The business world of sports management received a shock when it was announced that the Los Angeles Clippers, which were recently put up for sale after the racist comments made by owner Donald Sterling, were sold to former Microsoft CEO Steve Ballmer. The purchase price is reportedly $2 billion, making the impending sale the largest for an NBA franchise. In fact, the sale dwarfs the $550 million sale of the Milwaukee Bucks, made only several weeks ago.
When you think of the most valuable brands in the world, it may not be surprising that you think of a tech company. According to the market research firm Millard Brown, Google is the most valuable brand. The tech giant’s name recognition is worth an estimated $158.8 billion. Also significant is the fact that Google has leapfrogged Apple for the top spot. It is estimated that the value of Apple’s brand has fallen 20 percent.
Avoiding litigation may be more than just common sense for up and coming businesses and established enterprises alike. However, many businesses do not take genuine steps to avoid this despite the nature of litigation in today’s business climate. It’s no secret that legal disputes can be costly and disruptive, so business owners must be aware of the obvious, as well as the innocuous things, that could lead to a lawsuit. With that, we offer several tips that can help businesses avoid lawsuits.