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Top Five Legal Issues Faced by Startups and Small Businesses

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  In today’s competitive business world, protecting intellectual property (IP) is of utmost importance. Two crucial forms of IP protection are patents and trademarks. Patents safeguard inventions and technological advancements, while trademarks protect brands and business identities. I. Patents: Fostering Innovation and Technological Advancement — Patents serve as a vital means of protecting inventions and encouraging innovation. A patent grants exclusive rights to an inventor or assignee, preventing others from making, using, or selling the patented invention without permission. By providing a temporary monopoly, patents incentivize inventors and companies to invest in research and development, driving technological advancements across various industries. The process of obtaining a patent involves conducting a thorough patent search to ensure the invention’s novelty and non-obviousness. A detailed patent application, including descriptions, claims, and drawings, must be drafted an...

Top Five Legal Issues Faced by Startups and Small Businesses

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In global and liberalized economy, there are immense possibilities for business to grow, especially when technological advantages are with us. Ambitious business owners who want to grow their business then with robust and farsighted business strategy,   legal services for business   are also imperative.   Legal services for business   not only secure business legally and financially but also helps business owners to grow their business in national and international market.  This blog aims to highlight top five legal issues faced by the business that can cause loss of revenue for business, loss of customers for business, bad reputation of business, production delays, inability to take on new work. All legal problems for small businesses and startups should be resolved with assistance of   top law firm .   Below are top five legal issued faced by business Employee Issues Intellectual Property Contracts Taxes Corporate Structure and Governance Top Five Le...

Impacts of Globalization and Technology on Business

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Today, where the world is amidst of fourth industrial revolution that is fundamentally altering business culture and socio-economic landscape across the world. Whether local or global business, globalization and technology transforming businesses in different scale, scope, and complexity.  Significantly, international business has evolved chronologically, where the world witnessed first industrial revolution (1760-1820) where water and stream power used to mechanize production; second industrial revolution (1871- 1914) where electric power used to create mass production; third industrial revolution in late 20th century where electronic and information technology used to automate production; fourth industrial revolution is continuation of third where technologies like artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies are being used in the business to enhance its operational efficiency, tr...