A sole proprietorship is a business that is owned and operated by an individual. This type of business is not incorporated and does not have any shareholders. The sole proprietor is responsible for all aspects of the business, including the financial risks and liabilities. A sole proprietorship is the simplest and most common type of … Read more
A patent troll is a person or company that buys and enforces patents against other companies, without actually using the patent themselves. Patent trolls are also known as non-practicing entities (NPEs). Patent trolls typically buy patents from other companies or from inventors who are no longer interested in developing or commercializing the patent. They then … Read more
An operational level agreement (OLA) is a formal agreement between two or more internal or external organizations that outlines how they will work together to support a shared business process or service. The purpose of an OLA is to define the roles, responsibilities, and expectations of each organization involved in the delivery of a shared … Read more
The Trusted Internet Connections (TIC) initiative is a cybersecurity initiative of the United States federal government. The initiative was launched in 2006 in response to the findings of the President’s Information Technology Advisory Committee (PITAC) that the internet was “not secure enough for the government to use for sensitive transactions”. The goal of the TIC … Read more
Antitrust refers to laws and regulations that are designed to promote competition by limiting the powers of monopolies and other large businesses. These laws are intended to protect consumers by ensuring that prices are fair and that businesses do not engage in unfair practices that would limit competition. What is an antitrust law in simple … Read more
