Portland Business Law Blog

Does a Contract Have To Be In Writing To Be Legally Enforceable?

"Get it in writing" is good advice for anyone entering into a business relationship.

A contract is a legally enforceable agreement that is made between two or more individuals or entities involved in some sort of transaction or business relationship. There are certain requirements that must be met in order for a contract to be valid. For example, both parties must agree to all of the material terms of the contract in order for it to be valid.

Creating Effective Business Contracts

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.

Starting a Business In 2017? Here Are Some Things To Keep In Mind.

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:

Expelling LLC members who breach their fiduciary duties

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?

Removing Shareholders in Closely-Held Corporations

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.

Minority Shareholders Have Rights: An Overview Of Minority Shareholder Oppression

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.

What Businesses Need to Know about Non-Disclosure Agreements

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.

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