Legal Considerations with eCommerce
The proliferation of commerce on the internet has not eluded the Turks and Caicos Islands. It is constantly evolving as more and more businesses are setting up shop on the internet. Over the past few years, we have seen lots of websites popup offering goods and services where customers can pay directly online. This fast-paced space means that the law is usually playing catchup, and businesses must be mindful that their operation is within the law. So, what are the top legal issues that attention must be paid to? Data Protection Data protection is king for online businesses. If you …
What Is Intellectual Property?
Intellectual property is a broad category that refers to the collection of intangible assets that a company or individual owns. These are legally protected from being used or implemented by anyone else without their explicit permission. A non-physical asset that a business or individual owns is an intangible asset. The idea of intellectual property is that certain products of human thought ought to be protected in the same way that physical property, also known as tangible assets, is protected. Legal safeguards for both types of property are in place in the majority of developed economies. Understanding Intellectual Property Given its …