No family wants to go through the agony of a will contest. Unfortunately these disputes are sometimes unavoidable.
Behind every important business relationship or transaction is a business contract. A business contract should clearly identify the rights and obligations of each party, provide legal protections, protect trade secrets, contain a dispute resolution mechanism, and much more.
Are you considering starting a business in 2017? Are you looking for fresh opportunities in an industry where growth is expected?
Here are five industries that are projected to grow in the coming years:
Many people take the new year as an opportunity to pursue new endeavors. For many, that means starting a business.
Whether you are launching a business in 2017 - or thinking about it - you will want to make thoughtful, informed decisions. Proper planning for your business idea is the cornerstone of a successful, sustainable business. Here are some things to keep in mind:
When a business partnership is formed, the last thing on partners' minds is the possibility that one day that partnership will end. But life happens, plans changes, and not all partnerships survive the test of time.
Within a limited liability company, it is not uncommon for disputes to arise among LLC members. Many of these disputes are the result of an LLC member breaching his or her fiduciary duty. When a member does not act in the best interests of the LLC, the effects can be damaging to the company.
What are members to do when the actions of an LLC member threaten the company?
A breach of fiduciary duty by a shareholder in a closely-held corporation can have significant repercussions - financial, business-related, and otherwise. Often times these shareholders are also officers or directors, so their breach can have significant impact on the company. In some cases, another shareholder or even the company can seek to remove that shareholder from the company.
Disputes among shareholders in a corporation can be very problematic, costing a lot of money and disrupting operations. When shareholder disputes are among majority and minority shareholders, they can be especially difficult, due to an imbalance of power and decision making capabilities.
Non-disclosure agreements (NDAs) can play a critical role in the operations of virtually any business, particularly when it cooperates with another business or professional.
These agreements legally protect sensitive information, including trade secrets and information that provide a competitive advantage, from being compromised -- and from being used against the company.
One of the greatest risks to a company is the possibility that its employees could leak sensitive information or later compete against it.
Many companies take steps to protect their intellectual property and brand with non-compete and non-disclosure agreements, but companies should also be aware that they have legal rights beyond those contracts.