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...
Contract Law
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...
Timing issues could violate a contract
Many contract violations simply involve a delivery not being made or services not being rendered. A business may have put in an order from a supplier that never showed up at the loading dock, for instance. The contract is violated because the other party didn't...
What do you do if your employee violated a confidentiality clause?
As a part of your employment contracts, you make sure to have confidentiality agreements in place. You don’t want to spend all this time putting together your business plan and building up your brand just to have someone share your research and ideas with a...
What should you include in a contract?
Writing out a contract for a business means that you have to take the needs of the company into account, but you also have to think about the other party. These contracts can’t be one-sided, so they have to offer protection for both sides of the matter. If you’re the...
What might make an employment contract invalid?
All businesses require reliable employees to carry out daily operations. It’s not always easy to secure competent staff, but it’s certainly possible. When you’ve managed to do this, you want to think about different ways of making them feel valued and secure. You...
3 ways to reduce the chance of a contract dispute with suppliers
A supplier that fails you could ruin all the hard work you put in to build your business up. For example, you have a reputation for producing the best Italian-style pizza in town. If you cannot get the quality of flour, cheese, olive oil and other essential...
Money is not the only remedy for a breach of contract
While compensatory damages are the most common remedies following a breach of contract, they are not the only available options. Depending on the nature of your contract, other remedies may exist to provide you relief in case the other party breaches the contract. In...
The fundamentals of a sound employment contract
With every transaction we make, we are virtually always dealing with some form of contract. Generally, we do this without thinking, which is a sign that the contract may be working as intended. As a business owner, you rely on your employees to carry out the tasks...
How do you prove breach of contract?
When you enter a contract with another party, you expect them to execute their obligations as per the terms of your agreement. However, they may fail to do that in some cases without legal reasons, thereby breaching the contract. Given that the consequences of a...