In an earlier posting I emphasize the importance of
preparing a strong Legal Strategy when starting a business. If you avoid
creating a legal strategy you may be faced with financial loses because of
Lawsuits standing from:
WRONGFUL TERMINATION
Many employers terminate employees and base their argument
on the “at will” concept. Although this practice is common in most Provinces
and States, lots of businesses are unaware of the intricacies of this law.
Ultimately landing them in court with heavy fines and back pay, which can be
avoided by following a few guidelines.
GUIDELINE
CLASS ACTION LAWSUITS
Discontent customers can ultimately file lawsuits base on
faulty products, services and promises. Avoiding class action lawsuits will
protect the image and branding of your company. The laws that dictate class
action lawsuits are so complex and vary from industry to industry. In an effort
to help you understand and give you some ideas to avoid a lawsuit, I will use
the Equipment Finance Industry as an example.
PATENT INFRINGEMENT
Technological companies are competing with thousands of
patents in the marketplace nowadays. Poor patent research and assurance that
they have a unique idea has a damaging effect on the company’s bottom line.
This misconception has trigger countless lawsuits for patent infringement over
the last decade. A good way of preventing these scenarios from taking place in
your future endeavors is by following a list of guidelines before patenting an
idea or invention.
·
Research your invention for any potential
infringement red flags
·
Don’t ignore others claim of a patent, it can
present unpredictable consequences.
·
Look for Patents you may be infringing upon by looking
up competitor’s products or calling them directly and asking for information.
·
Once you find products that relate to your
patent, begin to research for flaws that may cause those patents to be expire
or lack documentation to exist.
·
Contact lawyer in order to be certain that your
review of the patent did not leave any hidden facts to be left uncover.
OTHER LEGAL HEADACHES…..
This is a good start for a topic with many more items of
discussions, such as Tax implications, Immigration audits, contracts disputes,
and competitor’s disputes. I’ll discuss these
and other topics in further detail as we explore more about legal challenges.
Brodzinski, C. (2003). Avoiding
wrongful termination suits. National Underwriter, 107(41), 38-40.
Retrieved from http://search.proquest.com/docview/228519169?accountid=3455
Donnelly,James C.,,Jr. (2006). Avoiding
class action lawsuits concerning lease insurance programs. The Journal of
Equipment Lease Financing (Online), 24(3), A1-A11. Retrieved from
http://search.proquest.com/docview/214625956?accountid=3455
Neustel Law
Offices. (n.d.). Introduction on how to Avoid Patent Infringement.
Retrieved february 28, 2014, from Neustel :
www.neustel.com/patent-infringement/how-to-avoid-patent-infringement.aspx
Agree with your idea, and your blog looks very professional.
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