Sometimes, it’s hard for businesses to reach a deal on an acquisition or merger. This is sometimes because of a difference in the valuation of the businesses. One option that some businesses use to address this issue is to set up an earnout as part of the deal. It’s...
Business Law
Are you setting your business partnership up to fail?
If someone told you that your new business partnership is doomed to failure, you are unlikely to be happy. Yet, statistics show it is the truth. Various studies have been done to assess the percentage of business partnerships that fail, and the consensus seems to be...
Reasons you can legally terminate a business contract
Sometimes parties get into a contract, only to find out at some point that things are not working out as they expected. You may be able to terminate the contractual agreement in that situation under certain circumstances, but you must first determine if you meet the...
Why you need to include an “out” in your business contracts
When you create a new business contract with someone, you need to remember that times are uncertain and things can change. With that in mind, it’s always wise to stipulate an end date on all of your agreements -- along with information on when (and how) a contract...
When your clients don’t pay up, what can you do?
There are always a few clients who ignore your invoices and let the 30-day mark pass without a word. Obviously, you don’t want to constantly chase the money you are owed, but you can’t afford to ignore the situation, either. So what do you do? You may eventually find...
Help! I just got served with a lawsuit for my business
First, take a deep breath. You are going to get through this. Sooner or later, all businesses face litigation of some sort, so you are in good company. The next thing you should do is contact your business law attorney. Lawsuits are on a timeline, and the clock starts...
Why partner with a business attorney ?
Business owners may face a variety of challenges as they work to build and grow their success. You may be able to address some of these challenges without legal guidance. For example, you likely will not need attorney assistance when making employee schedules that...
Should you go to court or try to settle your business dispute?
Business disputes come in all shapes and sizes. You could be the one initiating the claim or defending against someone else's spurious claims. Maybe a former employee just tried to open a competing business in clear violation of their contract with you. Perhaps a...
What can make a partnership agreement fraudulent?
When people draw up a partnership agreement, they need to provide complete and accurate information in their disclosures to the best of their ability. If one partner deliberately deceives the other(s), that can constitute fraud and make the entire agreement null and...
Protect your business against defect claims and lawsuits
As a contractor, you know that the success or failure of a building project is in your hands. If something goes wrong, you could end up with a very unhappy client -- and a project that is delayed or otherwise ruined. Construction defects cost you time and money, and...