As a responsible business owner, you always have one eye on your bottom line. But lately, one of your projects keeps eroding your profit margin due to the problem of scope creep. While you are committed to keeping your clients happy, you realize that you must draw a...
The Daytona Law Blog
How is intellectual property handled in a partnership?
Partnerships often start out when two or more people realize that they have a similar vision. They seek to bring something individually and collectively to the table that can move a company toward that shared vision. In some cases, one partner might have intellectual...
Can you fire your business partner?
You still like your business partner, and the two of you get along, but it’s just become clear that they are not the right person for the job. You made a mistake when you launched the business, and now you want to cut them loose and either run the company on your own...
What does unfair competition mean in the business world?
Those who own and operate a company in Florida have worked hard to create a thriving business. When another party resorts to fraudulent business activities, your company may begin to suffer. In the business world, this is called unfair competition. Essentially, unfair...
3 ways to deal with conflict as a business owner
Despite wanting to avoid it, the likelihood is that you will have conflict that involves your business at one time or another. The good news is that there are methods for handling conflicts, so you can resolve them and make your business strong as a result. Three ways...
Intellectual property ownership is complex: Here’s why
When you went online and were browsing through a few social media feeds, you were shocked to see a post about a product that one of your past employees designed while working for you. In your mind, that design was the property of your business because the work done to...
Do Florida’s price-gouging laws apply to your business?
Florida takes price-gouging very seriously -- so much so that the state even maintains a hotline where consumers can report suspected incidents. While that’s commendable, not every complaint made by an angry consumer is actually valid. What is price-gouging? Florida’s...
What are indemnity clauses in contracts?
An indemnity clause is common in many business contracts. Their general purpose is to shift the financial consequences of a problem from one party to another. However, not all indemnity clauses are built alike. What kind of indemnification is in your contract?...
Delivery times are a critical part of a contract
It’s all too easy to assume that a breach of contract between two businesses means breaking the main terms of that contract. The truth is that every aspect of the contract has to be followed, right down to the time of each delivery. Say you run a company that sources...
When business partners have different goals, trouble can start
=In your mind, your vision for your new company is very clear. You know why you started the business, where you want it to go and what you hope it can be. The same is true for your business partner. They definitely understand their goals and their vision for the...
