You are moving closer to starting a new business, and you are trying to determine how to hire your initial staff. You have owned a business before, and one major issue you ran into was contract disputes. Your employees had contracts, and you had disagreements about...
When most people think about severance packages, they picture a conversation that happens only at the end of employment. It’s the meeting no one looks forward to because it follows an unexpected layoff, a sudden resignation or an organizational restructuring. Yet,...
Starting a business is exciting, but it’s also full of potential pitfalls. There are many things that new entrepreneurs can focus on, such as branding and product development. However, it’s also critical that they think about the less-common considerations before they...
Every business owner dreads a lawsuit. If your company faces a lawsuit from a disgruntled customer, it is probably second nature for you to want to fight back. But that might not be the best-case scenario for your business. Read more below about whether it is better...
You’re about to launch your business and congratulations are in order. But before you pop the cork, it’s important to already have an exit strategy in place. To some, this seems counterintuitive. After all, isn’t strategizing the demise of your company a harbinger of...
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...
