Imagine spending months training a new employee. You share your client list, teach them your methods and trust them with your trade secrets. Then one day, they leave and start working for your biggest competitor. This scenario keeps many small business owners up at...
Business Litigation
5 things to check before you acquire a business in Ohio
Closing a corporate deal too quickly in Ohio can be costly. If you skip legal review, you may inherit debts or problems that reduce the value of your purchase. Buyers often take on contracts, employee obligations, and compliance issues, not just a company's assets....
Can lawyers talk to clients of other attorneys? Ethical tips
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...
3 steps to prepare for a consumer lawsuit
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,...
3 questions to ask when considering a merger or acquisition
There are several reasons to consider a merger or acquisition. Perhaps you are looking to expand into another area, you want to take advantage of tax incentives or you simply see a way to increase your assets. Whatever reasons you may have for considering a merger or...
How to protect your business’s trade secrets
If your company holds confidential data that competitors could benefit from using, you should be wary of trade secret misappropriation. Associates such as employees and partners could either divulge your trade secrets or use them themselves if you are not careful....
How to fight copyright infringement
Obtaining copyrights for your company's intellectual property may provide a feeling of security. With the law on your side, you now have options to protect the creative works that generate income for your business. Here are steps you may take if you discover someone...
Internal requirements and litigation
Businesses have a number of issues to consider when it comes to legal compliance, and these requirements vary depending on business structure, a firm's location and the nature of the industry. For example, businesses that sell food, alcohol or tires or provide certain...
When would litigation benefit you?
Ohio business owners like you have to prepare for disputes in case you ever deal with them. While no one wants to get involved in a dispute, the possibility exists for everyone working with partners, employers or employees. To this end, you must understand the dispute...
The complicated matter of business partnerships
At its best, a business partnership represents a potentially volatile situation that can strengthen or weaken a company. The dissolution of a business partnership often involves all of the tension and drama of a contested divorce. Many pitfalls exist in these...