You loved the idea of working with a friend to start up your company. What you didn’t end up enjoying was how they were managing the business. Even though you were partners, they would often make decisions on their own. They’d take steps you weren’t happy with and...
Year: 2020
If a property is misrepresented, you may be able to break the lease
As a business owner, you never expected to lease a property that wouldn’t be what you expected. You were trying to find the perfect place to create your main office, but what you ended up with was a nightmare. Though you did everything you could to make sure your...
Protecting your company from a former worker turned competitor
When you hire a worker, especially someone in a creative, sensitive or executive position, you may require that they execute non-compete and non-disclosure agreements in order to protect your business's trade secrets and help it remain competitive. Unfortunately, some...
Are you ready to put a fair market value on a business for sale?
Building a business from the ground up takes a lot of focus, energy and investment. You may work for years to establish the company and make it competitive. All of that can eventually pay off if you are able to sell the business for a profit once you have the company...
How to manage downsizing in a business merger
One of the best ways to grow an existing business is to merge with another company in the same industry or with facilities that could benefit your business. Unfortunately, some of that growth may be more than what is currently sustainable for your company. You may...
How to avoid intellectual property disputes
What do Sir Isaac Newton, an Indonesian monkey and Mike Tyson's tattooist have in common? They all claimed someone had stolen their intellectual property. Whatever business you are in, you need to be proactive to avoid disputes over ownership of intellectual property....
Prevent and mitigate litigation to protect your company
If you're running a business that works with the public, the chances are that you'll face a lawsuit sooner or later. It's important that you have an idea of how to handle those lawsuits. Even if the lawsuit is inappropriate, some people will pursue them and cost you...
Why do trade secret leaks happen?
Your company has been working hard on several projects. These new projects are unlike others on the market, so you've kept them very quiet. The last thing you want is for your trade secrets to leak out.Unfortunately, the internet and the digital age has made it much...
The downsides to partnerships need to be considered carefully
You've been thinking about setting up a partnership, but you know that there can be some downsides to working with others. Partnerships are one of the simplest forms of business arrangements other than sole proprietorships, so it may make sense that so many of them...
Can you sue over a broken contract?
You have been waiting for weeks for the latest delivery of the items you needed for your store. You saw customer after customer come in and out, looking for what you should have had in stock. It makes you angry that you can't keep your shelves full when you have a...