Tag: Unfair Competition

Black Hats and White Hats: Wear a White Hat

(Part One in a Series) Watch an old time black and white Western, and you’ll quickly discern the “good guys” from the “bad guys.” The “good guys” invariably wear white hats while, for some unexplained reason, the “bad guys” feel compelled to wear black hats.  When a new character comes on the screen, the color of his hat …

How to Prepare an Enforceable Non-Compete Agreement

So, you have decided that you need a non-compete agreement to keep employees from competing unfairly with your business.  If you want to be able to enforce that agreement, you must change the way you think about negotiating a contract. In most  contract negotiations, your objective is to get as many concessions as possible from the other …

Protect Your Customer List

Let’s say that, like most businesses, you have spent considerable time, effort, and money developing your customer list.  How can you best protect your investment?  Successful businesses implement two methods — one incorporating legal strategies and the other sound business practices. The legal strategies recognize that your employees are the greatest risk to your intangible assets, …

Ten Fatal Mistakes Business Owners Make: Nos. 1 & 2 – Corporate Formalities

In a recent post, I outlined the Ten Fatal Mistakes that Business Owners Make. The first two mistakes are related, dealing with corporate formalities. Avoiding these two mistakes is fundamental to the success of your business. Mistake No. 1 – Failure to Set Up a Proper Business Entity Starting your business is an exciting event …

The Least Restrictive Means Possible

A recent study in The Economist notes that intangible assets make up 75 percent or more of the value of publicly traded companies. That number is likely higher for many small businesses, which often have very few assets other than their ideas, strategies, and relationships. That news should both invigorate and scare you. On the …

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