Buy-sell agreements are an important part of effective business management. But what happens when there are disputes with buy-sell agreements? How can you and your business move forward with confidence?
An indemnity clause is one of the most contentious and litigated elements in any commercial contract. Some people are reluctant to sign contracts that contain indemnification provisions. However, many people do not understand the importance of indemnity clauses and how they can impact their business.
Nobody enters into a business partnership imagining it will need to be dissolved one day. Unfortunately, a laundry list of unexpected life events, like market downturns, a change in a partner's professional direction and goals, bankruptcies, retirements, and deaths, can all force the potentially complicated issue of dissolving your business partnership.
Trade secrets are the “stuff” successful companies are made of. Their proprietary information may be the only feature that distinguishes them from similar companies, and that feature may be the key to their profitability.
If you operate a business, you’re no doubt aware that someone could come along and offer the same product or service at a better price—or they could use unfair competition practices to try to put you out of business.
When doing business, you are likely to sign a number of contracts with other parties to agree on mutually beneficial terms. Once a contract is signed, both parties anticipate that the other party will perform their contractual obligations.
If you co-own a property with others and you want to cash out but the others want to retain the property for other purposes, what are your legal options? What if you inherit property with others and no one can agree on what to do with the property? Are all of you stuck until someone budges, or there’s a sudden meeting of the minds?