Have you ever come up with what you believed to be a great idea? Have you researched that idea and realised that there is actually a hole in the market that doesn’t cover your idea? One day, you are going to put that idea into practice properly and become a millionaire from it – just as soon as you get time.
A key element to entrepreneurial success is choosing the right people to be part of your management team. In fact, angel investors and venture capitalists both view strength of the management team as the major determining factor in whether they are willing to make an investment in the company. But it is also important for an entrepreneur to have outside advisors he or she can trust and rely on, an accountant being one of these. Even a start-up company with little or no revenues needs to have a good accountant available, as well as an attorney who has experience with young businesses.
Guess what? The federal Trade Commission (FTC) estimates that over $100,000,000 is being scammed by fraudulent Invention Marketing and Invention Patent Companies on consumers annually. That’s $100,000,000 of your money.
Once you have finally decided on a name for your newly established business, there are a few more steps that you need to follow in order to make your company legal and professional in today’s society. Naming your business is only the beginning of a long process of organizing and developing its functions. The next step that you need to take when you have finalized a name for your business is to legalize it and protect it under federal and state laws.
A non-disclosure agreement is made between two parties when they agree that one or both parties will not reveal specific information that is considered to be confidential by the disclosing party. Non-disclosure and confidentiality agreements are commonly used to enforce obligations of confidentiality on a party that is receiving information or material from a disclosing party that the second party considers to be secret or classified.
Some may think that brilliant men like Thomas Edison and Nicolai Tesla are rare these days but I know better. As a matter of fact I have a friend who is a certifiable genius inventor, inventing things like an engine that runs on tap water and a device that increases gas mileage by nearly 40%.
So you have a hot idea for a website, or maybe you want to capitalize on a hot new product that has just been released. There are some things that you will want to know first before you get yourself in a lot of hot water.
Some people get confused between trade secrets and trademarks. A trademark is something that is publicly recognized and known as being officially associated with a particular company. In contrast a trade secret can be a much more broad definition and by its very name is not made public.
An extension agreement allots additional time to an existing legal contract. This agreement is reached between two or more parties regarding the extension of the existing contract. There are various forms that may also be used to extend the performance time under an existing legal contract.