Operating a business with a partner or partners can present a unique set of challenges. Often, partners don’t agree on the direction of the company, or one partner may try to exert too much influence and control. When things get tough, one partner may seek a quick exit and demand to be bought out.
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Breach of Express or Implied Warranty
Imagine that you own a business selling consumer products, and suddenly you’re faced with a slew of lawsuits over one particular product. The consumers are alleging a breach of warranty. You review the warranty and decide either they didn’t read it correctly or they caused the problem that they are now seeking compensation for. What do you do?
What Evidence is Admissible in a Contract Dispute?
We’ve all heard the saying “the best-laid plans of mice and men,” and that certainly applies when it comes to business agreements and contracts. Partners may start out thinking they have a mutually beneficial pact with clear-cut goals and responsibilities, only to find later that their “meeting of the minds” wasn’t as clear-cut as they thought.
Understanding Buy-Sell Agreements
Businesses with more than one owner can face serious problems if one owner needs to leave the operation for whatever reason — unless there is a binding buy-sell agreement between the partners.
The Key to Drafting<br/> an Enforceable<br/> Shareholder Settlement
In the course of running a business, certain issues often arise. Agreements that determine how disputes between shareholders will be settled must be properly drafted to protect shareholders and prepare for potential contingencies.
Do Hazardous Waste Regulations Apply<br/> to Your Business?
If your business requires the use of cleaning solvents, or even if it relies on electronic components such as computers, then you’re most likely using what are classified as hazardous materials.
Trade Secret Disputes: What Qualifies as a Trade Secret?
The formula for Coca-Cola is reportedly locked in a vault in the company’s headquarters in Atlanta, Georgia. Now, that makes it a trade secret, right? Actually, trade secrets can be less zealously guarded than the Coke recipe but still qualify as protected assets.
What you Need to Know About Contract Disputes
Contract disputes are often heated and fiercely contested. Apart from the time, money, and stress they can cost your business, contract disputes can cause irreversible damage to existing business relationships and partnerships. If you are involved in a contract dispute with another party or business, it is important to consult with an attorney for proper guidance.
How California’s Business Judgment Rule Benefits Business Management
If a director of a corporation in California faces a lawsuit for a decision he or she made that may have backfired or resulted in a financial loss, what liability does that person face? In the Golden State, the business judgment rule protects directors by establishing standards that they must follow.
Understanding Tortious Interference Claims in California
Business competition can be disruptive and sometimes even ferocious in nature. So what happens when an outside party interferes with an existing business relationship and causes economic or other losses? Through either willful or negligent actions, wrongfully harming the ongoing operation of a business enterprise can have serious legal consequences.