New business partnerships are a lot like a new marriage. They start with the best intentions, dreams with long-term goals, and a serious commitment to each other. While couples should have these conversations before tying the knot, business partners need to draft a...
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Business Disputes
What exactly is a “business divorce”?
"Divorce" is a standard part of family law, pertaining to a couple who wants to end their marriage. Business divorce, on the other hand, is a professional split between two or more co-owners. As with the familial marriage, a business divorce is a legal process where...
Tips to consider during a partnership dispute
Like any other relationship, business ventures are not immune to disagreements and conflicts. When two or more individuals decide to collaborate and establish a business, they do so with shared dreams and visions. However, as time progresses and external or internal...
That non-compete may not be as binding as they claim
Some companies have long depended upon non-compete agreements for exiting employees, former owners or partners. In recent years, critics have questioned the validity of these agreements, claiming that they are generally overly restrictive and limit the signee's...
Infringement claims require copyright registration
A work of creative authorship traditionally enjoyed copyright protection if it was an original work and it was fixed in a “tangible medium of expression.” However, the U.S. Supreme Court in 2022 ruled that Fourth Estate Public Benefit Corp v. Wall-Street.com, LLC,...
How to protect yourself from being sued in a business partnership
A business partnership is much like a marriage. Two people commit to working together for the indefinite future to achieve shared goals. They combine their financial and legal risk with one another while benefiting from each other's resources. Also like marriage,...
Tips for navigating shareholder disputes
Disputes among business shareholders may be unavoidable. These disagreements happen for various reasons, such as profit distribution, company direction or management decisions. A fair and reasonable solution should be the desired outcome, but it can take a lot of...
Family feud: Addressing sibling rivalries in business succession planning
Family businesses are a prime example of how a family can come together and collaborate to achieve success. When each family member is working toward a common goal, the possibilities are endless. As the founder of the business, you may want to ensure its continued...
When you’re ready to leave the family business
Family businesses create unique dynamics where loved ones work alongside each other. Parents look forward to their kids working beside them and eventually replace them when they retire. Many relatives thrive in corporate environments, while others struggle with the...
5 Types of Business Litigation Every Entrepreneur Should Know About
Entrepreneurs tend to think of themselves as outside-the-box or creative thinkers. This thinking can translate into a fresh approach to an established market, creating a new demand for a product, or innovating in some other way. Any business can have legal issues or...