Having a business partner comes with significant benefits, from increased capital and borrowing capacity to accessing top-notch talent and support. Business partners should have a binding agreement that covers everything regarding the partnership, including...
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Breach of Contract Claims
Defense options when facing a breach of contract claim
You create a contract when you go into business with a client, vendor, or another business. Contracts are a crucial part of any business relationship. However, you may face a situation where someone you have a contract with claims you breached the terms of the...
Tips for creating effective business contracts
Creating written contracts for your business means everyone knows what is expected of them. It also makes it easier to resolve disputes that may occur. However, for a contract to be effective, you must ensure it includes the right information. Any effective contract...
New law prohibits severance agreements from being tied to silence
Since the #MeToo movement gained traction a few years ago, there have been efforts by advocates and lawmakers to prohibit employers from requiring victims’ silence on sexual harassment or other mistreatment in exchange for a financial settlement. Several years ago,...
Does your company’s NDA provide the protection that it should?
Most companies routinely have nondisclosure agreements (NDA) in place. It’s a good idea to have that layer of protection for your company and its assets. One potential problem with a company’s NDA is its failure to safeguard the most valuable and vulnerable corporate...
Your company’s right to inspect delivered goods before accepting them
No matter what industry your company is part of, your success largely depends upon your ability to provide valuable and high-quality products or services to your customers. Thus, if you contract with a supplier for merchandise, ingredients or other goods, and you get...
Can I get specific performance for my breach of contract claim?
When you create a contract with someone, you’re trusting that they will come through and perform their side of the bargain. When they fail to do so, it can create extensive hardship on your end as you struggle to compensate for the damage that their breach caused....