Business Law Professionals
How to buy out a business partner
When it comes to business partnerships, there may come a time when you find yourself contemplating a buyout. Whether due to strategic differences, financial considerations or a change in priorities, executing a successful buyout requires meticulous planning and...
Resolving a contract matter by seeking specific performance
The negotiation of a thorough business contract helps to limit the likelihood of a future dispute. A contract explains what each party owes the other and may even impose penalties for failing to fulfill the agreement. If there is any question about the obligation of...
What happens when a business partner wants out?
A shift in goals, priorities, personal circumstances or even irreparable differences can lead to a partner wanting out of the partnership. While their exit does not necessarily mean closing up shop, handling the situation with clarity and care can help ensure a smooth...
How can you tell if an employee is considering legal action?
When working to help an employee resolve a complaint, whether a discrimination accusation or a wage and hour issue, you may feel you have the matter under control. But what if your employee disagrees? If the other party feels you are not doing all you can to resolve...
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....