Starting a business is a complex process that can take many months and requires countless hours of personal time invested in addition to the financial contributions typically necessary to start a functional enterprise. Entrepreneurs eager to get their concept out to...
Business Litigation
4 common causes of business partnership disputes
Business partners (ideally) share their efforts and their resources to help build a functional and profitable company. In a two-partner firm, both business partners directly benefit from successful company operations and both of them might suffer if there were issues...
3 things to know when negotiating with possible business partners
Meeting someone who has similar aspirations can be a very valuable encounter for a would-be entrepreneur. A potential business partner can offer the expertise, support and/or funding that they require to turn their concept into a viable business model. Unfortunately,...
Six defenses to a breach of contract claim
The pandemic changed the way that many do business, and sometimes it made it hard, if not impossible, to meet the conditions of contracts drafted before the world changed. Despite the challenges, which now also include supply chain issues, a business may face a...
Taking action after a business partner’ breach of fiduciary duty
A business partner’s conduct can have a profound impact on someone's financial stability and their career. Oftentimes, people expect their business partner to split the managerial workload at a startup and make certain goals more achievable. When business partners...
Can a partner or business sue for abandonment?
Partnerships often begin with a sense of optimism, but some do not work out. If a partner leaves, it can elicit feelings of anger and frustration. It can also have a genuine impact on the company's bottom line. In such cases, the company or remaining partners may want...
Do companies need to disclose potential litigation?
The short answer to the above question is "maybe." Federal securities law requires publicly held companies to release financial reports. If there is a likelihood of a lawsuit and the ruling could impact the financial bottom line, the corporation should include the...
Fighting against attempts to freeze out minority shareholders
Your desire to see a return on your investments may have driven you to buy shares in a specific business. On the other hand, you may have an interest in the company's operations. As a shareholder, you should have some influence over the organization and stand to...
What factors influence whether litigation or ADR is right for your business dispute?
Business disputes are bound to happen. Like most business professionals, you want to find ways to resolve them as efficiently as possible – without being a pushover. Absent a provision in your contract that obliges you to resolve your disputes in a specific way, you...
Did someone breach your contract?
Breach of contract is one of the most common legal disputes businesses face. It can involve a company, vendor, employee, or customer who does not honor the terms of the agreement. Ideally, the two sides can sit down and find a solution that resolves the issue using...