Many successful businesses wouldn’t be where they are today without well-crafted contracts. A contract is a legally binding agreement that ensures cooperative parties uphold their end of a bargain. When parties fail to keep their end of a deal, then they may be...
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Business Litigation
How to avoid disputes with shareholders
Shareholders are an integral part of a business. They have voting rights that can help a company make beneficial decisions. It is crucial to understand how this business aspect works to avoid costly mistakes. After signing a deal with the right shareholders, you...
2 steps to take when a supplier breaches their contract
If you run a retail outlet, a restaurant or a manufacturing business, you need reliable suppliers to remain in business. Unfortunately, a supplier might breach their deal with your business for a variety of reasons. They might stop making deliveries unannounced,...
Who could file a lawsuit against your business?
Understanding risk is crucial as a business owner. One of the biggest risks is that someone takes you to court. You might think that provided you give good customer service, it will never happen. Yet litigation can come about for so many reasons, and it could be...
What qualities should you look for in a business partner?
As an entrepreneur, your reputation is your most precious asset. And if you get into a partnership with the wrong partner, the reputation you have worked hard to build can be ruined. Depending on the circumstances, a bad business partnership can result in the loss of...
Can you address possible business disputes in your contracts?
Well-constructed contracts are often the backbone of successful California businesses. You can use them to define the terms of your associations with employees, vendors and other parties. One thing you shouldn’t overlook when creating or signing business contracts is...
4 reasons why a business partnership may be dissolved
There are a variety of reasons why you may want to dissolve a business partnership. Perhaps you created the partnership to achieve specific business goals, and those goals have been met. Or one partner has decided to retire or change their mind about the partnership....
Material vs. minor breach of contract in California
When you form a professional relationship with a partner, client or vendor, you will create a contract. The contract's purpose is to outline each party's responsibilities and steps to take if one party doesn't live up to the terms outlined. If one of the parties in...
How do you reduce liability after a data breach?
There was a time when experts said, "IF a data breach happens to you…". Now they say, "WHEN a data breach happens to you…" Cyberattacks are on the rise, and these criminals no longer just target large corporations. Instead, they are also going after healthcare...
Tips for dealing with difficult vendors
Part of running a business is having the supplies you need to take care of your customers. You’ll have to depend on vendors for most of these. While many vendors have great customer service policies, there are some that leave a lot to be desired. Trying to find ways...