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Lawyers must follow the Professional Conduct rules to act fairly and ethically when dealing with clients who already have another lawyer. For example, Ohio’s Rule of Professional Conduct 4.2 says lawyers can’t talk to someone they know is represented by another...
In a merger or acquisition, intellectual property is an important asset that plays a significant role in determining the value of a business. Intellectual property includes things like a business's trademarks, copyrights, patents and trade secrets. Businesses must...
Shareholder disputes can significantly impact the stability and growth of a business. In Ohio, where business dynamics are as diverse as its industries, understanding how to manage these disagreements is crucial for maintaining a healthy company environment....
When one business acquires another, consideration plays a key role in the transaction. This involves the exchange of value between the acquiring company and the target company and encompasses various financial, legal and regulatory considerations. Learning about...
On January 1, 2024, the Corporate Transparency Act went into effect. This significant piece of legislation aims to enhance transparency in business activities by requiring certain companies to disclose their ownership information. IBIS World reported the United States...
Facing a consumer lawsuit can be a daunting and costly experience for any business. To mitigate the potential impact on your company's reputation and finances, it is important to stay proactive and be prepared. 1. Understand your obligations First and foremost,...
A breach of contract occurs when one party involved in a business agreement fails to meet the specific terms and conditions outlined in the contract. When a breach occurs, it can disrupt the normal course of business operations, potentially causing financial losses or...
Many small businesses believe they do not have to follow federal labor laws. However, these apply to many small businesses, so owners need to know and consider them when establishing employee policies. Failing to follow them can result in thousands of dollars in fines...
Businesses looking to grow and expand often start the search for an ideal company to acquire. Once an ideal candidate pops up, due diligence plays a key role in a successful and beneficial acquisition. While the financials, legal aspects and intellectual properties...
As your business grows, you may find yourself expanding your team and hiring new employees. Some companies use written documents, including employment contracts, to regulate their relationships. Although an employment contract is usually not a requirement, there are...