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Someone in your team comes and tells you there has been a contract breach. Maybe it’s your company accused of making it, or perhaps someone else has breached the contract you had with them. To understand how best to react, you first need to know a little more about...
Before employees leave their jobs, their boss may want them to provide two weeks' notice. The goal here is just to make the transition go more smoothly. The owner of the company has two weeks to conduct interviews and find a replacement, so the advance notice is...
Legally binding business agreements are supposed to be fair to all the parties involved, but that’s not always the case. Some clauses may tilt the balance too far in one party’s favor. These are collectively called “unconscionable clauses” because enforcing them would...
Terminating an employee can potentially cause conflict. Former employees sometimes allege that companies violated their rights by terminating them. They may file lawsuits against their prior employers. In some cases, they may also make unreasonable demands regarding...
Non-compete agreements are a type of restrictive covenant. Employers add non-compete agreements to contracts when hiring new workers. They require that the worker agree to avoid direct competition with the company immediately after leaving their job. Non-compete...
Contracts are legally binding agreements that lead to enforceable obligations between parties. When one party breaches a contract, it can cause financial injury, operational disruption or other damages to the non-breaching party. However, recovery of damages is not...
When running a business, contracts become an integral part of your daily work. However, parties to a contract may sometimes fail to hold up their end of the contract, leading to disputes and leading to disputes and potential financial losses or operational disruptions...
The agreements your employees sign should be clear. No clause or statement should be open to more than one interpretation. Ambiguity causes a significant percentage of contract disputes that can negatively impact a business. Here is what to know: Examples of ambiguity...
If you run a company that sells goods, then you probably rely on suppliers. These are other businesses that supply you with the materials you need to make or sell your products. An experienced supplier will typically deliver goods when you ask for them. They’ll honor...
The Federal Trade Commission estimates that one out of every five workers in the United States are bound by noncompete clauses in their employment contracts – but (barring successful legal challenges) that’s about to change. Noncompetes are, for all practical...