YourEcomLaw

How To Use Your Patents

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Having patents will add value to your business, however, knowing how to use your patents will provided even more value. As most social media people say “passive income.” Using your patent is a businesses form of “passive income.” SUMMARY Know the value of your idea. Everyone wants to use your idea… license it to them, … Read more

Design Patent Business Consideration

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Now that there are a lot more e-commerce businesses, there is a lot more competition for each product. Most new businesses are looking for the popular product and trying to create one similar to it. In addition, they may want to design a product similar to a popular brand as an easy way for the product gain popularity off the backs of those designs that are already popular. Thus, it will be important to have an understanding of general design patent business considerations.

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Utility Patent Business Considerations

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As you build your business, I hope you pay particular attention to the utility patent business considerations. Utility patents may be the one of the most important things you will need for your business. This will help you control a new market that you are developing. SUMMARY Increasing the value of your business Don’t allow … Read more

Product Choice Considerations

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This article discussing some product choice considerations. Are you having trouble deciding whether to start with drop shipping, OEM, or ODM? SUMMARY Drop shipping is relatively cheap as the business will be the middleman and have no products. See Drop Shipping Pros and Cons. OEM products may require the business to hold inventory and purchase … Read more

Intellectual Property

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There are four main types of intellectual property that may apply to your products: Patent Trademark Copyright Trade Secret This will be very important to think about as your create and design your product. If done early in your product life-cycle, it will greatly improve the value of your business. PATENTS A patent is a … Read more

Negotiating Contracts

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Negotiating contracts may be difficult and should seek an attorney for assistance if you are unsure about the terms your are negotiating. There are usually two areas in negotiating contracts: 1) business terms and 2) legal terms. The ability to negotiate is usually dependent on the leverage the business has over the other. SUMMARY Negotiation … Read more

Creating Your Creatives

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A creative is an original ideas that is created. Media will have many creatives. SUMMARY For an e-commerce business, there will be many creatives for each of your products. For each creative, intellectual property ownership and infringement will be a large issue. TYPES OF CREATIVES Creating your creatives for e-commerce deals with videos, images, sound, … Read more

Sales Contract Basic Terms

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It is important to know the sales contract basic terms. This article will list many common contract terms. SUMMARY Make sure to be familiar with each term of the contract means. You should seek an attorney for advice if you do not understand the contract. OFFER, ACCEPTANCE, AND CONSIDERATION Sales contract basic terms have an … Read more

Types of Businesses

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There are many reasons to set up a business entity before starting to sell products. This article will explain the different types of businesses. SUMMARY There are 3 main entities: C-Corp, S-Corp, and LLCs. A business may be considered a sole proprietorship or partnership without the proper filings. See CONSIDERATIONS OF BUSINESS TYPES. CORPORATION Corporations … Read more