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Many companies use non-compete agreements, also referred to as a non-compete covenant, so their employees can’t leave and work for a competitor. Although a contract like this can be legally binding, some aren’t enforceable or even valid. If you violate…
If you are planning on buying a business, then it’s important to do your homework regarding its present and future profitability. Some businesses look good on paper, but when you dig a little deeper, the picture may not be so…
Contracts are legally binding agreements, and, as such, violating their terms can lead to serious repercussions. But they’re often long and written in complex legal terminology that can be almost impenetrable to the layperson, leading to genuine confusion about their…
When you pour your time, hard work, and money into a business, you want to protect your investment in the best way possible. Sometimes that may means turning to mandatory arbitration to solve problems, instead of going through the traditional…
Owning a business is often a 24/7 job. Day-to-day operations may happen between 9 and 5, but the blood, sweat, and tears that keep it running are shed around the clock. While you continue to problem solve and strategize, you…
As an engaged employer, you have plenty of responsibilities to take care of. Creating, reviewing, and updating an employee handbook can feel like a low priority when you’re running or scaling a business. But it shouldn’t be. A strong employee…
As a business owner, you want your company to grow and adapt to the times, but you may feel uncertain about overhauling its legal structure. Changing your business entity is not as challenging as you might think, and, in many…
Developing intellectual property is an important step towards building a successful business. And while you might be concerned primarily about protecting your property, you should also benefit from it financially. That’s where licensing agreements come in. What Is a Licensing…
As your company grows and becomes more successful, the plans, needs, and goals that you had when you started might change. These changes could affect how well your company’s legal structure works. If your business’ legal structure has become a…
A review of state-level studies by the National Employment Law Project found that between ten and 30 percent of workers may have been misclassified by their employers as independent contractors instead of employees. These high numbers extend to North Carolina.…
