Producing or acquiring intellectual property can give a business a competitive advantage. Original creative works can be useful for branding or can be sources of revenue. Trademarks can help companies establish a loyal customer base by becoming easily recognizable....
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How estate planning can help protect a family farm
Running a successful agricultural enterprise is no small undertaking. Farmers are often at work from before the sunrise until well after it sets. They have to handle everything from dealing with animal incursions to working on malfunctioning equipment. Even those who...
New business owners may fall victim to this copyright myth
Protecting intellectual property is very important for businesses. Whether an organization is a small sole proprietorship where the owner publishes their own works of fiction or a plumbing company that paid a local musician to write a jingle, those intellectual...
What are mergers and acquisitions in business?
Companies evolve, markets shift and strategies adapt to these changing factors. Businesses may respond to such change or proactively seek growth through mergers and acquisitions. Mergers and acquisitions are common business activities, yet they're often misunderstood....
3 ways the courts may resolve a breach of contract issue
Those who own, manage and/or operate a business have a lot of day-to-day responsibilities. They generally need to ensure the smooth continuation of basic business functions, which typically requires that they negotiate effective contracts. Employment contracts help...
Do you know the consequences of a felony DWI?
A felony DWI is a serious charge that you could face in Minnesota if you are accused of drunk driving. A felony DWI is usually charged when a person has a history of impaired driving-related issues, such as a fourth DWI in 10 years, a previous DWI felony conviction,...
As your company grows, it needs protection from transitions
When a company only has one person in an executive or ownership role, that individual controls everything about the company ultimately. That person will often have certain systems in place to ensure the continuity of operations if something happens to them, as they...
Why should your attorney review your business and sales contracts?
If your business is growing and you’re creating more contracts with new people, it’s time to talk to your attorney and to have them review each and every one of those agreements. After signing off on so many arrangements, you may think that you no longer need the...
3 issues you should address in your partnership agreement
Finding someone with whom you want to go into business can be a stroke of good fortune for both of you. You can combine your resources, experience and talent to build something special and hopefully profitable. Though you may currently see eye-to-eye on most...
Farmers have unique needs for business succession planning
Agriculture is one of the most unique and demanding professions that a person can pursue. Farmers are at the mercy of the elements. They may have to go out in the middle of the night to take care of livestock when a predator encroaches on their property or get up...