Category: Business Contracts
Tips for Settling Common Business Partnership Disputes
Business partnerships hold great promise but disputes between partners can occur that threaten success. Swift resolution is vital for maintaining productivity. Discover seven essential strategies to settle common business partnership disputes before they escalate. Establish a Comprehensive Partnership Agreement: A detailed partnership agreement is crucial for a harmonious relationship. It delineates the parties’ rights, responsibilities, and dispute resolution mechanisms, which will hopefully allow conflicts to
Preventing Trade Secret Theft & Employees Poaching Your Customers
Unfortunately, customer poaching and trade secret theft are all too common in the United States. Unscrupulous competitors and employees resort to these illegal tactics to bolster their profits and undermine their rivals. However, businesses can take legal measures to curb fraudulent activities. Fraudulent competitive practices manifest in various ways, including: Departing employees who reach out to their former client contacts Executives defecting to competing companies,
THINGS TO LOOK OUT FOR WHEN DEALING WITH INVESTORS IN BUSINESS ENTITIES
As proprietors of private corporations, founders often accidentally create contention among current and would-be owners. The legal professionals at Anthony Law Group are familiar with the disputes that arise within partnerships, organizations or LLCs due to misunderstandings over an individual’s share in the company because of their involvement during its formation and early success. A common situation occurs when friends or family offer their services
Key Elements of a Construction Contract Agreement
Top 5 Key Elements of a Contract It’s nearing the end of a hectic workday, and you’ve been handed an intimidatingly long construction contract agreement to review and analyze before end of the workday. With next to no window for completion, efficiently determining which parts should be reviewed first is vital. But where do you start? Divide and Conquer Drafting a contract is an intricate
NAVIGATING BUSINESS PARTNERSHIP DISPUTES
Do you need help navigating a strained partnership in your business? Or are you worried that your business partner may try to remove you from the company? In this article, we will dive deep into the most frequently asked questions by business partners experiencing disputes and provide you with helpful answers. Can My Business Partner Push Me Out? In most situations, you cannot be ousted
Why Hire a Business Lawyer?
Hiring a business lawyer is essential to understand the variety of legal issues impacting your company and your industry. A lawyer with experience in your field of work can help prevent issues from arising and give you peace of mind knowing that someone has your best interests at heart. Here are some benefits of having an experienced business law firm on your side. Intellectual Property
Tips for Breaking up With a Business Partner
Starting a company can be one of the most thrilling times in a person’s life. People spend years, if not decades, developing their ideas and planning to establish a business. Many new business owners select to have a business partner, which usually comes with several advantages, but can also lead to disagreements. So, you should be aware of the business laws in Arizona in terms
Steps to take after a Business Contract has been Breached
When your company enters into a contract with another party—a customer, client, or vendor, for example—both you and the other party are obligated to fulfill the provisions of that agreement. If either party fails to fulfill any of the conditions in the contract, a breach of contract has occurred. What’s the Next Step After a Contract Breach? So, after a contract has been breached, what
Knowing the difference between an Operating Agreement and a Shareholder Agreement
Two common types of small business formations are corporations and limited liability companies. If you have multiple owners of either type of company, it is important to make sure that the ownership structure is clearly defined and clearly understood by all shareholders or members. Operating agreements are used for limited liability companies with multiple members, and shareholder agreements are used for corporations with multiple shareholders.