Yes, as a business owner, you may be liable for injuries that happen on your commercial property. It is very important to understand this liability and the steps you can take to respond to potential litigation. That said, you are not necessarily responsible for every...
A broken contract leaves you with choices. You can ask for money, or you can ask the other side to do exactly what they promised. That second option is called specific performance. It sounds like the ideal fix, yet courts do not grant it freely. Knowing when a judge...
Entrepreneurs often encounter contracts that cover various aspects of running a business. These can be a lease for a building, a supplier agreement or a licensing deal. Regardless of the reason for the contract, it’s critical that the entrepreneur fully understands...
Handshake agreements are common in the business world. Many partnerships, vendor relationships and client arrangements begin with trust, shared goals and a simple verbal promise. At first, informal agreements may seem easier and faster than drafting formal contracts....
Mergers and acquisitions can create significant opportunities for business growth, expansion and long-term profitability. However, such transactions are often complex and carry substantial legal and financial risks. Whether you're selling your company, acquiring a...
Employment contracts can provide many advantages for employers, helping to legally define the relationship between employer and employee. This is much different than using at-will employment, where there is no formal agreement in place. For instance, at-will employees...
Commercial acquisitions sometimes center around companies buying up their competitors. There are many reasons why this happens, one of which is simply to limit competition in that space. By acquiring or merging with the competition, the parent company protects its own...
Businesses run on promises, in a sense. Those promises are often codified in contracts and other legal documents. Failing to keep those promises or commitments (“breaches”) can result in civil and possibly even criminal legal action. Two common types of breaches are...
As an entrepreneur, you believe in your business idea. You are excited to start your company, and you believe that it will be successful. At the same time, however, you know that starting a business is a risk. Many businesses do fail in the first few years. Therefore,...
If you are starting a business partnership, you may be worried about future disputes between you and your partner. You know this can be harmful for the business and that some disputes even lead to litigation. In an effort to avoid this, you may decide to find a...
