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10 Critical Clauses for AI Vendor Contracts
At a Glance AI contracts provisions are business-critical. Ownership, training rights, and data use terms can shape, or sink, your competitive edge. The AI Addendum is where the real protection lives. Your MSA won’t cover what matters most. The Addendum should....
10 Critical Clauses for AI Vendor Contracts
Before signing contracts for generative AI tools in your business, understand legal, IP, data ownership and indemnity risks. Here’s what every company needs to review.
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Facing increased pressure from investors, Uber’s beleaguered chief executive, Travis Kalanick, resigned on June 20 from the ride-hailing giant he co-founded. While Kalanick had already announced plans to take an indefinite leave of absence for family reasons, a...
Most entrepreneurs spend years dreaming of being their own boss and escaping the grind of the 9-to-5 life. The problem for many, though, is that they don’t have an innovation or unique skill around which to launch a new business, but they still crave the small...
All too often, new businesses fail to realize just how valuable their intellectual property is. When it comes to valuing your business, you probably think first of your tangible property, like your physical place of business, your equipment and inventory, and your...
When it comes to financing startups and emerging companies, many people mistakenly equate angel investing with venture capital financing. While both are popular means of funding new businesses and provide much needed capital for companies that are strapped for cash,...
Venture capital is a term that’s frequently thrown around when the discussion turns to getting startups off the ground. While most know that it’s a source of funding, fewer people are familiar with exactly how venture capital financing works. Venture capital is a form...
This article was recently published on The Freelancers Union blog. Being a freelancer is so exciting and gives you the type of freedom you just can’t match by being a traditional employee. But working for yourself also comes with formalities and responsibilities that...
Protecting sensitive company information should be a top priority for any business, but it’s particularly critical for small online businesses that might be susceptible to hacking and other cybersecurity threats. Vigilance is the key, in terms of both your day-to-day...
When it comes to backing start-ups, investors and venture capitalists want to believe they’re investing in the next big thing. This is especially true in the case of tech start-ups and companies who are creating innovative products. In short, investors want to know...
We get it – extra cash can be hard to come by when you’re trying to get your new business off the ground. It can be tempting to cut corners to save a few filing fee dollars, and unfortunately that leads too many entrepreneurs into the trap of relying on automated...
When it comes to starting a business, amassing the necessary funding can feel like an uphill battle. For that reason, some startups naturally consider branching out beyond the traditional forms of investment to get funding wherever they can find it. One such...
Many people think of business value as being made up of your tangible assets, things like profits and equipment and real estate. While that may have historically been true for most traditional brick-and-mortar businesses, many of today’s startups and emerging...
Entering into a new business partnership is an exciting prospect for any entrepreneur. And while it would be great if all businesses were successful, the reality is that many fail for reasons that are avoidable. Before things get off the ground, you should consider...
For many emerging companies, the most valuable assets are ones that aren’t tangible. It’s easy to think of property as only the physical things you use to build your business. In reality, though, the most important building blocks for your company are usually the...
It’s an exciting day for any entrepreneur when the time comes to officially turn yourself into a business. There are many benefits to forming a single-member LLC, including favorable tax implications, limitations on personal liability, and minimal regulatory...
So, you’ve decided to form an LLC and turn your dream into a legitimate business. By now, you’ve probably read lots of advice on the steps to you need to take to make your LLC official, including drafting an Operating Agreement. Most resources, however, don’t give you...
Once your business starts to take off, it’s natural to want to share your success with the people who have helped and supported you along the way. One popular way to do this is through the issuance of stock options. Offering equity to your employees can benefit your...
In an ideal world, employment relationships would be non-contentious. In reality, what began as an amicable arrangement all too often devolves into disagreements and disputes. The best way to protect yourself from potential future conflicts is to enter into an...
Meet This Month's Hot Entrepreneur! Meet Sal Mughal, founder of KSMK Group, a top contract manufacturer of nutraceutical products like vitamins and sports supplements. KSMK prides itself on two things, taking special care of their customers and creating the most...
If you’re a new business considering incorporating in New York State, chances are you’ve heard of the state’s infamous publication requirement, which mandates that new corporations to place fairly costly ads in traditional newspapers informing the public of their...
Here at Gouchev Law, we’re dedicated to advancing innovation by providing our clients with top-notch corporate legal advice. Our firm prides itself on helping creative, dynamic companies achieve success. We were thrilled to learn recently that our efforts haven’t gone...
Incorporation is an exciting step for any up-and-coming business. One of the first questions many New York companies ask is whether they should incorporate in New York or Delaware. Chances are you’ve heard there are advantages to incorporating in Delaware, but you’re...
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