Closing a business deal remotely? Know the risks by Dickinson Wright PLLC

The onset of the pandemic has created rapid change in business practices, as companies move from in-person work to offsite locales. Accompanying this change has been a variety of new business ventures, products and services, as enterprising companies and individuals seek ways to bring innovations to the virtual business world.

But in their zeal to bring new products and services to market, are the best practices of the not-so-distant past, when in-person meetings were the norm, being forgotten? This is a good time to remind business deal makers and inventors — especially newer entrepreneurs and start-up companies — to follow a comprehensive check list to protect the ownership of their new products and services prior to disclosing them to a third party.

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