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In its most basic sense, a non-compete agreement is a legal contract put in place to prevent an employee from going to work for a competitor of his or her employer after leaving the business. Alternatively, and more formally, referred to as a covenant not to compete, this legal contract works as...

In the midst of the Coronavirus pandemic, stay-at-home orders and the closure of non-essential businesses are just a few of the measures that have been passed in an effort to protect the well-being of everyone. These same protective measures have, however, had staggering impacts on small businesses across the country. Closures and layoffs have...

In the midst of the Coronavirus pandemic, the U.S. has experienced a severe economic downturn that has hit communities and businesses hard across the country. Stay-at-home orders and social distancing guidelines have forced many small businesses to close their doors temporarily and, in some cases, permanently. There have been employee layoffs. In the wake...

Looking to buy an existing business is an exciting entrepreneurial adventure. Do not, however, let your excitement cloud your judgment or make you rush through this process. Buying a business is an investment. One of the best ways to protect yourself with this kind of investment is to do your due diligence....

Whether you are a service provider or a business hiring a service provider, you should be knowledgeable about what is in the proposed service contract. The service contract outlines the business relationship being established. It benefits both parties to be fully informed about what the service contract should include. The contract will...

Building a business is something to be proud of. You have likely poured time, money, and resources into your business. When the time comes to sell your business, you will want to do what you can to maximize its value and also to protect yourself. This requires advance preparation. What to Do Before Selling Your...

Buying a franchise can be a great opportunity. Entrepreneurs can shop around and see what type of franchise seems to be the right fit for them. With the right franchise, you can become a part of an already successful business set up with a pathway to profit that is shorter than starting a business...

The new year is officially in full swing and with that means more new laws coming into effect. One such law is HB 4390, which was signed into law by the Texas governor in June of 2019 and went into effect starting on January 1, 2020. The new law was the...

Starting a business is a substantial undertaking and one that is very exciting. There are so many businesses that develop each year. Many of them have big dreams and great ideas. Unfortunately, many startups end up calling it quits within the first few years. So, what happened to the entrepreneurial endeavors that...

While there is a wide range of business agreements that come into play when you are an entrepreneur, a business agreement often requires at least some negotiation in order to be finalized. This means you and the other party or parties to the agreement will have to work out all of the details of...