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...
Category: Business Law
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.
Protect Your Business: 3 Types of Fraud to Be Aware Of
Most business owners have enough on their plates, and they certainly do not need to look for additional problems. Unfortunately, scam artists and fraudsters tend to target small business owners because they know that, most times, they’re more susceptible to being taken advantage of.
If you own or run...