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Non-competes, gray areas, and salvaging a failed purchase

Berkonomics

Let’s dive a little deeper and present some “gray area” scenarios to consider. And because there was consideration paid to you in the sale, that clause is binding upon you and is effective almost everywhere. Last week we introduced the subject of non-compete agreements. Now we add complexity to the issue: bankruptcy of the buyer.

Patents 120
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Non-competes, gray areas, and salvaging a failed purchase

Berkonomics

Let’s dive a little deeper and present some “gray area” scenarios to consider. And because there was consideration paid to you in the sale, that clause is binding upon you and is effective almost everywhere. Last week we introduced the subject of non-compete agreements. Now we add complexity to the issue: bankruptcy of the buyer.

Patents 120
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7 Reasons To Think Globally While Still New And Local

Startup Professionals Musings

At present, no world patents or international patent process really exists, so you need to apply in every relevant country. Trying to get patent protection worldwide at the beginning is prohibitively expensive, so pick your geographies and timing carefully and strategically.

Patents 106
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Ten Slides Make a Killer Investor Presentation

Startup Professionals Musings

As a member of the local angel group Selection Committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! Every startup needs both a business plan and an investor presentation, completed before you formally approach any investors.

Slides 94
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7 Strategies To Prepare For Global Market Challenges

Startup Professionals Musings

At present, no world patents or international patent process really exists, so you need to apply in every relevant country. Trying to get patent protection worldwide at the beginning is prohibitively expensive, so pick your geographies and timing carefully and strategically.

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Every New Venture Needs A Product And A Business Plan

Startup Professionals Musings

It allows all members of your team, including marketing, support, and sales, to size and build the business plan processes they need to find customers, deliver, and maintain grow the business. The customer pain point must be defined before the solution is presented, so it doesn’t look like you have a solution looking for a problem.

Product 112
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6 Success Stages Every Entrepreneur Idea Has To Pass

Startup Professionals Musings

File at least a provisional patent and one or more trademarks. Pitching” is the insider term for presenting your product idea to people who could conceivably buy it or fund your efforts. Relevant questions include the type of business entity (LLC or C-Corp), licensing or manufacturing, sales and marketing, and staffing.

Ideas 136