People produce new inventions every day. If an inventor wants to protect that invention, they may need to get a patent. But what if you invent something and cannot patent it? What makes a patent? A patent is a legal tool that grants an inventor rights to a product or...
Artificial Intelligence (AI) and Large Language Models (LLMs) are all the rage today. Writers use LLMs to generate text; artists use generative AI to create AI art. People from all walks of life are learning how to use AI to their benefit. However, behind the scenes,...
Open communication between the franchisor and the franchisee is essential to setting a franchise up for success. After signing franchise agreements, you must overcome business challenges together. Fulfilling your respective responsibilities is crucial in facing market...
Patent trolling is a destructive business practice, costing businesses millions of dollars in excessive charges and legal fees. Estimates say businesses lose more than $29 billion in out-of-pocket costs per year to patent trolling while spending over $60 billion in...
Each business can have unique strategies when using resources to operate and grow. Some may rely on their employees and financial capacities to expand, but others could depend on intangible assets, such as intellectual properties (IPs). Companies often go to lengths...
When business leaders in Florida think of what helps make their organizations and companies strong, they probably think of healthy balance sheets, strong employees and good management. There is no doubt that such factors are critical to success, but there is something...
In the world of franchising, the franchise disclosure document (FDD) can be a beacon of transparency and information. Yet, it can also be a daunting and confusing document. Whether you are a seasoned franchisor or a first-time franchisee, how can understanding the FDD...
Choosing a business structure is an important decision. If you are going into business for yourself, structuring your business as a sole proprietorship might seem to make the most since. However, if you have someone willing to go into business with you, there are some...
Registering a trademark is important, but trademark rights come, first and foremost, from use in the marketplace. In most contexts, the first person or business to use a trademark is the one who has the strongest claim to having the exclusive right to use it. However,...
For Florida businesses, the ability to protect their interests with a non-compete clause is imperative. This agreement prevents employees from working for their competition or opening their own business in the same industry in nearby areas until a certain amount of...
