LEGAL ISSUES Starting Your Business. You’re the Boss You have just started a fast and affordable flower delivery service. You have come up with a spectacular.

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Presentation transcript:

LEGAL ISSUES Starting Your Business

You’re the Boss You have just started a fast and affordable flower delivery service. You have come up with a spectacular design for your new logo and slogan. A friend suggests that you protect the desirable logo and attention a grabbing slogan. What do you do?

Objectives Know the definition and difference between patents, copyrights, trademarks and service marks Know the definition and difference between patents, copyrights, trademarks and service marks Identify laws that pertain to the starting or running of a business

PROTECT YOUR IDEAS! PatentsCopyrights Trademarks and Service marks

PATENT A grant to an inventor that gives the exclusive right to produce and sell an invention 21 years Qualify under Patent and Trademark Rules (see. P. 122) File disclosure document Patent-Applied-For status Patent-Pending

COPYRIGHT Similar to patent, except it protects original works of authors Books, movies, musical comps, computer software Put © on your work Register with Copyright Office Life +50 years Public domain – can be used free of charge

TRADEMARK or SERVICE MARK Word, symbol, design or combination that a business uses to identify itself or something it sells. Provides legal protection Held indefinitely unless becomes part of English language

Categories of Laws you should be aware of before you start your business

Permits and Licenses From local government Renewed annually Fees depends on earnings License requirements depends on profession and your state

CONTRACT Binding legal agreement between two or more persons or parties

Agreement: Offer and acceptance Consideration: Exchange for the promise (money for service) Capacity: Legal ability (adult, sober, sane, etc.) Legality: Activity must be legal A legal contract must have…

Location Selection Zoning Laws Building Codes Leasing

Zoning Laws Residential, commercial, industrial, public Environmental issues (waste disposal) Size of building Type of sign

Building Codes standards of construction or modifications

Lease Contract to use facility or equipment for specified time Lessee (person to whom property is leased) Lessee (person to whom property is leased) Lessor (person who owns property) Lessor (person who owns property)