Negotiations between businesses are all about managing risks because things can and do go wrong all the time. Looking ahead to potential problems means paying attention to your indemnity clauses.
We recently learned how damaging cyberattacks can be, especially to small- and medium-sized businesses that may not have the latest and greatest defense against online threats. One company appears to be paying the price in more than one way for an incident that left it struggling to recover.
Do you think your business is too small to attract the attention of information thieves? Think again. Small and medium companies are routinely targeted by cybercriminals, often because they don't have the same emphasis on security and the same level of watchfulness that larger organizations do. They also often lack the resources that large companies have to prevent cyberattacks.
The owners of an East Palestine, Ohio, business have filed suit against a Lisbon business for basically stealing their own subsidiary out from under them.
Your trademark carries a lot of clout -- for good or bad -- with consumers. That's why it's always worth protecting -- and why so many companies will go to court in order to defend their trademark.
If you're a small business owner who designs, manufactures or sells a product, there's a sobering reality that you need to face: The odds are very high that you will get sued sooner or later.
Investments are increasingly complicated to navigate, so it isn't unusual for both individuals and businesses to work with a financial advisor to achieve their goals.
Branching into the overseas market can be exciting, but it can also be fraught with new kinds of uncertainty, particularly where contracts are concerned.
As an Ohio employer, you probably know that the state considers employees who are working without a contract or who aren't under a collective bargaining agreement to be "at-will" employees. That means that you can essentially fire them for almost any reason that isn't discriminatory. In turn, the employees don't owe you any particular duty to remain on the job -- which means they can decide to simply quit for any reason.
When starting a business in Ohio, there are a lot of decisions to make, and owners have many hats they need to wear. One thing to keep in mind is to set up a good employee culture from the beginning and to put steps into place to help prevent employees, clients or vendors from suing.