Those who breach a contract often leave the other non-breaching party in a difficult position. It can involve financial loss, liability or other complications. However, if the contract had a specific performance clause included in a valid contract, the breaching party...
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Business Disputes
2 important steps before moving forward with a business divorce
Your business partner will have a direct impact on your personal financial circumstances and the overall success of your company. If your partner suddenly stops performing the way that they historically have, your company's profit margins could shrink, reducing your...
FTC increases scope of investigations regarding non-competes
In July of 2021, President Joe Biden instructed the Federal Trade Commission (FTC) to investigate the abuse of non-compete clauses and other clauses that unfairly prevent workers from seeking other employment opportunities. One year later, the FTC is moving beyond...
Joint ventures sometimes fall apart
There is hopefully a sense of optimism when launching each new joint venture. If all goes as planned, each party will benefit from the collaboration. However, things do not always go well, and the venture can fail due to mistakes and disputes. Seven common issues The...
Effective contracts avoid disputes
A contract is the foundation of every valid business agreement. Effective arrangements create a solid foundation for a fruitful agreement between businesses, a business and its employees, a business and its vendors, a business and its clients, or with a third party....
What happens when personal assets and business assets are intermixed in a dispute?
Starting and maintaining your business can mean being creative when it is time to finance your next move. Ideally, you may prefer that your business assets are separate from your personal assets. Still, challenging times may mean you use one to support the other....
3 tips for ending a business partnership with a sibling
Maybe you and your brother started a lawn care business when you were in high school and the company has grown so large that you have dozens of employees and hundreds of clients. Perhaps you and your sibling inherited equal ownership rights to a business started by...
When is someone guilty of tortious interference?
Businesses will rely on contracts to outline different arrangements as they provide goods or services. Ideally, these business arrangements can go for the length of a project or countless projects. Unfortunately, one partner may realize that someone outside the...
Dark-store practices gain momentum during pandemic
The pandemic has impacted us personally in so many ways over the last few years. But, it has also changed the way that companies conduct business. For decades, big-box stores have been economic cornerstones in suburban and rural communities. Things have shifted to a...
Third-party beneficiaries may have rights
People often assume that a contract only involves the parties who sign it, but others’ fortunes may also flourish or suffer from the execution of the contract. These outside entities are called third-party beneficiaries, and they could have the right to share in the...