Noncompete agreements are powerful legal tools with implications for executives and businesses alike. Whether you're a terminated executive negotiating a severance package or a mid-sized company navigating legal waters without internal counsel, understanding...
Business Disputes
Understanding business torts and intentional misconduct
In business, adhering to ethical standards is important for achieving long-term success. Unfortunately, not everyone plays fair, leading to conflicts known as business torts. Understanding business torts and the results of intentional misconduct is key for businesses...
How do indemnity and indemnification work together?
While a business contract can be complex, this is often necessary so that you do not end up liable for actions that you are not responsible for. This is why many contracts contain indemnity and indemnification provisions. While these terms appear similar to each...
Recognizing key contract violations
A contract is a legally binding agreement outlining rights and obligations between parties. When one party fails to meet its contractual duties, it results in a breach of contract. Material breach A material breach occurs when someone fails to fulfill an important...
Understanding common business dispute types
Business conflicts happen daily. Knowing some facts about them will contribute to long-term business success and stability. Businesses can foster healthier relationships by identifying and addressing common sources of disputes. Good relationships with those you work...
How can you avoid contract disputes?
Virtually all businesses use contracts to prevent misunderstandings. However, improper drafting of these agreements can lead to disputes. In order to ensure the utmost clarity, business contracts must contain certain key elements. Clearly define terms and expectations...
What businesses frequently use non-compete agreements?
A potential problem with training an employee is that your worker may take the skills and information garnered from your workplace and apply them at a competing business. Through a non-compete agreement, you may prevent this kind of competition from harming your...
What are the proper uses for a noncompete agreement?
Noncompete agreements are contracts between employers and employees that restrict employees from engaging in competitive activities after leaving their current position. These agreements can protect a company's business interests. They often help safeguard trade...
Can you recover your losses if a business partner cheated you?
Finding out that a business partner has cheated you can be devastating. The losses can feel overwhelming when a partner betrays your time, effort and trust. You have the right to recover your losses when another person's wrongful actions cause damage to your...
Can another business have a similar name?
Would you be surprised if you googled your own business name and found out that another company had the same name? Your branding is very important to you, and it may feel like they are infringing on your rights. How can they possibly use the same name – or even one...