The people who work for your company can help improve your business, but they can also devastate your long-term prospects. You probably have trade secrets, personal recipes or proprietary processes that give your products unique features that appeal to customers. When...
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Business Law
What are examples of fiduciary relationships?
Fiduciaries are people or organizations that act on behalf of others in positions that require honesty, trust and loyalty. They are ethically and legally bound to put their clients’ interests in front of their own. Their roles and duties often relate to managing a...
What is fiduciary duty?
A fiduciary is a person who acts in the best interests of others, performing a duty of trust and good faith. Fiduciaries are legally and ethically bound to put their clients’ best interests ahead of their own. Their duties may be to provide for others’ well-being and...
How can an employee handbook give your company a leg up?
As a Kentucky business owner, you may want to consider creating an employee handbook. A handbook serves as both a solid communication tool and a way for you to spell out your expectations for those who work for you. How can an employee handbook benefit your company?...
How can you handle contract disputes?
There are many situations when Kentucky residents may be dealing with contracts, including business owners hiring employees and residents signing leasing agreements. Regardless of what your case may be, you should know as much as possible about contracts. In...
Brand ambassadors may help businesses recover from bad press
Some business owners are always looking for new ways to spread the word about their businesses. Every opportunity for growth is one worth pursuing to these entrepreneurs. When businesses face financial challenges from economic downturns, collapsing industries or...
What to know about purchasing business assets vs. business stocks
The purchase or sale of a business is fraught with decisions that could mean the success or failure of the enterprise’s future. One of these critical choices is whether to purchase the business’s assets or its stock. It is crucial to understand which decision is...
What are some common startup mistakes to avoid?
Getting a startup off the ground is no easy feat. There are plenty of legal issues startup owners must navigate, in addition to developing amazing products, enlisting quality staff and making decisions about company marketing. Proper navigation of these issues can...
How can you enforce your trade secret rights?
As a business owner, you may have trade secrets that give your business a competitive edge over the companies that offer similar products. Consequently, maintaining the secrecy of these trade secrets is vital to your business and its success. But what remedies do you...
Can my new business’s former owner compete against me?
As you negotiate the purchase of your ideal business, prepare yourself for the possibility that the seller may move to another location in Kentucky and open a new, nearly identical company in direct competition with you. You can protect your new interests from the...