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...
Are you considering working with government contracts but are concerned that there may not be that many options available or that there will be too much competition? Some business owners also worry that the process will be complicated and it won’t be lucrative enough...
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...
Although you can theoretically enforce a verbal agreement, written contracts are the standard for a reason. When you and another party work with one another in some context, your contract determines what obligations you have to one another. From the timeline of...
An entrepreneur hoping to start their own business has to consider many risk factors. Will they have a source of income if the business struggles to generate revenue? Do they have enough money set aside to cover operating expenses for the first year or so until the...
The parties that you choose to do business with will have a major impact on your company's success and its reputation. If you work with a vendor who violates federal import laws, your company could come under legal scrutiny and could suffer a major blow to its...
Forming a business requires more than just a great idea. Also requires commitment, investment and follow-through. The moves that you make in the early stages of starting your company could help or hinder its growth for many years to come. Whether you want to start...
Maybe you hired someone to make your business website compliant with the Americans with Disabilities Act( ADA). Maybe you contract with your vendors to ensure a steady supply of crucial materials for your restaurant or manufacturing facility. Your business contracts...
