Partnership disputes can arise for any number of reasons and can seriously disrupt business operations. One of the trickiest situations is a deadlock. These standstill situations are surprisingly common, especially in businesses owned and run by friends and family. If not handled carefully, they can cause a company to fall apart.
Category: Business Law
The Role of Expert Witnesses in Commercial Dispute Cases
Commercial dispute cases can cover a variety of issues, from the simple to the complex. And the volume and intricacy of the evidence involved in these cases are often directly related to the complexity of the issues being disputed themselves. As such, having a reliable attorney in your corner and expert...
Legal Risks in E-Commerce and Addressing Disputes in Online Business
These days, it seems like everyone in the world is engaging in e-commerce. The dry cleaners you have been using for years may suddenly accept Bitcoin as a form of payment. Similarly, the family-owned pharmacy down the street may have created a website to allow people to make purchases online and pick...
Class Action Lawsuits in Commercial Litigation: What Business Owners Should Know
Liability is a serious concern for any business owner. If your business negligently harms someone, you could be the target of a personal injury lawsuit. Such a lawsuit could be crippling even for large businesses. For small businesses, it could be a death knell.
As bad as a...
Insurance Coverage Disputes in Commercial Litigation
Insurance coverage is essential in any business. Smaller businesses, in particular, often start with a Business Owner’s Policy that provides blanket coverage for common occurrences like losses, property damage, and lawsuits.
Depending on the size and type of business you have, you might also carry insurance specifically for things...
The Role of Alternative Dispute Resolution (ADR) in Commercial Cases
Commercial lawsuits between businesses and consumers, vendors, suppliers, competitors, or other organizations can be lengthy and expensive. They can interrupt business operations, impact productivity, and damage a company’s reputation.
Regardless of the type of dispute, going to court is often the worst-case scenario. However, there are other options. If...
5 Shareholder Agreement Mistakes Not To Do
Perhaps one of the most important pieces of advice for entrepreneurs and small business owners is to ensure that everything is put in writing. Contracts and agreements are essential to protecting yourself and your business interests against future uncertainties.
Unfortunately, the excitement of starting a new business with others...
Why Your Business Needs a Buy-Sell Agreement
If you are operating a business that consists of one or more individuals, and you do not have a buy-sell agreement, you may be putting control over your business and its continued operations at stake. Your partners have interests in your common business, and those interests do not necessarily go away...
Penalties for Breach of a Fiduciary Duty
In the business world, owners and officers are entrusted with incredible powers over the business’s assets. To keep those with the power to bring about great benefit or great harm to a business accountable, the law imposes on them a fiduciary duty.
This duty requires these individuals to...
Understanding an Anticipatory Breach of Contract
Contracts are an essential element of running an efficient and profitable business. However, eventually, contractual agreements often lead to issues, disagreements, and even legal action. If you’ve become aware that another party is planning to break their contract, you have an anticipatory breach of contract on your hands.