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...
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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...
How can honest communication prevent a breach of contract?
Contract breaches are common in the business world. Yet not all contract breaches need to cause a problem, let alone end in litigation. Life is not predictable. Things can happen that make it impossible to fulfill the commitment you are contracted to. While some...
The initial steps to take if your company faces a lawsuit
It was the jolt that you as a small business owner would never forget. Another party has decided to sue your company. An assortment of feelings surfaces from shock and frustration to anger and bewilderment. This was an unexpected development that you and your...