Having a good understanding of contract law principles allows an entrepreneur to intelligently read contracts drafted by others and effectively draft his or her own agreements. Learn some basic principles of contract law.
Most companies have some intellectual property worth protecting.
From product names and company logos to proprietary formulas and computer software, intellectual property laws help protect these and other valuable assets. Products Liability Products liability is the area of tort law which deals with a manufacturer's or seller's liability for injuries sustained by a purchaser, user or bystander as a result of a defective product. While retaining an attorney may be expensive, it may also help improve the bottom line. After all, an experienced attorney may provide good advice and help the entrepreneur avoid unforeseen liabilities. A host of wrongful criminal and civil acts may expose a business to liability.