When a business endures financial difficulties, leaders must make difficult choices to steer the organization back on track. Sometimes, these decisions involve downsizing, which could mean reducing the number of company locations or laying off employees. These actions...
Artificial Intelligence (AI) is transforming many areas of business, and contract management is no exception. Companies use AI to streamline processes, but it's important to consider the legal issues that come with it. Data privacy and security concerns AI systems...
Maintaining a healthy cash flow is crucial for business survival and growth. Yet, when partners or vendors fail to meet their financial obligations, your business can face significant challenges. Unresolved debts can disrupt your operations, strain your financial...
Noncompete agreements can feel like a double-edged sword. They aim to protect a company's interests but can seem unfair to employees seeking new opportunities. Pennsylvania law attempts to strike a balance with its unique "blue pencil" doctrine. What is the "Blue...
Navigating disputes among business partners can be challenging but addressing them head-on is crucial for the health of the partnership and the business. Conflicts are natural in any relationship, especially in business, where high stakes and emotions can run deep....
Force majeure clauses are important parts of many contracts. They let people get out of their obligations when unexpected events make it impossible or very hard to keep up their end of the deal. After the COVID-19 pandemic, many businesses realized they need to update...
An employment contract can protect both employers and employees by setting clear expectations. One common provision in employment contracts is an indemnification clause. If you are an employer, you might be wondering if this type of clause should be included in your...
A fiduciary duty is created when a person takes on the legal responsibility of acting in the best interests of another party. The fiduciary is the person who holds that responsibility, and the principal is the party to which the fiduciary owes this legal...
Equity compensation can be a significant part of an executive's overall pay package. It provides the opportunity to share in a company's success. However, negotiating the right terms requires careful attention to key aspects. Understanding types of equity...
Noncompete agreements have become more common, even among freelance and gig workers. These agreements can limit work opportunities and prevent individuals from fully benefiting from the flexibility freelancing is supposed to offer. Restrictions on opportunities...