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Describe the purpose of a buyback clause

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Reference no: EM132361065

Part - 1:

1. What is a founders' agreement? Describe the purpose of a buyback clause and why it's important.

2. Discuss three main reasons people decide to become entrepreneurs and four main characteristics of successful entrepreneurs.

3. Explain what a feasibility analysis is, its purpose, and the two primary issues to consider when completing this analysis.

4. Explain what an industry/market feasibility analysis is, its purpose, and the two primary issues to consider when completing this analysis.

Part - 2:

1. What are the four (4) primary day-to-day challenges involved with growing a firm? Briefly describe each challenge.

2. Describe the term "liability of newness" and suggest several ways that a new venture can overcome this handicap.

3. What is intellectual property? Why is it called "intellectual" property? Why is intellectual property such an important issue for entrepreneurial firms?

4. Identify and briefly describe the three types of patents. Include an example of each.

Sources must be cited in APA format. Your response should be four (4) pages in length; refer to the "Assignment Format" page for specific format requirements.

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This assignment was focused on answering some of the essential questions related to entrepreneurship to make sure that the viable details have been recollected and it is being understood about the decision of entrepreneurs to become one. The discussion also focused on some of the aspects of innovation and intellect property laws as well.

Reference no: EM132361065

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