Don’t be surprised if your relationship with your business partner breaks down. Some reports suggest that almost 70% do so eventually. Yet, before you look for an exit strategy, try to take a step back and consider a few things: Are your differences insurmountable?...
When you enter into a contract with another individual or entity, you expect them to deliver as per the terms you both agreed and signed against. However, it does not always work out perfectly. The other party might not meet your expectations, and it could cause you...
Forming a partnership is a smart way to split the responsibility of a business. Initially, it may seem like you and your partner agree about all important business factors and how to operate your new venture. However, as time passes, conflict can arise. To help...
Starting and running a business is typically an intense and all-encompassing experience. Sometimes it also involves calculated risks, including putting personal money into the endeavor. Ideally, it is best to keep personal and business assets separate, but sometimes...
Business disagreements arise from time to time. Often this involves a vendor or customer not fulfilling the terms of their agreement. The contract breach may involve a lack of services, payment, or not meeting the conditions outlined in the agreement. We talked about...
Effective and binding contracts are one of a business’s most valuable tools. A good agreement can create a strong foundation for a prosperous arrangement between the company and its vendors, customers, employees or another third party. Ones not strategically and...
Federal securities law dictates that publicly owned companies must issue financial reports. If litigation potentially affects the financial bottom line, the company should include that information in the report. Failure to do so can lead to fines, sanctions,...
Companies rely on contracts of all kinds to conduct business. Sometimes they may find that someone not part of the contract willfully and intentionally interfered with the agreement. This action can prompt the business that suffered damages to file a tortious...
The pandemic impacted practically every part of our lives. One issue that continues to challenge businesses is the difficulty in delivering goods and services as part of their contractual agreement. Supply chain issues, challenges in hiring and maintaining staff, and...
Even the most stable companies go through changes. It may be due to retirement, divorce, bankruptcy, or pursuing other opportunities. Business partners can plan for these inevitabilities, however, by including a buy-sell agreement alongside other essential business...
