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As the owner of a company, you’re responsible for hiring employees who work under you. There may be many corporate layers, depending on the size of the business. A small business may just have an owner with support staff working under them, for instance, while a large...
When you enter into a contract with someone, you expect them to abide by the terms they’ve agreed to. If they fail to do that and you or your business suffers harm as a result, you can sue them for breach of contract. You may also (or instead) be able to take legal...
Paying after receiving goods or services is a common practice in most industries. Individual consumers and businesses alike often use credit to make purchases or take advantage of delayed payment arrangements. By offering credit and post-service payment options,...
Suppliers are crucial to business operations. Thus, it helps to have a contract with one to ensure they supply you with everything you need to run. Unfortunately, you may need to terminate this contract in certain situations and look for another supplier. Here are...
Running a business is not easy. With so many moving parts, it's easy for something to go wrong and for someone to file a lawsuit against you. Lawsuits can be costly and time-consuming, potentially ruining a business if it's unprepared to handle them. Here are some...
Venturing into the world of business can be exciting and frightening in equal measure. Whether you are crafting your business idea in your college room or simply looking to take an existing business to another level, getting into a partnership with a like-minded party...
Businesses are constantly making contracts. Without them, many businesses wouldn’t be able to last as long as they have today. However, even though written and verbal contracts are legally binding, many people breach them. Businesses may experience four different...
Fraudulent conveyance refers to the illegal transfer of assets from one party to another with the intention of depriving creditors of their legitimate claims. A transfer of assets can be made in various forms, such as gifts, sales or other arrangements that may not...
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...
In any business wherein you provide a service to another business or person, you expect to be paid for your labor and expenses. Fighting for payment from someone who refuses to pay, or says they cannot afford to pay you, is a hassle and has the potential to destroy...
