Contractual agreements are common among businesses and other parties. By ensuring that contracting parties are aware of their legal obligations, well-written contracts can be advantageous to all parties. Unfortunately, contract violations do happen and can be...
Business Law
4 qualities to search for when scouting for a business partner
You may have recently decided that you can improve your business by working alongside a business partner. A business partner would be able to collaborate on all of the inner workings of your business and handle many important matters in your place. You don’t want to...
How do I deal with a dishonest business partner?
When two or more entrepreneurs form a business partnership, the primary goal is usually to bring their resources together so they can expand their reach and grow their bottom line. Sometimes, however, things just don’t go as planned. It is not uncommon for a partner...
3 methods to prevent business conflicts
As a business owner, you want to safeguard your company from any legal troubles. One such legal problem is a business dispute. You never know with whom you'll get into a business dispute. A recent contract breach by an established business partner or a problem with an...
What is the role of a silent partner in business?
In the realm of entrepreneurship and business ventures, the term "silent partner" may evoke a sense of mystery and intrigue. While the term itself may conjure images of a clandestine figure lurking in the shadows, the role of a silent partner is far from enigmatic. ...
3 common legal issues small businesses face
Small businesses are vital to the economy, providing employment opportunities and essential goods and services to local communities. However, running a small business is not without its challenges. One of the biggest challenges that small business owners face is...
Can you require employees to give notice before quitting?
It is certainly frustrating for a business owner if employees quit without giving any warning. If you find yourself in this position, you might suddenly be scrambling to replace that employee. It’s very natural for company owners to ask employees to give a notice of...
4 warning you may be dealing with a bad business partner
If you’re looking for a business partner or found someone who you think is the perfect fit for your establishment, but something’s bugging you about their character, then it may be time to take a step back. It’s often important to understand when a business partner...
Don’t use a handshake partnership for your business
When two people decide to start a business together, officially becoming business partners, they may be tempted to simply shake hands and move forward. They both trust one another. They believe that they both have the business's best interests at heart. They don’t...
Important elements of a partnership agreement
Deciding to open a business with a partner requires you to outline each person’s rights and responsibilities. The best way to do this is with a partnership agreement or contract. However, when creating the partnership agreement, it is essential that you include the...