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Business partners share responsibility for the organization that they run together. They also usually have obligations to one another as established in their partnership agreement. They also both have to take a loss if the company fails. Despite the intertwined legal...
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...
The professionals that an organization hires may end up taking legal action against that company at some point. Workers may allege discrimination, violations of pay regulations and other forms of misconduct in the lawsuits they initiate. Employers could be at risk of...
It is quite common for businesses and independent contractors to fail to uphold their contractual obligations to others. Contract litigation is often the first and most effective solution available in a contract breach scenario. The plaintiff can request a number of...
Businesses count on their reputation to draw customers in and keep those customers loyal. Unfortunately, there are times when people or other businesses make false statement against a company. Those false statements may be defamation, which is different than a review...
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...
In business, a minority shareholder holds less than half of a company's shares. This person usually has limited control compared to majority shareholders who own more than half. Still, there are ways a minority shareholder can gain significant influence. Understand...
Business partners share a lot of risks and (usually) a huge amount of operational responsibility. During the early stages of a startup, partners may be the main players at an organization. In fact, they may be the only employees. Partners typically commit to specific...