As a small business owner, you may want to protect your business with a non-compete agreement. Essentially, you’re just trying to use this contract to protect your intellectual property. You need to train your employees and show them how to work at the business, and...
Quality Should Be Your First Consideration
Contract Law
3 issues to be aware of when looking to lease commercial property
If you have ever researched commercial lease law, you probably uncovered many sources telling you what to do when entering an agreement. Unfortunately, it is not so easy to find information about things to steer clear of in a commercial lease contract or situation....
What should go into a partnership agreement?
Making a partnership agreement is a very good idea if you’re starting a business with someone else. There’s no guarantee that things are going to go smoothly. If you decide to end the working relationship, the partnership agreement can help you understand how to do...
Understanding specific performance for settling a breach of contract
When a breach of contract occurs, the most common remedy is monetary damages. You may not realize that there could be other remedies for this situation. However, the options depend on the nature of the contract in question. In some situations, money will not provide...
When do businesses need contracts?
Contracts help businesses work successfully with different parties. These agreements have clear terms that are intended to protect both parties. A business contract should have essential clauses to achieve this goal. You need contracts in several situations. This is...
Your business partner should make the company stronger
When looking for a business partner, your goal should be to find someone who makes your new company stronger than it would be without them. Ideally, your partner will be looking for the same thing in you. This means that you don’t necessarily want to find someone who...
What is specific performance in a breach of contract situation?
There are various remedies available for you when a party breaches the terms of a legally binding contract. These remedies are meant to make you whole or, in other words, restore you to the position you would have been in had the breach not occurred. Specific...
Why bother with employment contracts as a small business owner?
Initially, your small business started out as a one-person operation. Due to the success of the company over the years, you needed to establish a team of employees to share the workload with. In fact, you’re constantly seeking to bring in new talent. Employment...
Should you use a non-compete agreement in your contracts?
Some types of businesses rely on non-competition (or non-compete) provisions to prevent employees from taking what they’ve learned about their methods and strategies or proprietary information to a job with a rival company and harming their ability to compete in the...
What makes a business contract fraudulent?
Contracts are the foundation upon which businesses, size notwithstanding, are created and operated. In fact, most businesses are founded by contracts. Still, businesses hire employees using contracts. But what happens when you learn that the contract you signed while...
