Fair competition between businesses levels the playing field and gives every company an opportunity to make a profit. Competition between businesses is legal, healthy, and usually fair, even though one party may suffer financial losses as the result of another business’s lawful actions. Reverse engineering of a competitor’s new product with the intent of creating […]
Read MoreIn Oklahoma, you can file a Class Action lawsuit when: There are multiple victims Their injuries are similar or the same The source of the injuries is the same person or group. Under the Oklahoma law code, civil procedures is a Title 12 topic. Under these statutes they define: Class – A group – such […]
Read MoreLegal businesses – LLCs and Corporations – are registered with the state of Oklahoma, which is one of the primary reasons why there is a legal process for closing them. The process is referred to as a voluntary dissolution, and the basic steps involved in closing a registered business in Oklahoma are as follows. Step […]
Read MoreThe Defend Trade Secrets Act is a set of laws recently adopted by the Federal Government that applies to trade secrets – a class of valuable tools that fall outside the federal protection under Trade Law. Before the Defend Trade Secrets Act Trade secrets were mostly handled on the state level before the Defend Trade […]
Read MoreA Fiduciary is someone who acts on behalf of the company. That definition can be a little loose, but in general, directors and majority shareholders are considered to have fiduciary duties. To help expand this definition we look at the different types of fiduciary duties that Oklahoma City businesses may use. Those include: 1. Duty […]
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