As a business owner, you know there are few things worse than being owed money by another company that won't pay you. When efforts to collect what is owed you fail, one option you may want to consider is a lien on that company's assets. If you're successful in obtaining that, you have the right as a lien holder to sell those assets to recoup your money. Let's discuss what the process involves.
Understand the importance of a shareholders agreement
Divorces can happen to any married couple, even those who seem like they have it all. The reality is that no one really knows if a marriage will break down, and even with work, sometimes, they fall apart.
Dancers sued over stealing trade secrets, marketing plans
A North Carolina court has determined that a case may continue against dance instructors who left one studio to work at another. According to the studio that hired them, they brought the foreign dance instructors into the country under temporary work visas because of having extraordinary ability in the arts and athletics. The lawsuit states that the owners of Happy Dance spent time and money securing the work visas for two of their instructors on the understanding that the two would work for the Fred Astaire dance study the owners run.
Leasing commercial spaces: Get a good contract
In most cases, people looking to open a business start by renting a facility. Why? It's easier to get a rental property. You don't need as much capital, and you can save the funds you have for the things you need to keep your business running smoothly.
Having a partnership has benefits and downsides: Make a contract
Business partnerships are a great idea for people who want to expand or work with others in their field. Your business partnership might be a great way to get another person onboard with your ideas. Maybe your partner has the marketing experience while you're a financial guru. Whatever the situation is, business partnerships have a chance to help you in many ways.
Marriages and small businesses end for the same reasons
You may not think of your jointly-owned small business as a marriage, but, in many ways, that's exactly what it is.
What are compensatory damages after a contract breach?
A breach of contract can be frustrating and expensive; for business owners, it can also have a ripple effect as it makes it impossible to fill orders, business is lost and the company's reputation suffers.
Does a values agreement protect my business partnership?
Wherever you are in the life of a business partnership, understanding how each partner looks at a number of issues may affect your success immensely. Even if you're working with an idea that should be easy to make successful, conflicts within leadership can hamper a great idea from ever reaching its full potential. One of the most effective tools you can use to identify the priorities and perspectives within your partnership is a values agreement.
Standards can lead to construction disputes
You hire a builder to build your dream home. You're very hands-off. After all, this isn't what you do. You let the builder do what he does best and you just wait for the outcome.
What is a unilateral contract?
Your traditional contract is technically known as a bilateral contract. It involves a mutual exchange.
