A material breach of contract, sometimes referred to as a “failure to perform” or “total breach,” occurs when one party to a contract fails to uphold the terms of the agreement in a way that renders the contract meaningless. In…
In some legal, business, or financial relationships, one party places their trust in another party to act in the first party’s best interests. These relationships are usually called fiduciary relationships. Someone who acts as a fiduciary to another has legal…
Running a successful business isn’t easy. Whether it’s a smaller business or a fortune 500 corporation, one of the biggest challenges, aside from being profitable, is managing the employer-employee mutually beneficial relationship. It’s not just dealing with varying personalities and…
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…