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A breach of contract occurs when one party involved in a business agreement fails to meet the specific terms and conditions outlined in the contract. When a breach occurs, it can disrupt the normal course of business operations, potentially causing financial losses or...
Many small businesses believe they do not have to follow federal labor laws. However, these apply to many small businesses, so owners need to know and consider them when establishing employee policies. Failing to follow them can result in thousands of dollars in fines...
Businesses looking to grow and expand often start the search for an ideal company to acquire. Once an ideal candidate pops up, due diligence plays a key role in a successful and beneficial acquisition. While the financials, legal aspects and intellectual properties...
As your business grows, you may find yourself expanding your team and hiring new employees. Some companies use written documents, including employment contracts, to regulate their relationships. Although an employment contract is usually not a requirement, there are...
Merger and acquisition (M&A) transactions require a lot of complicated legal, tax and business knowledge. Often, a sale falls through despite good fundamentals because the seller did not adequately prepare. If you are a business owner and contemplating the sale of...
While Congress has extended the automatic date of copyright expirations in the past, there is little indication it will do so again. Corporations with 100-year old copyrights, therefore, are at risk of losing the exclusive right to their intellectual property. In...
The worst nightmare of any executive of a mid- to large-sized business entity is having to defend the company against an employee’s sexual harassment suit. Whether the harassment came at the hands of a fellow employee or a supervisor, the company is often liable for...
Entering into a business partnership is much like getting married. It is crucial to know who one is joining forces with. Sometimes, partners go into business together filled with optimism and ready to take on the world, only to find that they have very incompatible...
When you own a business, there are many complex legalities that can arise. For this reason, hiring competent legal counsel to guide you through business transactions can simplify processes and reduce obstacles. 1. Be certain you do things correctly One of the top...
Competing in an ever-crowded marketplace requires both quality product or service and effective marketing. Savvy business owners understand the importance of packaging their offerings in an easily identifiable or iconic way. Trade dress is everything that makes a...