Companies that are run in a profitable and proper way are usually the ones shareholders have the most interest in. However, it is not uncommon for shareholders in an incorporated corporation to disagree on certain issues, which can actually end up damaging the...
Business Litigation
How can you avoid common business disputes?
Keeping conflicts and disputes to a minimum is crucial for lasting business success. However, this is often easier said than done. Conflicts can arise when you least expect them and can derail contracts indefinitely. Fortunately, there are steps you can take to avoid...
How and why to preserve business ties
For a business owner, business ties serve as the lifeblood of any successful operation. These ties can make or break an organization. So how does a business owner go about preserving these ties in situations where they are at severe risk, such as in the event of a...
How should you handle discrimination complaints within your company?
When you own a business, you are responsible for creating a safe workplace for your employees. If there are discrimination claims within your business, you could face litigation if it gets out of control. According to the U.S. Equal Employment Opportunity Commission,...
Business litigation and the impact of a discrimination case
Whether your company employs 15 staff members or your firm has hundreds of employees, it is imperative to understand the consequences that can arise from a discrimination complaint. As a business owner, a discrimination case could wreak havoc in various ways. Aside...
How to avoid business disputes in Michigan
No business is fully immune to business disputes. In fact, it's actually quite common for business owners to find themselves in the middle of business-related disagreements. While many can be resolved without too much trouble, there are times when things can get...
What is a liquidated damages clause and why is it necessary?
Business owners in Michigan want to protect themselves from potential and protracted litigation. One way to do that is to have a liquidated damages clause in case a breach of contract occurs. Usually, this is found in transactions involving real estate. What is a...
What are liquidated damages?
Contract breaches occur between business enterprises. In a breach's aftermath, both parties might seek to recover their losses. Sometimes, the losses appear evident. Other instances might be ambiguous, but Michigan law does address a "gray area" loss claim. Under the...
Michigan embroiled in legal dispute over Canadian pipeline
In Michigan, conducting business can be complicated especially for companies that are based in other states or other countries. If there are disagreements or orders from the state that the company believes are in violation of its rights, a legal filing is possible....
Three tips for preventing shareholder litigation
Those who the Detroit area own shares in a favorite company naturally expect that the company will be run properly and will be profitable. If a company is incorporated, and shareholders disagree on issues related to the company, it can lead to shareholder disputes...