Articles
What Does the TM Symbol Mean: Everything You Need to Know
A TM can also be used alongside an unregistered mark informing a potential infringer that a slogan, phrase, term, or logo is already claimed as a trademark. What is the meaning of TM Symbol? The TM symbol means "trademark" and is used to notify the public about a...
Legal Precedent Meaning
What is a Precedent? Precedent is a legal principle, created by a court decision, which provides an authority for judges deciding similar issues later. Decisions of higher courts (such as Appellate Courts & Supreme Counts) are mandatory precedents on lower courts...
Seller’s Permit vs. Resale Certificate In California
New business owners know that they need to collect sales tax on items that they sell, but they aren’t sure if they need a Seller’s Permit or a Resale Certificate. In California, this is an important distinction because while you might only need one, use of both may...
Starting a Delaware Corporation in California
For various reasons, many founders decide to incorporate in Delaware even if their principle place of business will be California. This is legal and commonplace, but there are some legal and practical points that the founders will consider. Registered Agent. All...
Difference between chairman and president in a Company?
United States of America perspective The President of a corporation typically is the most senior corporate officer (frequently also the Chief Executive Officer). The President typically reports to the board of directors. The Chairman is called, more formally, the...
What does “Its” and “By” mean on a contract’s signature line?
A contract signature block that looks somewhat like the following: NAME OF COMPANY SIGNING THE CONTRACT By: ___________________(signature) __________________(print name) Title: _________________ Date: _________________ Sometimes we use the word “Its” instead of...
Does an LLC need an Operating Agreement?
This post answers the following question: Is an operating agreement required? As is the case for many issues pertaining to limited liability companies, the answer varies from state to state. To answer this question, we need to examine the relevant statutes for each...
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