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...
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...
Today, businesses rely on their vendors and suppliers to keep the doors open and continue serving their customers. When establishing any business relationship, a written contract is recommended. Even with a written contract, though, there are situations where a...
Many businesses have some kind of trade secret they wish to stay under lock and key. When these secrets get out, it could cause a business to underperform. Trade secret leaks can not only impact your business but may expose the personal information of the people you...
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...
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....
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...
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...
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...
You’ve just asked an employee to write a story to be included in a compilation of works that your company is assembling. Before agreeing to do so, the employee asks you whether or not they will own the copyright for this story? According to U.S. copyright laws, “if a...