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Many small business ventures get their start as a default general partnership. Two people come up with a great idea for a business, draft a quick business plan and get started. The problem is that many of these businesses fail because the partners were not compatible. Sometimes they both have similar skills and weaknesses, and other times one of the…
While some tech startups have a goal of developing their own innovative intellectual property (IP), the process can be expensive, complicated and lengthy. The successful use of IP is crucial to every startup; however, it is not vital that your company develops its own. You can also license a third party’s IP. What makes licensing an attractive IP strategy? If…
We are living in uncertain times here in 2021, but companies can face adversity at any time. How business partners (either in business together or have a working relationship) handle these challenges will often be the difference between flourishing and the worst-case scenario of floundering for a while or closing up shop. Regardless of the business, companies must remember that…