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You do your best to make sure you always uphold your end of contracts, but there are some rare instances where something goes wrong and a breach is possible. Most people are willing to work together to resolve breaches and maintain a good business relationship as long...
Business partnerships are very common in the United States, and they can be very successful. Often, two people complement each other well and provide the necessary skills so that the business can thrive. This is why a business with two partners can be more robust than...
If you’re thinking about starting a business, you may have already started looking at the different business entities and what kind you might like to set up. It’s true that this can seem a little overwhelming if you’re unfamiliar with business law, so you might think...
Your business takes on a lot of debt in order to get rolling. The idea, of course, is that you'll have enough success to eventually pay that debt back. But you need money to get started. What happens if things don't go exactly according to plan? Say that you take out...
Keeping your business in the family may be a goal that you have, and it is a good one. Being able to pass on your business could mean building a legacy and helping your family thrive for many generations to come. To make it possible to keep your family business in...
Whether you started a business or inherited it, running it successfully may be a big part of your personal identity. It probably consumes as much of your life and provides most if not all of your income. It can be so hard for people to separate themselves from the...
The contracts that you sign with your employees, suppliers and clients clarify your relationship with those parties and help protect your business. While you may do everything in your power to uphold your contractual obligations to others, not everyone will be so...
Your supplier has stopped returning your calls after taking payment and not delivering the materials that you need. Alternatively, someone that you agreed to provide services for never paid you, but now they want to claim that you breached the contract, not them. Some...
When your business has gone through the trouble of negotiating, drafting and signing a business contract with another entity, it can be extremely frustrating when they don’t follow through. If they fail to uphold their side of the bargain, it can cause serious damage...
When business booms, new doors often open and with them often come new opportunities. Sometimes that opportunity takes the form of new contracts. While businessmen and women might often smile and shake hands over these contracts, that is not always the case. Sure,...
