A common question I am asked it "what is the difference between a trademark and a copyright?" While both offer intellectual property protection, they protect different types of assets: [if !supportLists] * [endif]COPYRIGHT protects original works of authorship including "literary, dramatic, musical, artistic, and certain other intellectual works." For example, a business can copyright its books, reports, audio or video materials. [if !supportLists] * [endif]A TRADEMARK is a "word, name, phrase, symbol that distinguish goods and services from those manufactured or sold by others and to indicate the source of the goods." This means that a company can register a trademar
It is a good idea to have both limited liability protection and liability insurance for your business. Both liability insurance and limited liability protections help to minimize the risk of financial losses as a result of a lawsuit. It has been said that one in three small businesses are sued or threatened with a lawsuit, which makes proper planning and liability protections extremely important. What is the difference between liability insurance and limited liability protections? Limited liability protection comes from the proper formation and compliance that comes with the creation of certain business entities and separates the owners’ personal assets from the assets of the business. T
Non-disclosure Agreements (NDAs), also known as confidentiality agreements, are critical for many startup companies. A non-disclosure agreement is a legally binding contract between parties who agree to keep certain information confidential. “Confidential information” means information that is not readily available in the public domain. These agreements set forth the confidentiality restrictions for business partners, employees, independent contractors, potential investors and other people that may have access to valuable information about your company provided to them while discussing a potential business transaction. NDAs are a great way to protect a party’s confidential information but t
