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What Is a Non-Disclosure Agreement?

A nondisclosure agreement or NDA creates a legal obligation to privacy and compels those who agree to keep any specified information top-secret or secured. NDAs are common in many business settings, as they provide one of the most effective way to protect trade secrets and other confidential information. Information commonly protected by NDAs might include […]

What Does the TM Symbol Mean: Everything You Need to Know

by your business attorney and San Jose Estate Planning Attorney 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 […]

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 within that jurisdiction. That means the legal principle announced by a higher court must […]

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 save you a significant amount of money […]

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 Delaware corporations need to have a registered agent within the State of Delaware. If you […]

Which Open Source License Should a Developer Pick?

Software Technologist may have decided to provide open source software, but they may not know which open source license to use. This post describes three resources developers can consult to help make that decision. Open Source Licences Explained It’s important to note that there are no good or bad licenses, and that no one license is better than another. […]

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 Chairman of the Board. This is the board member who is chosen by the […]

What does “Its” and “By” mean on a contract’s signature line?

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  by your business attorney and San Francisco Estate Planning attorney 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 “title.” It is intended to designate what position the signer holds at the […]

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 state. Most States, Operating Agreement Not Required Most states do not require that an LLC […]