Business Law Professionals
6 elements to consider during a business divorce
When business partners decide to go their separate ways, it is important to handle the process carefully to ensure a smooth separation. The breakup of a business partnership, often known as a business divorce, involves addressing various important issues to minimize...
3 things to consider if you plan to litigate a contract dispute
After several unsuccessful attempts to resolve a business-related contract dispute with the involved parties, filing a lawsuit is often the next step. If you win your case, you can obtain a remedy that addresses your losses or harm. Although the legal system can help...
Dealing with financial mismanagement in a partnership
Financial mismanagement can pose a serious threat to the stability and success of any partnership. When it occurs, swift and strategic action is required to safeguard the business's assets and future. Understanding the steps to address financial mismanagement is...
How do you know it might be time to get a business divorce?
Some business partnerships endure the test of time, lasting indefinitely or until the parties retire. Other times, things start well, but problems or disputes arise later and begin impacting an otherwise successful association. You may wonder when it is time to let go...
The basics of trademark litigation
Trademarks are invaluable assets for businesses, serving as symbols of brand identity and quality. Protecting trademarks is essential to maintaining brand integrity and preventing unauthorized use. Sometimes, safeguarding one’s rights to a trademark necessitates...
4 common causes of partnership agreement disputes
Business partnerships can expand your company’s access to greater opportunities with a wider range of skills. However, they also come with some challenges. When the partnership agreement leaves room for interpretation, it puts both of you at risk of misunderstandings....
There’s more than one type of contract breach
People talk about contract breaches without always realizing that you can define them in more than one way. First, it depends on whether the breach has actually occurred yet. Anticipatory breaches are where one party lets the other party know ahead of time that they...
Does your new business need a “prenup”?
More and more nowadays, romantic couples choose to draft prenuptial agreements during their engagement period. This effort is viewed both as a way to safeguard one’s interests in the event of divorce and to set solid expectations for the relationship so it is less...
How small businesses may benefit from a merger
The prospect of a company merger can seem daunting to some entrepreneurs. However, joining your small business with another operation, particularly a bigger one, might not only help your business survive but even thrive. By becoming part of a larger company, your...
My business partner is dishonest. How do I handle this?
Going into business with someone you can trust can be an exciting experience. After all, you share common goals and aspirations – growing your business and making profits. But what happens when you learn that your business partner is dishonest? What steps should you...
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