A business partnership makes the creation or ownership of a business more accessible. Instead of trying to manage everything from financing to daily operations alone, an aspiring entrepreneur can share those responsibilities with someone else. Business partnerships...
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How to protect your rights in a business partnership?
Whether you are looking to start or expand your business, you could benefit from a business partnership. A business partnership is an agreement made between two or more parties to share the ownership and operation of a business for mutual benefit. Parties may be...
3 ways a business partner could breach their fiduciary duty
Business partners often have a close relationship with one another. They see each other regularly and have to trust each other to act in the best interests of the company. Their success and financial stability depend on not just their own commitment to the...
Calculating the financial impact of a breach of contract
There are several reasons why businesses facing a major breach of contract may decide to take legal action. Establishing clear expectations for parties that contract with the business can be a good reason to go to court. Employees, suppliers and service providers may...
Can you sue for breach of contract if an agreement was verbal?
Contracts enforce business agreements and personal transactions. Whether you’re finalizing a business deal, agreeing on a service or settling the terms of an employment agreement, contracts are essential. Sometimes, agreements are made verbally rather than in writing....
How can businesses resolve breach of contract disputes?
Contracts play a crucial role in most business operations. They help control costs and ensure that organizations have the materials and services necessary to function efficiently. Most companies protect themselves by signing contracts with employees, vendors and even...
Protect your company during legal battles
Business litigation is a reality many companies may face at some point during their operations. This legal process can stem from various issues, ranging from disputes with partners or competitors to compliance with regulations or contractual disagreements. The reasons...
3 ways the civil courts can help creditors recover unpaid debts
Attempting to collect on a debt is often a very frustrating process. Certain people may go to great lengths in their efforts to avoid their financial responsibilities. Businesses might find that someone stops answering phone calls when they commence collection...
What happens during a conflict about a non-compete agreement?
Many businesses require non-compete agreements when hiring professionals for well-compensated positions. Anyone who might have access to trade secrets or who plays a key role at an organization may need to sign a non-compete agreement when accepting a new job. A...
How can businesses fight defamation or disparagement attempts?
Businesses, much like individuals, largely depend on having a positive reputation with the local community to succeed. Once, direct communication was necessary to spread a rumor and ruin a company's reputation. Now people can disparage a company online in a somewhat...