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...
As a business owner, you’re always looking for ways to expand your reach and improve your company. Recently, you’ve been talking to other local business owners, and you’re considering a merger. You and another business owner think that you would both be more...
Your business may be facing a lawsuit if a customer was injured on the premises. For instance, maybe someone slipped and fell in your store. They hit their head on the tile floor and suffered a brain injury. They now want to sue you to seek compensation for their lost...
If you own a business, you’re bound to eventually have some kind of dispute with another party – whether that’s a competitor infringing on your intellectual property, a former employee publicly defaming you or a client breaching their contract. Before you jump...
These days, every brand seems to be partnering with online influencers as a way to reach their target audience and boost engagement. However, the “Wild West” days of online influencing have passed. The Federal Trade Commission (FTC) has handed down rules that require...
Expecting another business to follow through on a contractual arrangement can lead to disappointments, operational setbacks and financial losses. Even when a written agreement is quite clear when establishing the obligations of each party, sometimes vendors, service...
There are certain behaviors by businesses that can make it impossible for other companies to fairly compete with them. Many such practices, like establishing a local monopoly by acquiring all competing businesses, violate state and federal antitrust laws. Sometimes,...
If you are considering opening a new business, getting funding can be one of the major hurdles. You can have a business plan and a vision for the future, but it is difficult to get there without the proper funding. One tactic that some business owners consider is...
A partnership agreement is essentially a contract that two business partners use to define their relationship. They’re starting a business together, but they need a framework for what that’s going to look like. Some business owners do skip this step, but that’s a...
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...
