It’s crucial to consult your business dispute lawyer before you even enter into a partnership agreement with someone. That way, you have the guidance and representation you need to proceed with a partnership knowing your rights and interests remain protected.…
A business succession plan should include various financial and logistical decisions regarding the person you want to take over your business when you retire, die, or if you become disabled. A successful succession plan requires choosing the appropriate successor to…
Many people start businesses and run them successfully for years or decades. But life changes, and so can your business. That's why it's important to have a clear plan for wrapping a business up. A solid plan can save you…
A partnership exists whenever two or more persons go into business together. A general partnership–one where the partners share all profits and losses–does not require a written agreement to exist. Of course, it is generally advisable to have one. Other…
Many people and entities form partnerships to do business together. No matter how amicable your business partnership is or how much you trust your business partner, a partnership dispute may arise. Contrary to popular belief, you don’t even need to…
Are you considering litigation a contract dispute? If so, it is crucial that you know whether or not your agreement contains a forum selection. It is a type of contract provision that is regularly included in modern commercial agreements. In…
Business partners are not always on the same page. Indeed, even the best of partners can end up in a serious dispute over an important issue. When a disagreement escalates to a full-blown dispute, it has the potential to cause…
In a comprehensive report, the Small Business Administration (SBA) notes that litigation risk is one of the biggest worries for the owners of small and mid-sized companies. This is an understandable concern: A business may face a lawsuit for a…
As anyone who has ever glanced over a business contract knows well, the language often reads as highly technical and redundant. Though it can make contracts more complicated, there is a good reason that contracts are drafted with legalese: an…
When a contracting party breaches an agreement, the injured party can sue in court for a sum of money to make up for the breach. In some situations, a party can seek specific performance, meaning a court order to force…