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...
A contract serves as a means of clarifying obligations between multiple parties and formalizing business agreements. Organizations sign contracts when they hire new staff members, make arrangements with new vendors and agree to complete projects for clients. Most...
As a business owner or executive contemplating a merger or acquisition, you want to ensure this upcoming transaction will be beneficial for your organization. Performing due diligence to validate the company's performance and the asking price is a critical step for...
Contracts help businesses run smoothly and ensure agreements between parties aren’t broken. Yet, despite hours of legal consideration and careful documentation, a contract can be breached. A contract breach is any kind of violation of agreed-upon terms in a legally...
