An employment contract establishes the terms of a working relationship between an employer and an employee. While employment agreements vary based on industry and position, certain elements are essential for validity and enforceability. Below are key components that...
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BUSINESS & COMMERCIAL LAW – Business & Commercial Law
The fiduciary duties of major shareholders
While major shareholders generally don’t get involved in the day-to-day business operations, they do have a financial interest. They may also have a significant say in key big-picture decisions. Shareholders are also fiduciaries. This means they must act in the best...
Why draft a partnership agreement?
Few businesses can expand with only one owner. Businesses looking to grow tend to have partnerships (two owners or more). Nonetheless, the ownership share of partners, and their responsibilities, can differ. It is essential to outline the distinctions between...
How can you establish company culture after a merger?
Merging companies means that very distinct cultures from two different companies will come together. This can present a challenge for the owners and managers for a host of reasons, so it’s critical that everyone comes into the process with a clear understanding of...
3 reminders for individuals in partnership disputes
Business partnerships are based on mutual respect and a shared commitment to grow the company together. People who enter into partnerships typically have a good understanding of how everything will work between them, including who is in charge of what decisions. ...
How to protect your company’s sensitive data
Protecting a company’s sensitive data has always been important, but this is especially the case in the digital age. When data is leaked maliciously or unintentionally, it can cause the business financial and reputational harm. Outlined below is some useful...
3 alarming signs from a business partner
3 alarming signs from a business partner While you may have done due diligence to enter into a partnership with a reliable partner, they may change in the future. They may exhibit characteristics you didn't see before, which can potentially harm the business. Below...
How to legally defend your company from a hostile takeover
Hostile takeovers pose a significant threat to businesses, especially smaller companies with low institutional ownership. These firms often lack the money to fight off aggressive bids. Your company might draw unwanted attention from potential buyers if it has high...
What are the advantages of using employment contracts?
At-will employment is very common in the United States, and it means that employees do not have contracts. They simply agree to work at the business for a specific wage. But there’s no contract in place, so this relationship could end – by the will of either of the...
If you buy a business, does the owner become an employee?
In many cases, a business owner will leave after selling their company. For instance, maybe your company is in the process of acquiring a smaller local competitor. You are going to take over their operation, gaining access to their intellectual property, along with...