A contract is a legally binding arrangement involving two or more people. The use of contracts is very common in just about every aspect of a business. Although some contracts can be as basic as an oral agreement sealed with a handshake or a simple purchase order, other contracts are extremely complicated and involve stakes that are much higher. Listed below are a few recommendations concerning what…
One of the things your family member would have been required to do while creating her or his trust was to appoint another person to be in charge of the administration of that trust after they have passed away. The person that your family member ultimately selected is presumably someone they thought they could rely on and trust, and who would carry out the terms of the…
Indemnity clauses serve a vital function when it comes to controlling the risks affiliated with business matters by defending you against the consequences of a contractual oversight, an act, or another person’s neglect.
The natural inclination is to find an indemnity that will defend a person to the highest possible degree against liabilities that are the result of someone else’s actions.
Caution needs to be…
In a perfect world, all business arrangements would be handled in a way that is advantageous to everyone involved. Regrettably, a lot of conflicts and disagreements can develop over time. The longer you are in business with someone, the more opportunity there is for arguments and misunderstandings.
A claim for material breach of contract is a civil action and the judgments that are granted are intended…
Roughly 20 percent of all small and medium-sized companies are exposed to the risk of being sued by one of their employees. The expense of defending your company against this type of litigation will cost your company an average of about $125,000. Sadly, the exorbitant cost is only part of the story when you are talking about the negative impacts of an employee-based lawsuit. The reputation that…
All companies will eventually close their doors. It’s the nature of business. The life expectancy of your average small business, however, is far shorter than that of a major, worldwide corporation. After spending years or even decades of pouring their valuable time and effort into their company, a lot of owners begin to think about retiring or just setting off on a new adventure.
When you…
If you are a business owner, it is essential that you have a reputable business attorney. Knowledge, experience, communication, business acumen, and accessibility are all qualities that are very important to you as a client. If, however, you are going back and forth between multiple attorneys who all seem to have the basic qualities you are looking for, then adding these traits to your list will help…
In the state of California, civil mediation, unlike mediation in cases of family law, is a kind of alternative resolution to a dispute that aids both sides in trying to settle their case without dealing with the expense and the time of a lengthy trial. Even though a lot of people have heard of mediation, they usually have no idea what they should expect. There are a…
Selling your company is often an overwhelming time for everyone involved. An acquisition could usher in a brand new era of growth for your business. An inadequately drafted acquisition agreement, however, could also endanger the financial and legal affairs of any business owners who fail to appropriately plan for this type of event.
The best time to get yourself ready for a business lawsuit is before it occurs. You should be prepared before your company is a party to a lawsuit or before you file a lawsuit against another person or entity. It is important to bear in mind that the majority of business attorneys charge you by the hour so the more prepared you are when you meet with…