If two founders build software together without an agreement, they are joint owners of the copyright. Under US law, each joint owner can grant non-exclusive licenses to third parties without the other’s consent—and without sharing royalties.
[Author Name], “The Strategic Compass: Mastering Business Law for Entrepreneurial Resilience,” Journal of Business Law & Strategy , Vol. 1 (2025). End of Article business law for the entrepreneur and manager pdf
A written Joint Ownership Agreement specifying licensing rights, accounting, and dispute resolution. If two founders build software together without an
This article moves beyond basic “legal checklists.” It explores the deep interplay between legal structures and business strategy, focusing on four critical pillars: By the end, you will see the law not as an expense, but as a lever for resilience and competitive advantage. Part 1: The Foundation – Choosing and Governing Your Legal Entity The first major legal decision is not a tax election—it is a strategic choice about risk, control, and signaling. 1 (2025)
Beyond Compliance: Using Legal Frameworks to Create Value, Mitigate Risk, and Build a Legacy Introduction: The Law as a Competitive Advantage Many entrepreneurs view the law as a restrictive anchor—a collection of “thou shalt nots” that stifles innovation and slows growth. This is a costly misconception. For the savvy entrepreneur and the disciplined manager, business law is not a constraint but a strategic compass. It provides the rules of the road, the mechanisms for value capture, and the shields against existential threats.
The Strategic Compass: Mastering Business Law for Entrepreneurial Resilience and Managerial Excellence
| Type | Protects | Duration | Critical Action for Entrepreneurs | | :--- | :--- | :--- | :--- | | | Inventions, processes, designs | 20 years from filing | File provisional patent before any public disclosure or sale. | | Trademarks | Brand names, logos, slogans | Renewable indefinitely | Use in commerce first, then register. Monitor for genericide (e.g., “Xerox” as a verb). | | Copyrights | Original expression (code, writing, art) | Life of author + 70 years | Use work-for-hire agreements with contractors. Register before suing. | | Trade Secrets | Formulas, customer lists, methods | Potentially forever | Must have reasonable secrecy measures (NDAs, access logs, exit protocols). |