Business owners sometimes have to merge companies to create a more successful combined company that can benefit from a better market position. Given the significance of such a transition, mitigating any negative impacts should be a vital consideration. Fortunately,...
Partnerships can either be the key to success or the road to failure. Did you know that up to 70% of business partnerships ultimately fail? As a proactive entrepreneur, it can help to identify the common reasons why businesses break down to better safeguard your...
A business acquisition can be beneficial for a growing organization. They may purchase a competitor or a company operating in a totally separate industry. So long as a company has the resources to afford an acquisition, there are many potential benefits to doing so....
One party's contract failures can have dire implications for a business. Perhaps a construction company failed to meet certain standards when working on an office remodel. Perhaps a vendor missed a delivery, provided the wrong materials or increased its prices despite...
Many business owners are always looking for new ways to expand their reach and grow – and mergers can offer a lot of benefits to everybody involved. However, not all mergers are created equal. Understanding more about the different forms a merger can take can help you...
A company's contracts help it control business operations and expenses. Employment contracts clarify what wages workers can expect and what duties they must fulfill to earn that income. Supplier contracts can help make costs and delivery dates more predictable. Client...
In business, the road to success is seldom clear or easy to travel. While partnerships can be incredibly beneficial, they also have their challenges. When unforeseen circumstances or disagreements happen, a buy-sell agreement can come to your rescue. A buy-sell...
Any business decision features some degree of risk. Whether a company is about to hire a new executive for a major rebranding or sign a new lease for manufacturing space, there will be risks for the business inherent in the transaction in addition to the benefits the...
Many times, when a business owner suffers as a result of a breach of contract, it’s because the other party completely fails in their obligations. For example, a business owner hires a construction company to renovate their office space. The company takes a down...
A non-compete agreement is a private contract between you and your employee that prohibits that employee from working for your competitor or starting a competing business for a certain period after leaving their position. A lot of companies consider them indispensable...
