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If someone accuses you of breaching a contract, it’s time to pull the original contract out of your filing system. Your memory of what the contract says may have faded or distorted, and you’ll need accurate information to see where things stand. If you discover that...
As a business owner, your profits depend on the people who work for you and the people who purchase the goods and/or services that your company provides. Therefore, if you are considering a merger, you need to look at how it might affect each group. Unless you take...
Whether you’re just starting out, or have been in business for years, taking on a partner can be a tempting option. Having someone to share the financial and mental burden of running a business with can be very useful, but it won’t be plain sailing. What will you have...
Protecting your intellectual property (IP) is one of the first things you should investigate when starting a business. If you don’t, someone else could sneak in and take it, reducing your competitive advantage or making your new venture unviable altogether. You’ll...
Trying to run a business without solid contracts leaves you vulnerable to the goodwill of others. When you create a written agreement, you reduce your risk by incentivizing them (and yourselves) to stick to what you agreed. Yet many contracts have serious flaws that...