Operating a business is a significant responsibility. The company might enter into agreements and contracts with other parties to grow. As the company expands, it could encounter situations leading to legal liabilities. Fortunately, business owners could prepare and...
A Non-Disclosure Agreement is a legal document that prohibits individuals or organizations from sharing confidential or proprietary information with third parties. While many businesses might hesitate to use them, there are many instances that a business should always...
It is bad enough when someone takes your business to court, but when they accuse you of fraud, it can be damaging. You will want to do everything possible to avoid such accusations. Fraud means you did something devious, and anyone saying you were fraudulent in your...
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...
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...
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...
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,...
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...
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...
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...