In the “Legal & IP Essentials for Entrepreneurs” course, you’ll grasp the critical aspects of legal affairs and intellectual property protection crucial for any business stage. Here’s what you’ll learn:
Embark on this module to shield your business legally and strategically, ensuring you’re not just playing the game but winning it.
The rule of law provides a framework for how to act and operate. It holds people, businesses, and governments accountable for their actions. For the entrepreneur, the law provides the rules of the game. However, many business owners view the legal framework as an onerous and costly expense. It is often a blind spot until they are in a legal mess.
While business owners are likely never to become legal experts, they must have a sound working knowledge of the laws that affect them and their business operations. Knowledge of the law is essential for small businesses, from the start-up phase, during the growth and scale cycles, and throughout the company’s life.
Each country has its own legal framework to regulate how business is conducted. The basic tenets are usually the same, especially regarding the use of contracts. Contracts will always play a significant role regardless of your business’s size or life stage. The protections offered by contracts are essential to the organisation, from negotiating commercial leases and employment contracts to vendor agreements. Entrepreneurs should use the law to minimise risk exposure and maximise their protection.
An important sub-set of the legal framework is Intellectual property (IP). It is an aspect of the law that every business, regardless of size, should protect. Often, start-up businesses are founded because the entrepreneur identifies a gap and develops a solution. There is, therefore, a definite incentive for small business owners to understand the basics of IP law.
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