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....
You do technically have the right to reduce an employee’s pay as their employer. They may not be happy about it—and they may have preferred to get a raise—but that doesn’t mean you’re violating their rights. The amount you pay your employees is largely up to you, and...
For years, business owners regularly used noncompete agreements. These contracts restricted an employee’s ability to seek a different job—often stating they couldn’t work for the competition for a certain amount of time or within a specific geographic area after...
No matter how carefully you run your business, one employment dispute can throw everything off course. Allegations of discrimination, wrongful termination or unpaid wages aren’t just Human Resources headaches. They’re legal landmines that can entangle you in...
A well-drafted business contract does more than just finalize a deal. It helps you avoid unnecessary disputes and minimize legal risks while building trust with your partners and clients. Therefore, it’s important to carefully review any legally binding agreement...
Mergers allow businesses to grow, reach new markets or reduce costs. However, without proper preparation, they can also create unexpected problems. Before saying yes to a merger, it’s important to understand what you’re getting into. Here are the key areas to review...
