All LLC members may owe a fiduciary duty to the company. A fiduciary can be anyone from a trustee, executor, administrator, or personal representative. This means that all members are required to be trustworthy, act in good faith, and be honest. A fiduciary must put the success of and benefits to the LLC above individual gain.
Navigating the implications of registering copyrights and trademarks is complex as the Metaverse and NFTs evolve. More and more entrepreneurs, trademark owners, tech startups, and local business owners all over the world are studying and pioneering this new technology.
Entrepreneurs and business owners diving into this field must consider IP rights, registering copyrights and trademarks, protecting mobile apps from cloning, drafting licensing agreements, defending companies against IP infringement, and litigating lawsuits in state and federal court.
If you’re an entrepreneur, brand owner, local business owner or starting a tech company, you probably have lots of questions about the legal implications of starting a business. One of the first steps for any effective competitive barrier strategy planning and execution is to understand exactly what type of intellectual property the company has and desires to protect while also considering the projected growth of the company in the near future.
Patents can be tremendously helpful to the success of a business by protecting a business’s competitive advantage, unique selling proposition, and overall innovations, and require competitors to license the patent for a fee.
The purpose of a force majeure clause is to relieve a party from its legal obligations under a contract if an unexpected event like a natural disaster, terrorism, war, or government orders make the service extremely difficult or dangerous as to be effectively impossible. As government orders have paralyzed transactions with Russian-owned entities, more businesses are issuing a force majeure clause to partners and customers.
The materials in this website are intended only to provide background information about L.A. TECH & MEDIA LAW. Therefore, they are not intended to, and do not, constitute legal advice.
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