Portland Business Law Blog

What Makes a Contract Binding?

Contracts are behind most business and commercial relationships. Without contracts, entering into any business relationship would be risky. A contract lays out the rights and responsibilities of each party involved and offers legal protection as well.

Contracts take many forms. They can be customized or boilerplate. They are usually in writing, but oral contracts may be enforceable as well. Contracts reflect the unique circumstances of the parties entering into a business relationship together.

Disclosures in real estate transactions: What you need to know.

Individuals who are selling a home often have questions about disclosure requirements. What information is a seller required to disclose when putting a house up for sale?

Different states have different disclosure requirements. In fact, many cities and counties have specific disclosure requirements. Before selling a home, it is important to research the requirements in your area.

Partnership Breakups: What To Keep In Mind As You Go Through One

Have you made the decision to end a business partnership? Your goal may be to get through the process as painlessly as possible.

However, the financial stakes can be very high. And the process can be difficult when partners have worked hard to grow a business together.

What to do when your business partner starts a competing business

A healthy business partnership is built on trust. A business can flourish when business partners trust and act in good faith toward each other.

A competitive spirit is generally a good quality in a business partner. But what happens when one partner takes that competition too far? What options are available when a business partner leaves to create a competing business?

Purchasing a Franchise: Legal Considerations

Purchasing a franchise can be very exciting. A franchise offers business owners a limited degree of independence and often a whole lot of support. For many, this is an alluring business model. For others, not so much.

Individuals looking to purchase a franchise should carefully consider the pros and cons of owning and operating a franchise. They should also thoroughly research each particular franchise to ensure that the programs and support are strong, and that the franchise has a good track record. (This franchisor checklist is a good place to start.)

Protecting Yourself When Dissolving A Business

There are countless reasons why a business owner may choose to end a business: Financial difficulties, time constraints, a desire to move on to a new business endeavor, and many more.

No matter what the reason is for dissolution, it is important for a business owner to make sound decisions when dissolving a business. The financial stakes are high and there is always the potential for costly disputes when other parties are involved.

New Oregon Law Seeks to Limit Fraud from Shell Companies

The Oregon legislature recently made several changes to the information businesses must provide to register and operate legally in the state.

The bill, which took effect on January 1, 2018, aims to prevent corporate fraud and illegal activity in Oregon. The bill is a response to news reports uncovering fraudulent "shell" companies in Oregon.

Creating Lasting Business Partnerships

What makes a good business partnership? A strong working relationship and trust are the foundation of any successful partnership. But a business' staying power needs more, especially clearly-defined roles, rights, and obligations of the partners.

Going into business with someone without these in writing is a recipe for misunderstanding and, ultimately, resentment. When things devolve to that point, businesses implode and partners lawyer up.

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