Legal terminology, like medical terminology, is both nuanced and potentially consequential. Unfortunately, in both cases, understanding what a professional is talking about if you don’t also hold a specific professional degree can feel like reading Latin when you’ve...
Business Disputes
4 causes of contract disputes
A contract's main goal is to specify the terms and conditions that each party is expected to uphold. If a contract's terms are unclear or if it is drafted in a convoluted manner, a disagreement over it may occur. It is crucial to recognize these potential reasons...
3 qualities found in a good business partner
The best thing you can do to make sure your firm is successful may be to form a business partnership. Finding the ideal companion, however, isn’t always simple. You may not know right away if the person you’re looking to work alongside will be right for your...
Two signs that your business partnership could end in litigation
Sometimes, two people meet and hit it off immediately because they have common goals and interests. In other situations, you cannot seem to mesh with another person even when you have much in common. You may have ways to extricate yourself from encounters with those...
Why should executive contracts include probationary periods?
Executive contracts include many elements. One element that’s often included that might have some people stumped is the probationary period. This is a protective measure that helps both parties. Regardless of which side of the matter you’re on, you should understand...
What is the inevitable disclosure doctrine?
The inevitable disclosure doctrine is a legal concept used in trade secrets and employment law. This doctrine comes into play when an employee with knowledge of a company's trade secrets leaves their job and takes up a similar position with a competitor. The...
4 causes of partnership disputes
Business partnerships benefit many people, but this isn't always the case. For a partnership to be successful, involved parties should be on the same page and make decisions that are in the best interest of the business. Absent these, disputes are likely to arise....
The art of safeguarding trade secrets through contracts
Successful entrepreneurs understand that business is more than a simple assessment of supply and demand. They know that by crafting a company that serves the needs of the public uniquely, a business may not only succeed but thrive. Intellectual property – from...
The FTC is exploring a federal ban on non-compete agreements
The news that the Federal Trade Commission (FTC) is exploring a ban on non-compete clauses in the public sector and private sector alike recently sent shockwaves through the American business community. Non-compete agreements currently serve as vital protections...
Common reasons for contract disputes
The primary purpose of a contract is to outline specific rules and obligations that should be honored by the parties included in the agreement. Contract disputes may arise if the terms in the contract are confusing or if the agreement is written in a way that is not...