A financial advisor in Seattle, Washington, Geoffrey H. Garrett has years of experience as an attorney and beyond. In 2016, Geoff Garrett began applying his prior experience as by offering estate planning and trust administration services to his clients. Though seemingly daunting, small business law is an important subject for a prospective small business owner to know.
In general, business law refers to multiple fields. Business law pertains to laws involving contracts, taxes, intellectual property, and labor and employment. Staying informed regarding business law will help you avoid costly penalties, and take advantage of any legal advice you do receive most effectively. One important aspect of business law you should know is contract law. A contract is only binding if all parties understand its contents and agree to it. This is why you need an attorney to help you examine it and discuss its contents with other party’s attorneys. An oral contract is as binding as a written one, but an oral contract cannot be used in certain circumstances. You also need to keep intellectual property concerns in mind. If you do not file patents or trademarks for your logo, technology, or services, other companies can use them without repercussions. Consult an attorney specialized in intellectual property law to determine what, if any, of your goods and services can be protected with a trademark. Small business law also governs the customer-facing aspects of the business, like how the business protects customers’ data. You need to create a clear privacy policy that explains how your business will secure customer data, and if you share that data with other entities, how and why you will do so. Invest in antivirus software and other cybersecurity measures, and back up your critical files so that you are prepared for whatever may happen, whether a data breach or natural disaster.
0 Comments
Leave a Reply. |
AuthorGeoffrey Garrett - Washington Trust and Estates Attorney. ArchivesCategories |