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Showing posts with the label Entrepreneurs

Trade Secret Protection in USA

What is a trade secret? Well, in layman's terms, it is pretty much anything, that - is secret, the owner tries to keep it secret, and it provides the owner with economic benefit by reason of it being secret. A basic example is that of an email list. A business spends considerable marketing efforts in order to grow its email list. This is usually confidential information.   Now, if the list is stolen by a competitor, the business can sue the competitor in order to stop it from using the list or disclosing it or if it is already out in the open, then seek damages from the trade secret infringer. Related Reads: How to Grow Your Email List Fast Data Privacy Laws in India that Businesses Must Know of Impact of GDPR on Marketers in the European Union and Outside The trade secret law in USA is guided via two separate statutes – The Uniform Trade Secrets Act, 1979, as amended on 1985 and a federal statute called the Defend Trade Secrets Act, 2016.    Earlier the trade se

Business Laws Made Totally Simple - The Definitive Guide

So you've got the perfect business idea and wish to make a successful business surrounding the idea? Well, that would be great, provided you have a sound business plan , but a word of caution - you need to know the laws that govern your business domain. Now, it may seem really cut and dry, but hear me out. Suppose, you are in the manufacturing sector, you need to know laws relating to pollution if your business emits fumes or effluents. You might also need to know of the related laws in the labour sector so as to be sure you are not contravening any laws which can result in fines or even in other forms of prosecution. Even if you are in any other sector, I'd bet there are some laws that govern that niche and if you are not aware of the laws you can get prosecuted or even worse, you can get ripped off.  Keeping that in view, it isn't a surprise that 9 out of 10 startups fail . It isn't a surprise that lawyers nowadays make a killing! So, if you want to go ahead with your

Four Upcoming Labour Law Bills that Can Change India's Business Landscape

Article by Shivangi Tokas , Edited by Aditya Bhushan . India Inc. is ready once again. While it had fallen from the grace of the fastest growing country in the world due to the dual effects of demonitisation and COVID-19, the country might have just escaped its worst economic downturn and now seems to be pushing up. However while there still are problems , due to the US-China trade war, several manufacturing hubs seem to be leaving China and setting up business in India . But why did businesses leave out India and turn to China in the first place? Turns out the problem lay in the tax and labour laws of our country. And, while we made a significant improvement in the tax laws (related read: professional tax in India ), we still have a very old set of labour laws that are pushing India's manufacturing businesses in a very hard path - a path which prevents them from effectively competing with foreign businesses. But India has taken notice and has redrafted its compila

Impact Of GDPR On Marketers in EU and Outside

Article by  Laghima Jain  and Adhip Ray, Edited by Chinmay Jain . The General Data Protection Regulation (GDPR) of the European Union (EU) is a data governance law, providing the consumer’s control over their personal data. GDPR, the core of Europe’s digital privacy laws, is designed to reflect the digital world in which we are living and helps the laws and policies revolving around the personal data, privacy, and consent across Europe keep pace with the internet-driven era. It applies to the organisation operating within the EU and the organisation outside the EU dealing with the consumers and businesses in the EU. This article will provide you a touch-up of everything you need to know relating to the impact of GDPR on marketers in European Union.

How to Effectively Protect Your Start-Up from Hackers and Other Online Adversaries

Article by Julie Hughes of TurnOnVPN . Starting your own business can be exciting, but the road to becoming an entrepreneur is thickly sown with thorns. In the age of the internet, one of the biggest challenges start-ups face is cybersecurity. And while cyberattacks targeting government agencies and big corporations garner the headlines, it’s the tech-driven start-ups and small businesses that are often far more vulnerable to digital intrusion. Recent reports show that small businesses, including start-ups, are the target of 43 percent of cyber-attacks. The excitement around young, innovative companies creates a false sense of security leading to complacency towards cybersecurity. Most start-ups don’t even start thinking about cybersecurity until they are targeted. In this article, we tell you why you should take your start-up’s cybersecurity seriously and some proactive steps you can take to mitigate the risks. The Cost of a Data Breach For a large organization, a cy

Legal Troubles for Platform Business Models

Author Bio: Manan Daga is a law student at West Bengal National University of Juridical Sciences, one of the most premier law institutes in India.  You can connect with him on LinkedIn . Platform business models have become an integral part of start-ups, established businesses, and every other business line. They are growing all around us, from Facebook to Uber to even Tinder. The convenience it offers in setting up the business has made it an attractive option for many young, and even many experienced entrepreneurs. It becomes pertinent to delve into the legal aspect associated with such platform business models. In this paper, a brief introduction of the platform business model is given. Then, the legal troubles existing for these businesses are addressed. However, there are many kinds of platform business models, and it can be challenging to address each one’s legal troubles. So, a general analysis is given to cover all the platform business models. Apart from this, a d

Recent Trends in Mergers and Acquisitions in India

Article by Varsha Chamakura , Edited by Adhip Ray The concept of Mergers and Acquisitions (M&A) has attracted the corporate sphere all over the world. Mergers and acquisitions (M&A) activity in India is no different.  M&A culture in India increased over the years, after the removal of constrictive arrangements and liberalisation of the Indian economy. M&As are strategic tools that are used for the development of the economy.  This is done by expanding to low cost markets or emerging markets, especially those which have a high number of skilled workers or by acquiring well established corporate entities.  M&A culture in India has been prevalent since 2015, and has only become grown in popularity over the years.  M&As is most common in the sectors of Energy, Mining and Utilities, followed by Telecommunication, Consumer Durables and Pharmaceuticals. Related Read: An In-Depth Guide on Localisation of Your Business in the Indian Market What is a

What is a Business Model? And, How Yours Can be Revolutionary

Article by Eshani Jain . What is a business model? The term business model caught the buzz only a while ago but has been in use since ages. Business models have only recently, become so sophisticated. However the importance of a business model is only increasing day by day. Think – Uber. How does the world’s largest taxi company which doesn’t have to own a single taxi encounter losses each year? Well, the answer lies in its business model. Why did people keep investing at Amazon even after it kept on getting losses years on end? The answer’s again in its business model. And, why do some companies like Kodak get wiped out from the competition of consumer cameras even though it practically invented both the chemical and digital camera!? Yet again, the answer is in the company failing to understand its business model. It may seem hard to comprehend all of this right now, especially since you may not know much about the term, but let’s keep this in the back of our hea