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When business partners decide to part ways, the process can be complex. Whether the split is mutual or driven by conflict, handling a partnership dissolution the right way is key to protecting the business and both parties’ interests. When handled appropriately,...
A solid business-customer relationship is built upon trust. Your customers expect you to keep sensitive information secure. Failure to do so can ruin your reputation. Why does data privacy matter, and how can you responsibly handle your customers’ information? What...
The terms included in a contract impact the working relationship between the signing parties. They can also affect the enforceability of the agreement in the future. The integration of penalty clauses into contracts is relatively common. Service providers include...
Most people are not thinking about the possibility of failure when they enter into a business partnership. Rather, they are hoping that their partnership will bring new prosperity. While you are unlikely to get far without that positivity, it is important to remove...
You understand that employees are sometimes going to leave your company for their own reasons, such as moving, taking a different job, going back to school and much more. You want them to give you advance notice, giving you two weeks to prepare for the transition. In...
When you started your business with a business partner, you felt that the relationship would be good long-term. It would help the company succeed and the two of you would be able to get along. Unfortunately, that has not happened. Maybe you have experienced a lot of...
Many partnerships run fairly smoothly, so there’s never any real dispute. If your partnership hasn’t been that lucky and you’re dealing with a partnership dispute, there are some points that you have to consider. The ultimate goal of partnership dispute resolution...
Business owners often view a merger as a positive thing. It’s going to make the company stronger or more capable. It should increase the business’s earnings in the long term, as they expands their target audience or the capabilities that the business has. For this...
Business partnerships can be highly beneficial to a company. They provide a platform for partners to share responsibilities, financial capital and liability. A business partner has a fiduciary duty. Essentially, this means that they must always act in the best...
When seeking a new business partner, there are two ways to approach it. One is to look for qualities that you want in that partner, such as skills that complement your own. You need to be able to find someone you can work with and get along with on a daily basis. On...