Articles Posted in Corporate-Business

Mergers and acquisitions are terms often used in the same breath, even to the point where we abbreviate them as M&A. However, while they both refer to the joining of two companies together, they are very different concepts.

Here, we’ll go over the differences between mergers and acquisitions and why you might opt for one or the other.

The Main Difference Between Mergers and Acquisitions

When it comes to resolving disputes, arbitration has often been touted as more cost-effective than litigation, and it’s generally true—at least as long as it’s handled properly. To get the most out of arbitration, consider the following tips and tactics.

Have a Clear Arbitration Cause

First of all, a clear arbitration clause is a vital aspect of keeping arbitration as cost-effective as possible. By establishing the details of how arbitration will be carried out in advance, you can prevent a lot of the back-and-forth that may occur if those details were left up in the air.

Business disputes can easily lead to expensive litigation. Using the right tactics before going to court can save you a great deal of time and money. Here, we’ll discuss some effective pre-litigation tactics to help you achieve a positive outcome in the event of a dispute.

Before Pressing Charges

Ideally, disputes should be resolved before they turn into full-blown courtroom trials. If it seems like litigation may be a possibility, consider these tips and tactics first.

At a certain point in your business’s growth, there may come the ideal time to form a corporation. To incorporate in the state of Illinois, you’ll need to follow some fairly specific steps.

Reasons to Incorporate

Forming a corporation has many potential benefits. Some of the main reasons it’s beneficial to incorporate include the following:

The amount of commitment involved in a business acquisition is substantial, and it’s important to know what you’re getting yourself into in advance. Thorough due diligence is vital, but at the same time, it needs to be focused on information that’s relevant to the transaction. Anything beyond that is ultimately a waste that could prevent the transaction from ever closing.

Here, we’ll discuss the most important information to ask for prior to completing a business acquisition.

Company Information

If you’re a small business with an invention, process, formula, or similar type of intellectual property, you may balk at the cost of patenting it. In some cases, keeping it as a trade secret may be a preferable option to filing for a patent.

Difference between Trade Secrets and Patents

Patents are official government licenses that give you exclusive rights to profit off of your inventions for a set period of time. It covers such items as manufacturing, reverse engineering, or selling your invention.

Protecting your company’s intellectual property is a top priority, but finding the best way to do so may be a challenge. When it comes to safeguarding inventions, one of the available options is to file for a patent.

Patents are granted through the US Patent and Trademark Office (USPTO) in order to allow you the exclusive right to produce, make, use, or sell an invention. They last for 20 years, during which those exclusive rights are legally enforceable.

Advantages of Patents

Some types of intellectual property have limits on how long they can be covered by IP protection laws. The length of time these protections last depends on the type of IP, such as whether it’s copyrighted material, patented inventions, or trademarks. The steps you take to protect them may also come into play.

Here, we’ll look at how long IP protections last for most types of intellectual property.

Copyrights

In the course of real estate transactions, funds are held in escrow in order to keep them secure and to protect the interests of the parties involved in the transaction. The process itself is governed by many rules, but it can be broken down into some basic steps.

What Is Escrow?

In it’s most basic sense, “escrow” refers to money being held by a third party (i.e. someone apart from the buyer and the seller) during a transaction. When someone buys a property, they place funds in an escrow account, and those funds are held there until the terms of the purchase agreement are completely finalized. Funds are released and the title to the property is transferred once the parties in the transaction fulfill the terms of the agreement.

The pandemic has prompted various companies to donate patents to research facilities and similar organizations in order to help combat the coronavirus. While donating patents to research organizations and universities can accomplish something truly good for society, it needs to be done responsibly.

A Chance to Do Something Good – If Done Wisely

Often, businesses will hold patents for inventions that they aren’t currently using or developing. They may not find it worthwhile to maintain these patents themselves, in which case they have the option of donating them to nonprofit organizations.

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