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Saturday, December 21, 2013

Legal pitfalls that can sink your business

Ateneo Professor on Entrepreneurship
 
From Intuit | December 19, 2013

Commercial laws govern our trade, commerce and business.  In US particularly, intellectual property, copyright laws rather than property rights are stricter as provided for in the constitution of US.  Thus businesses must be wary, must be careful when it comes into law, regulations and its violation.  Litigation costs money and damages can be punitive.

The four areas that businessmen should be concerned:

1.  Intellectual property rights,

2.  Equitable enforcement of HR/labor policies

3.  Use of creative assets

4.  Handling disputes on your own

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