Disputes between a company and a former founder are not uncommon in Oregon and other states. Founders and creators of a company do not always stay compatible with the other leaders of the company as it grows and moves forward. A recent case in another state is an example how such events can occur and be resolved after the initiation of business litigation.
You have an idea for a business. You create a product, find funding, develop a market. Your business thrives. Now it’s time for you to move on to another venture. It’s time for you to sell your business.
In Oregon and elsewhere, a startup business is a special kind of new business enterprise that is usually marked by certain characteristics. It usually involves a venture that is technology-related and that has an exceptionally high growth expectation. It is usually based on a dream concept that is unique to its target industry and that may even intend to revolutionize the way that industry operates in some vital way or another. With respect to the legalities of business formation, a startup may be structured like any other beginning enterprise, but its founders will generally want to have a legal plan of action to establish legal structures that will someday accommodate capital growth through public offerings.
Oregon has its share of intellectual property disputes that arise in a wide variety of factual circumstances. One common area of business litigation involves disputes over royalty payments to artists, inventors and other claimants. These disputes often involve an entertainment setting where musicians, actors or writers claim that they are not getting paid their due royalties from a contractual relationship. Such claims are generally framed in terms of a breach of contract allegedly committed by the defending party.
Customer satisfaction is often a top priority for Oregon business owners. Without being in their customers' good graces, many companies may not hope to succeed. However, even successful companies can land in hot water when their customers believe that they have been duped. In fact, those customers could file lawsuits, but business litigation could get underway.