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Exclusive licensing agreements give one company the sole right to use, make, or sell a product or service. These deals can be beneficial because they encourage the company to invest in marketing and development. However, if not handled carefully, they can also break...
Noncompete agreements are an effective way for businesses to protect their interests, but they can limit your future job options as an employee. These contracts may stop you from working for competitors after you leave your current job. New York has rules about...
Artificial Intelligence (AI) can be a boon and a bane for employees and employers. It helps boost productivity and increase profits, but it also increases layoffs and liability risk. With such a double-edged value proposition, employers need to consider its impact on...
Many workers are unaware of the state and federal laws that protect them. This leaves them vulnerable to being taken advantage of by their employer. We see this all the time in instances of discrimination and harassment. Yet, many workers who are subjected to sexual...
Receiving a layoff notice can be a daunting experience, even for high-level executives. One of the first questions that could come to your mind is whether you are eligible for severance pay. However, severance pay is not always a guarantee. Your employment contract...
As a shareholder in a business, you have invested your time, money and effort into the company. Thus, you expect a fair return on your investment. However, when the majority shareholders take advantage of their power, you might find yourself facing oppression. It is...
Have you ever wondered about how businesses protect themselves? Fidelity bonds are one such safeguard. While beneficial to companies, they can also lead to complex legal situations, including litigation. Understanding fidelity bonds and why they might result in...
Equipment leasing works best for businesses looking for an upgrade but do not want to pay the hefty upfront costs. This approach is often flexible and effective, but only if the lease agreements are well-crafted. So, to ensure a smooth leasing experience, including...
It is important for young people to garner valuable experience in the workplace. Often, this is through summer jobs and after-school employment. Employers know that having younger people can bring an infusion of energy while simultaneously building a foundation for...
Employers are paying more attention to fostering diversity and inclusion within their businesses. Yet, discrimination at work remains a major problem in the United States, with 67,000 reported cases in 2020 alone. This figure clearly highlights a significant gap...
