Business owners often have to enter into contracts with other businesses. Because these are legal agreements, it’s imperative that you have everything in order when you’re ready to sign one. You must take the time to ensure that the contract reflects what you’re...
The Daytona Law Blog
Can you lawfully rescind a business contract?
Sometimes parties get into a contract, only to find out at some point that things aren't working out the way they expected. There are some circumstances in which you may be able to terminate and rescind the contractual agreement. Whether you're able to terminate the...
How the internet has made IP infringement easier and more destructive
The internet has brought new and varied ways for people to infringe on your intellectual property (IP) that didn’t exist a few decades ago. Most people who infringe on IP belonging to others do so for their own profit. In some cases, it’s solely to harm the other...
Want to avoid business partnership disputes? Try these tips
When you start a business with someone else, you share a similar vision. Together, you work to make that vision a reality. Each person has strengths that they can bring to the company to help it grow and become profitable. Despite how well you and your partner get...
What if your shareholders disagree with you?
Offering shares in your company can be essential to raise the capital you need to grow. Yet, doing so can come at a heavy price. As soon as you have shareholders, you can no longer run the company however you want. You have a responsibility toward them in exchange for...
What is reasonable protection of your company’s trade secrets?
There are a lot of companies that invest significant resources in building their operational process, client list and other assets valuable company assets that fall into the category of trade secrets. They wouldn’t want to do anything that would result in these...
Is your goal to sell your business?
Most new business owners have long-term goals that will keep them involved with that company. They want it to grow, they want to create something that matches a specific vision or they just want to create a sustainable income source. For others, though, the entire...
Can you force your business partner to leave the company?
Your business partnership just isn’t working. Your partner is holding you back -- and holding the company back. Can you force them out? The first thing to consider is whether or not you have a partnership agreement or an operating agreement. If you do, it should...
Breaches of warranties and broken contracts: What’s the difference?
Many different types of contractual disputes may arise between companies and the individuals or entities that they serve. Breaches of warranties and contracts are two distinct allegations that can arise when something goes wrong -- but they're not the same thing....
Common reasons why business partnerships fail
You and one of your colleagues have decided to leave your employer and start your own company. Or, maybe you and your best friend from college have a great idea and are starting your own business. Whatever the situation, if you’re like a lot of business partners, you...
