One common reason for business litigation is when contracts are breached. Some parties will try other steps before litigating. For instance, it could just be a communication issue, so they may reach out to the other party to find out if there is a problem. Even if...
Several different types of contracts can include restrictive covenants. Employers often include restrictive covenants in contracts negotiated with new hires and workers accepting promotions. Business partners often include restrictive covenants in their agreements...
Contracts are the backbone of business relationships, offering clarity on roles, responsibilities and expectations between partners. They create a framework that helps to ensure accountability and trust while reducing the risk of misunderstandings. Despite this, no...
Different factors contribute to contract disputes. Ambiguity is one of them. If any term in the agreements you have with the parties you work with is not clear, misunderstandings may arise in the future. Here is what to know about ambiguity in contracts: What is...
A contract dispute can cause significant disruption to your business and cost you time and money. Sometimes contract disputes are unavoidable, but there are steps you can take in the early stages of a potential contract dispute to prevent it from escalating. Raise the...
When you enter into a contract, you engage in bartered exchange. For the contract to be legally binding, then, there must be a meeting of the minds. But what happens when the other side seemingly tricks you into agreeing to a contract that turns out to be based on...
As a small business owner, you might take pride in the strength of your word. In fact, you may even rest your business dealings upon it. But when the other party to your agreement fails to uphold their end of the bargain, you can be left holding the bag, which can...
If you are an employee or an employer in New York City, you may have encountered or used a non-compete clause in your employment contract. Non-compete clauses are often used to protect an employer’s trade secrets, confidential information or specialized skills that an...
It is a rare day when a person manages to save up all the money they need themselves to get their business idea off the ground. Even after the business opens, it can take several months before it starts to turn a profit. While the founders of the business may be able...
Many people are familiar with the real estate purchase process, either because they bought a home or a business. There is another type of real estate arrangement that they may be less familiar with, however, called a real estate joint venture. A real estate joint...