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To understand how serious a breach of fiduciary duty is, it’s important to first fully understand what fiduciary duty is. Fiduciary duty is the legal responsibility a party has to do what’s in the best interest of one or more parties. For example, it is the...
An anticipatory breach is a phenomenon wherein one party to a contract communicates that they cannot, will not or otherwise have no intention of meeting their contractual obligations. Essentially, this kind of breach happens prior to whenever expectations of actual...
Most construction projects involve a degree of mutual risk. Clients have to trust professionals or businesses with their most valuable resources. Those in the construction sector often have to perform work without advance pay for the full value of the project....
When you enter into a business partnership, you're likely focused on the potential for growth and success. However, it is also important to consider how you will handle disputes among the company's leaders. How can an attorney help you prepare for disputes and resolve...
Disputes between business partners can result in considerable negative impacts on their shared company. Because of this, it’s typically best to handle partnership disputes behind the scenes so they have minimal effect on the business. Almost all partnerships are...
People want their relationships with their business partners to remain positive and profitable. Unfortunately, some partnerships eventually sour. One partner may feel frustrated by the other's job performance or seeming lack of commitment to the business. The partners...
Disputes between commercial landlords and tenants can be complex, with significant financial implications. They also can be disruptive to conducting business and harm a professional reputation. While they may be unfortunate in commercial leasing, the problem can be...
An anticipatory breach, also known as anticipatory repudiation, occurs when one party to a contract indicates that they will not fulfill their contractual obligations. It can happen through an explicit declaration of intending not to perform or actions that render...
The prospect of litigation can be daunting. Still, it is crucial to recognize the significant benefits that legal litigation can offer in resolving a business dispute. While alternative dispute resolution methods have their place, litigation provides a formal and...
A business divorce or partnership break-up can be a messy process. The end of a working relationship could also trigger the end of the social relationship between two partners. As if that weren't enough of a concern, the end of their collaboration could also have...