When it comes to business-to-business (B2B) transactions, contracts can act as the cornerstones of trust and collaboration. They generally outline expectations, define deliverables and provide a safety net of legal protections in case things go awry. But even the most...
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2 reasons to dissolve a business partnership
Running a business by yourself can take a lot of work. Not only are you responsible for managing employees and clients but you’re also liable for any issues that come your way. You don’t have to run a business alone, however. Many businesses flourish because owners...
How can you deal with partnership fraud?
When two or more people form a business partnership, the goal is to combine skills, knowledge, and resources to make a profit. Typically, most successful business partnerships are built on trust, but unfortunately, things don’t always go as planned. Sometimes, one of...
4 practical ways to protect your business from difficult clients
If you’re starting a business, then you need to determine how you will handle difficult clients. Remember, even the most reputable businesses encounter difficult customers. It may be hard to remain positive when you face a difficult client. However, if you don’t deal...
Should you be vetting potential new business partners?
Yes, it is always vital to thoroughly investigate any person or company you plan to partner with in business matters. Proactive steps like this can prevent legal and operational problems involving partnerships from arising. In the business world, anything you can do...
3 ways businesses can quickly resolve breach of contract disputes
Contracts are an important part of any business, which means that a breach of contract may be a possibility. If your employees, service providers or suppliers fail to fulfill their contractual obligations, it may cause disruptions and delays to your business. ...
3 tips for responding to reviews of your business
The open forum of the internet makes it easy for people to let others know about their experiences with companies. Many business owners don’t fully understand how they can use reviews to their benefit. They also don’t realize that their responses to reviews could land...
Should your employment contracts include restrictive covenants?
Your employment contracts are your first line of protection against misconduct by and claims from your employees. What you include in your contracts will play a major role in how much damage one person can do while they work for your business or after they leave....
Is it possible to resolve business disputes without going to court?
When you enter a business relationship with a partner, vendor or client you have a contract that outlines the goals and responsibilities of the relationship. One part of the contract includes how to resolve disputes. In the past, many contracts only offered...
Why written contracts are better than handshake deals
A handshake deal is similar to a contract in that you and another party or another business owner are agreeing to work together in some fashion. This is common when two people know each other before they enter into negotiations. They feel like they're on good terms...