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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...
When first launching your company, you believed that you could take the world on your own. Although your business was successful, it soon became apparent that you would need some support. You decided to take on a team of staff and a business partner. You chose a...
Suppliers play an integral role in the operations of businesses as they provide the products and services needed to run. Thus, business owners strive to have positive relationships with them for smooth operations. However, a supplier may commit some unlawful acts to...
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....
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...
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...