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Insights

Navigating the Corporate Transparency Act (CTA)

These are the essentials of the Corporate Transparency Act. Learn how to file your Beneficial Ownership Interest report with our easy-to-follow guide, tailored for both existing businesses and new entities.

What legal services do entrepreneurs need most?

So you’re an up-and-coming entrepreneur, you have ideas flowing out of your brain that are ready to burst into action. But where do you get started? You recognize that there are legal and financial requirements needed to get your ideas out of your head and into the world. That said, you’re an entrepreneur, not an attorney. Nobody expects you to be a legal expert, but you will need one on your side to get yourself started.

How to jump-start your business in the new year!

New Year’s resolutions are doomed to fail. Don’t get us wrong, we’re all for resolving to be better! Just not on the one day of the year when you’re quite possibly the most hungover.

LLC vs sole proprietorship vs corporation: which is right for me?

Congratulations, you’re starting a new business! Find out what business entity is right for you!

It depends on the agreement. Without clear terms, disputes often arise over whether the licensee or licensor owns enhancements.

They can be flat fees, per-user charges, or revenue-based percentages. Audit rights are critical to confirm accurate reporting.

Exclusivity can motivate partners but carries risk. If granted, tie exclusivity to performance obligations like sales targets or minimum royalties.

Selling transfers ownership permanently, while licensing allows others to use your IP under defined terms while you retain ownership.

Exclusivity can motivate partners but carries risk. If granted, tie exclusivity to performance obligations like sales targets or minimum royalties.

Selling transfers ownership permanently, while licensing allows others to use your IP under defined terms while you retain ownership.

Yes, but only if termination rights are included. Contracts should cover notice periods, treatment of unsold inventory, and customer transition plans.

They should state that your startup retains ownership of all IP, while the distributor only gets limited rights to sell your product.

Exclusivity can motivate strong performance but is risky if the distributor underdelivers. Consider tying exclusivity to sales targets.

A reseller agreement usually involves buying and reselling at a markup, while a distribution agreement often grants broader rights to market, sell, and support products in a defined territory.

Yes, but only if your agreement allows it. Ensure your contract includes termination rights and addresses ownership of tooling and designs so you can move production.

Include strict IP ownership and confidentiality clauses, use dual-language contracts, and consider arbitration in neutral jurisdictions to enforce rights.

Your agreement should outline inspection rights, rejection procedures, and remedies such as refunds, replacements, or penalties.

They protect your startup by setting clear standards for quality, ownership, liability, and delivery. Without one, you risk disputes, defects, and loss of control over your product.

They protect your startup from disputes over scope, missed deadlines, unexpected costs, confidentiality breaches, and liability for vendor mistakes.

In most cases, your startup should own the IP produced under the contract. Otherwise, you may only receive a license, limiting your rights.

You can, but vendor-provided contracts usually favor their interests. It’s important to review and negotiate terms that protect your business.

They are often used interchangeably. Both define the terms under which a third party provides goods or services to your startup.

Covered Entities can terminate the agreement, and regulators can impose significant fines for HIPAA violations. Startups risk both legal penalties and reputational damage.

Yes. If you use vendors like cloud hosts, analytics firms, or development shops that access PHI, they may need Sub-BAAs to flow down HIPAA obligations.

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