There are several different types of clauses that can help strengthen a contract and protect a business that is negotiating with another party. Restrictive covenants, severability clauses and other custom contract inclusions can help protect both parties signing a...
Starting a business is a risky undertaking. Entrepreneurs have to invest their time and money. They may have to leave a well-paid job or decrease the amount of time they work as they focus on starting a new organization. Entrepreneurs may also be responsible for the...
As an entrepreneur, one of the most important things you can do is analyze your competition. For one thing, you need to do this as part of a market analysis. You need to know what competition you face in that industry and in that geographical region. This helps you...
When another party signs a contract with your business, you fully expect that they will uphold that contract. They have agreed to do so and are legally obligated to follow through on that agreement. But contracts are breached all the time. For instance, you may order...
Businesses and individuals struggling financially may have the option of filing for bankruptcy. Bankruptcy can lead to the discharge of certain debts. It also typically halts collection activity. The courts usually grant an automatic stay to the party filing for...
Buying into a franchise can provide turnkey business opportunities for entrepreneurs. Instead of a slow grind to create a market niche and develop a brand, the franchisee can tap into an existing market for a brand already trusted by consumers. The franchisor offering...
Choosing the type of business structure to establish is one of the most important decisions that an entrepreneur may make. Those intending to run their own organizations frequently select sole proprietorship as the type of business they operate. Entrepreneurs may need...
Contract disputes can be handled in a number of ways. Sometimes the answer is obvious, but sometimes it is far from it. Too often, people or businesses zone in on the issue of the breach and who is right or wrong, while forgetting to keep the overall picture in mind....
Contract breaches fall into numerous categories. Nonperformance is among the most common breaches that occur. One party fails to complete a project or to deliver materials as required by a contract. The non-performance of one party does not automatically invalidate...
Business litigation often relates to contracts. Business leaders often need to take legal action in cases where employees, vendors and other outside parties breach a contract. Other times, litigation may be necessary to protect a company's ability to fairly compete....
