{"id":561,"date":"2022-07-15T13:12:41","date_gmt":"2022-07-15T13:12:41","guid":{"rendered":"https:\/\/www.bbnc.in\/blog\/?p=561"},"modified":"2022-07-15T13:12:41","modified_gmt":"2022-07-15T13:12:41","slug":"7-legal-advice-you-didnt-know-you-need-for-business","status":"publish","type":"post","link":"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/","title":{"rendered":"7 legal advice you didn\u2019t know you need for business"},"content":{"rendered":"<div id=\"pl-561\"  class=\"panel-layout\" ><div id=\"pg-561-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-561-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-561-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>We every day hear so many stories of new business coming up, so many of them turn into unicorns, all of this gives us the temptation to start our own business, to create something which we\u2019re interested in as well as yield us some income too but are we aware of the fact that starting a business without getting legal advice can lead not only in drastic effects but even in its failure and we surely don\u2019t want that so you already know what to do - continue reading this blog.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d3cf087e5c0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d3cf087e5c0\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#Protect_your_Ip\" >Protect your Ip:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#Only_written_contracts\" >Only written contracts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#NDA_for_employees\" >NDA for employees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#Privacy_policy\" >Privacy policy:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#Licensing\" >Licensing:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#Dissolution_of_business\" >Dissolution of business:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#Importance_of_Professional_team\" >Importance of Professional team\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bbnc.us\/blog\/legal\/7-legal-advice-you-didnt-know-you-need-for-business\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Protect_your_Ip\"><\/span><strong>Protect your Ip:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For any business, protecting their IP is as important as any other operation of a business. Also, one needs to protect their IP, not in India or their residing country but also worldwide.<\/p>\n<p>Hence along with registering an IP in India, there\u2019s also an option of getting an IP registered globally. This can be done by applying for global IP.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Only_written_contracts\"><\/span><strong>Only written contracts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The business enters so many contracts during its lifetime and in these contracts so many things are discussed. Imagine what a mess would it become if all these contracts were oral, who would remember all the details. Also, oral contracts lead to more chances of dishonesty in business. Hence a proper contract should be drafted and signed duly by both parties. This would act as written evidence.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NDA_for_employees\"><\/span><strong>NDA for employees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are employees in every organisation. Thus, there\u2019s also a chance of them stealing your valuable IP assets and disclosing them to competitors, or starting their own businesses with your ideas. Hence, you\u2019ll need them to sign NDAs to keep company information confidential.<\/p>\n<p>The agreements should also include an acknowledgement that all rights to the inventions or copyrightable material created by them while working for your organisation are automatically transferred to, and owned by, your organisation.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Privacy_policy\"><\/span><strong>Privacy policy:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Often, we come across instances where even big companies are accused of sharing their client\u2019s data which generally includes their personal problems to third parties.<\/p>\n<p>Well just to be clear here, data leaking can cause serious trouble. \u00a0So, start clearly stating what all personal information clients need to share with your organisation and what would the organisation do about it and as obvious stop sharing anyone\u2019s personal data asap.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Licensing\"><\/span><strong>Licensing:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Licenses allow business owners to provide their customers, employees and other stakeholders with the confidence that the business is well run and its goods and services are trustworthy.<\/p>\n<p>However, acquiring licensing takes a considerable amount of time and the process is complex too and so many businesses avoids it but if the organisation want to stay on the safer side then all the licenses should be duly acquired.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dissolution_of_business\"><\/span><strong>Dissolution of business:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In India, there is a belief that whenever doing something important or purposeful don\u2019t think about its end and I\u2019m sure many business owners do the same while running their business but the dissolution of a business has many legal formalities which can\u2019t be avoided.<\/p>\n<p>Thus take my advice and set forth all the instructions, terms conditions and policies to be followed in any such situation.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Importance_of_Professional_team\"><\/span><strong>Importance of Professional team\u00a0 <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Having a professional team to take care of all the legal matters of your business would not just reduce your workload but also enable you to fully focus on the core activities of the business. Thus, we at BBNC would be a lot beneficial.<\/p>\n<p>We would take care of legal formalities, you can even consult our CA, CS and lawyer in case you need legal advice.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>I hope that reading my blog 7 legal advice you didn\u2019t know you need for business would have given you a clear idea about the legal advice which would be important for your business. If you need any help with legal issues of your company or need assistance with your incorporation, please feel free to contact us anytime at <a href=\"mailto:Info@bbnc.in\">Info@bbnc.in<\/a> Thank you for reading, we\u2019re always happy to be able to provide useful information on topics like this!<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>We every day hear so many stories of new business coming up, so many of them turn into unicorns, all of this gives us the temptation to start our own business, to create something which we\u2019re interested in as well as yield us some income too but are we aware of the fact that starting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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