is risky for a number of reasons but can be especially dangerous regarding the development and use of information crucial to the business.
Some potential intellectual property law issues
Frequently, businesses hire outside help, such as a freelancer or an outside contractor to help complete a project or develop a piece of the business. Too often businesses fail to outline in the agreement that the freelancer's or contractor's work will be owned by the business. If a business fails to identify the contractor's work as its own in the agreement, the work may not be an asset of the business on its completion, and the business may have to license the intellectual property developed for the business from the contractor. Also, business owners should have all employers and contractors sign non-disclosure agreements to protect proprietary business information from being used by an employee on his or her exit.
To prevent legal miscues like those discussed above and others, a business owner should conduct a legal audit of his or her business each year to learn what is not known in order to stave off future legal issues and to protect the assets of the business. The cost of a legal audit is more likely to be lower than the cost of losing crucial intellectual property or being involved in a lawsuit. To learn about the legal risks of your business, contact an experienced business attorney.
Article provided by The Law Offices of Anthony C. Duffy
Visit us at http://www.aduffylaw.com/
A Few Tips to Help Protect Your Business from a Lawsuit
While a business owner's time is often stretched thin, some legal preparation can go a long way to prevent a business from getting involved in legal quagmires further down the road.
2013-01-29
ELSE PRESS RELEASES FROM THIS DATE:
EBI Consultancy Reveals the Three Important Tools in Supply Chain
2013-01-29
EBI Consultancy, a successful provider of high quality commercial, management and supply chain consulting services in Asia, shares their expertise in the use of high-technology supply chain tools and what businesses could do to cope up with these trends, in a blog post released on January 18, 2013.
They have listed down three (3) important tools for improving the reliability of the supply chain by increasing the visibility of goods scattered across the network through a better flow of information and using technology to improve the supply chain process.
EBI stated ...
Regional Investment and Innovation Leads to Success for R&M Middle East, Turkey and Africa in 2012
2013-01-29
Reichle & De-Massari (R&M) Middle East, Turkey and Africa, the Swiss structured cabling specialist, has announced a strong performance during 2012 posting double digit growth in the region during the last 12 months. During this period, the company nearly doubled its staff strength, inaugurated a new regional office in Saudi Arabia and opened the region's first-of-its-kind patch cord assembly facility at its headquarters in Dubai. This continued investment in the region and industry-leading Swiss quality has led to impressive results for the cabling specialist. The ...
Sompo Japan Participates in Pacific Catastrophe Risk Insurance Pilot
2013-01-29
Sompo Japan Insurance Inc. (President and CEO: Kengo Sakurada; hereinafter, gSompo Japanh) announces that the company has joined the Pacific Catastrophe Risk Insurance Pilot established by the World Bank (President: Jim Yong Kim). The program aims to reduce the natural disaster risks of Pacific Island countries, which are vulnerable to catastrophic damages caused by major cyclones and tsunamis whose frequency is increasing in recent years.
1. Background of Sompo Japanfs Participation in Pacific Catastrophe Risk Insurance Pilot
Major natural disasters, including ...
University Researchers Confirm Link Between Insomnia and Hot Flashes
2013-01-29
A team of researchers at the Stanford University School of Medicine in California recently embarked upon a study to help determine the causes of insomnia among premenopausal and postmenopausal women. The team conducted phone interviews with 982 women and gathered information about their sleep history, frequency of hot flashes, and overall health. They found that 51% of postmenopausal women suffer with hot flashes and that 79% of premenopausal women have them. Among the women with the most intense hot flashes (based on their severity and frequency), 81% of them experienced ...
Russian Interest in Marbella Property Gathers Momentum
2013-01-29
News this month from the Malaga Developer's Association reveals that the Russians have overtaken the Germans to become the second largest international home buying audience on the Costa del Sol. Marbella agent Spanish Hot Properties believes this is a trend to continue.
Nick Stuart, Director of Spanish Hot Properties, says, "Russians now make up 9% of foreign property purchases leaving the Germans trailing with 7%. This is still minimal in comparison to the Brits who lead the way with 35% but, in my opinion, the start of a greater wave of Russian clients on the ...
Local Photographer Gains High Respect
2013-01-29
"We have recognized a need for aerial photography services throughout Georgia and have responded to fulfill this need by expanding our service area", explains Michael. Aerial photography has many uses in today's world whether the user needs creative marketing strategies, thorough and accurate documentation such as in land disputes or traffic accidents, project analysis, environmental impacts, or advertising campaigns. These aerial photos provide a very impressive and detailed view of the entire project from a bird's eye perspective. "We are extremely excited ...
February Trust & Asset Protection National Webinar Hosted by Gregory Herman-Giddens
2013-01-29
The hour-long webinar is designed for financial advisors and attorneys who are interested in learning how trusts can be used to protect inherited IRAs from creditors and beneficiary mismanagement while maximizing tax deferral. A board-certified attorney, Herman-Giddens will review how to structure asset protection for IRA beneficiaries. Trillions of dollars in IRAs and qualified plans to be passed down to beneficiaries in the near future could be jeopardized by mismanagement and creditor claims. There are ways to leverage specially designed trusts to protect IRAs and ensure ...
Book Marketing Announcements: The Authors Show Lineup for the Week of January 28, 2013
2013-01-29
Don McCauley of the Free Publicity Focus Group and Danielle Hampson of eBroadcastMedia.com, founders of Book Marketing, announced today The Authors Show radio and TV weekly broadcast schedule.
Book Marketing, branded as 'The Authors Marketing Powerhouse', allows authors and publishers the opportunity to upload photos, bios, book covers, video and book videos. The site also offers discussion forums, segmented special interest groups and allows for event listings. Each author can develop a personalized page. In addition the site allows for integration with Facebook and ...
American Ingenuity Media & Prudencetheriault.com Launch "THE TV TAROT"
2013-01-29
Want to know how Super Bowl XLVII will do in the TV ratings, before kickoff? Have a burning desire to know if Kim Kardashian and Kanye West will make it as a couple? Would you like to know how the new "Star Trek: Into Darkness" movie will do well before the premiere? Now you will know as a brand new Internet
TV series, "THE TV TAROT" has launched on YouTube, Facebook, Twitter and Goggle+.
Featuring the nearly never miss talents of Master Tarot Reader & Instructor, Prudence Theriault and hosted by TV news and marketing veteran, Jeff Grimshaw, ...
Oncology Information Systems' Reporting and Alerts Leave Providers Wanting More
2013-01-29
Alerts and reporting are two of the most challenging aspects of medical oncology, in addition to being the tools providers are least happy with overall. This is according to a new report from KLAS titled Oncology 2012: Pulling the Curtain Back.
Study findings reveal that oncology information system vendors struggle with alerts. Specifically, Epic, Varian, and Elekta seem to perform below average. Reporting is also an area for improvement. Providers report that Varian and Elekta's canned reports are not robust enough to meet their needs, and the customized reports are ...
LAST 30 PRESS RELEASES:
Corpse flowers are threatened by spotty recordkeeping
Riding the AI wave toward rapid, precise ocean simulations
Are lifetimes of big appliances really shrinking?
Pink skies
Monkeys are world’s best yodellers - new research
Key differences between visual- and memory-led Alzheimer’s discovered
% weight loss targets in obesity management – is this the wrong objective?
An app can change how you see yourself at work
NYC speed cameras take six months to change driver behavior, effects vary by neighborhood, new study reveals
New research shows that propaganda is on the rise in China
Even the richest Americans face shorter lifespans than their European counterparts, study finds
Novel genes linked to rare childhood diarrhea
New computer model reveals how Bronze Age Scandinavians could have crossed the sea
Novel point-of-care technology delivers accurate HIV results in minutes
Researchers reveal key brain differences to explain why Ritalin helps improve focus in some more than others
Study finds nearly five-fold increase in hospitalizations for common cause of stroke
Study reveals how alcohol abuse damages cognition
Medicinal cannabis is linked to long-term benefits in health-related quality of life
Microplastics detected in cat placentas and fetuses during early pregnancy
Ancient amphibians as big as alligators died in mass mortality event in Triassic Wyoming
Scientists uncover the first clear evidence of air sacs in the fossilized bones of alvarezsaurian dinosaurs: the "hollow bones" which help modern day birds to fly
Alcohol makes male flies sexy
TB patients globally often incur "catastrophic costs" of up to $11,329 USD, despite many countries offering free treatment, with predominant drivers of cost being hospitalization and loss of income
Study links teen girls’ screen time to sleep disruptions and depression
Scientists unveil starfish-inspired wearable tech for heart monitoring
Footprints reveal prehistoric Scottish lagoons were stomping grounds for giant Jurassic dinosaurs
AI effectively predicts dementia risk in American Indian/Alaska Native elders
First guideline on newborn screening for cystic fibrosis calls for changes in practice to improve outcomes
Existing international law can help secure peace and security in outer space, study shows
Pinning down the process of West Nile virus transmission
[Press-News.org] A Few Tips to Help Protect Your Business from a LawsuitWhile a business owner's time is often stretched thin, some legal preparation can go a long way to prevent a business from getting involved in legal quagmires further down the road.