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January 2016 Archives

Common Mistakes in Commercial Letters of Credit

letters of credit.jpgCommercial letters of credit can be valuable tools for communicating assurance of payment, for securing assets and contracts, and for achieving mutual benefit for both parties to a sales import or export agreement. However, many submitted letters of credit suffer from fatal defects. It is important to understand some of the most common mistakes and errors in securing commercial letters of credit, as well as how to avoid making them.

Tech Startup Concerns Regarding Intellectual Property

intellectual property.jpgIntellectual property (IP) is important to a wide variety of businesses, especially to technological startups. If you are starting a tech company, consider taking certain steps to ensure the best protection of your IP and to avoid future business litigation.

Common Examples of Business Fraud

business fraud.jpgBusiness fraud is a serious issue that can have a significant impact on those affected, including other businesses. According to a survey conducted by PricewaterhouseCoopers (PwC), 45 percent of U.S. organizations have been the victim of economic crime in the past two years. Business fraud occurs when one party uses trickery or deceit in order to obtain value or to gain an unfair advantage over another party. When a business fraud is perpetrated by one business upon another, the financial consequences can be significant. Fortunately, companies that have suffered a financial harm because of fraud can often recover for the losses they have sustained by filing a legal action against the person or party that defrauded them. There are many ways in which a business can be the victim of fraud.

New 2016 California Employment Laws Employers Should Know About

labor laws.jpgWith the ringing in of the New Year, numerous legislative provisions go into effect that may affect the rights and responsibilities of employers and employees in California. The following are only some examples of important labor laws of which employers should be aware as we go into 2016.