Franchising Your Business
A franchise involves an agreement by which one party (the franchisor) grants another (the franchisee), in exchange for money, the right to use its trademarks, trade names, certain systems and processes to produce and market a product or service according to certain specifications (the franchise). The process of franchising a business and becoming a franchisor […]
Franchises in Puerto Rico: Legal Considerations of Franchising a Business
Converting your business or business idea into a franchise in Puerto Rico by way of developing a franchising model is a favored strategy for businesses aiming to extend their reach and enhance their profitability, particularly in vibrant markets such as Puerto Rico. We offer a comprehensive range of franchising law services. Working with a franchise […]
Intellectual Property Protects your Company
July 21, 2022 In business, services or products are sold. When you enter the market with a new offer, there are probably already people serving the clients you are looking for and generally serving a similar need. If your business is successful in attracting customers, you will also attract competition – who sooner or later […]
Critical Questions to Address Before Deciding on a Business Opportunity
Purchasing a business opportunity or an established operation means you are acquiring a going concern or one to be. A business opportunity may mean purchasing a franchise, a licensed idea or a business conceot. You can also purchase an ongoing operation. An ongoing business is a viable alternative to a business opportunity that may be […]
Trade Name and Trademark in Puerto Rico: Two Closely Related Cousins
People often confuse a trade name with a trademark but while they are related, both mean different things. Here are the key differences. Trade name To legally start a corporation or a company you must file paperwork with the state and include your organization’s name. This name becomes your business’s official identification followed by the […]