When you are in need of a business attorney, it is very important to find an attorney who specializes in working with business clients, and has a good reputation. It is advisable to hire an attorney who has a significant amount of successful experience...

If your in research and development or mergers and acquisitions then there is no doubt you've been approached to sign an NDA. An NDA or Non-Disclosure Agreement is a drafted, legally binding contract between multiple parties that protects the...

LIFO is a common method for recording the value of inventory or merchandise. LIFO is an acronym for “last in – first out.” Utilizing this method of inventory, the newest merchandise would be available to the consumer. When restocking...

A trademark is automatically protected by common law as soon as you use your mark. The first entity that uses a particular name or slogan has a right to the use of such name or slogan. Many people like to place a “TM” next to their trademark;...

In order to enforce a patent, you need to make sure your patent is filed correctly and approved by the U.S. Patent and Trademark Office (USPTO) – only then will your rights be enforceable. You will also need to keep up with periodic maintenance fees...

Although the legal definition of fraud may vary, it is generally defined as “deliberate misrepresentation” or “deception” for personal gain. One of the most common types of fraud is defrauding people of money. Insurance fraud, security fraud,...

The Financial Accounting Standards Board (FASB) is a private organization whose responsibility is to establish and improve standards of financial accounting and reporting to educate and guide the public regarding financial information. These...

Contracts are legally binding documents that both parties are required to honor. When one or both parties involved does not hold to the contract, this is referred to as a breach of contract. There are several different types of breaches of contract,...

As of July 24, 2009, the federal minimum wage rate for non-exempt employees was increased to $7.25 per hour. The Fair Labor Standards Act (FLSA) contains the federal minimum wage requirements. In addition to federal minimum wage rates, some states impose...

A copyright is a specific law that gives an individual exclusive ownership over a literary, musical, scientific, academic or artistic work. This legal document entitles the creator the sole rights to publish, perform or sell their work. Under this...