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Uber v. Google lawsuit has new drama

If you have not heard, Uber and Google are currently waging a massive legal battle against each other over the alleged theft of company secrets. The story goes like this: Anthony Levandowski was a big engineer at Google, working on a self-driving car project under Google's parent company's self-driving business, Waymo. But he left the company to start his own self-driving company, which was eventually snapped up by Uber for roughly $700 million.

How do breach of contract lawsuits get resolved?

Most companies are going to, at some point in their existence, rely on other companies to push their company further towards success. When two or more companies come together to form an agreement, they will do so under legal circumstances. They will form a contract, and then the parties involved in that contract will be obligated to fulfill their responsibilities going forward.

Selecting a business type, and why it's important

One of the most important decisions you will make as an entrepreneurs and a soon-to-be business owner is not what your product or service is. Nor will it be your company name or your social media footprint. In fact, your most important decision won't even be who you hire as your first employee. Instead, one of the most important decisions you will ever make will seem like a relatively simple one: what is your business structure?

Non-competes and legal scrutiny

Companies want to protect their interests, and employees want to have assurances of their employment. These area two truths about the world of business. One of the ways that these things are maintained is non-competition agreements, often called NDAs (for "non-disclosure agreement"). A non-competition agreement prevents an employee or prospective employee from passing on critical information or trade secrets to competitors if they were to move on to a different company. It also forces a company to give the employee something in return, which is usually a job.

Protecting your trade secret a vital step

Many companies owe their success to a trade secret or a piece of information that very few people know. Trade secrets are things such as the Colonel's secret spices at KFC or the recipe for Coca-Cola. These are pieces of information that are generally not known -- at least not precisely. And their value is derived from the fact few people know the specific secret.

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