Many Oregon business owners employ the use of certain types of legal agreements to protect the interests of their businesses, including noncompete agreements. Frequently included as part of employment contracts, noncompete clauses are intended to protect the interests of the employer in the event that the employee leaves the company, lowering the risk of business litigation. This prevents a former employee from taking proprietary information to a competitor or disclosing information about the company.
Entrepreneurs often launch businesses motivated by the dream of working for themselves and doing what they love. It's an exciting step, but it's also prudent to move thoughtfully and carefully through the business formation process. It's easy to make mistakes or commit missteps during this time, but an Oregon entrepreneur can take measures to avoid legal and financial complications down the road.
One of the most important steps for an Oregon business is to protect its intellectual property through strong trademarks. Having trademarks in place gives a business legal grounds to pursue recourse in the event of any type of copyright infringement. Infringement is a particularly serious issue for companies involved with industrial design, significantly increasing the chance of business litigation.
When a person decides to start a small business in Oregon, that is only the first of many decisions he or she will have to make. Entrepreneurs are faced with many choices in the business formation stage, and of these involves deciding on the right type of business entity. This is a critical decision as it will affect how a business is taxed and other financial aspects for the future of company operations.