Business law

Small businesses often don’t have a lot of wiggle room in the budget. They usually count on prompt payments from customers and clients. Unfortunately, there might be times when those payments don’t come in on time, which may lead to the small business suffering. ...

Disputes and litigation can sometimes arise between business partners. This can be stressful, time-consuming and expensive. It can also significantly hinder the business’s operations, sometimes causing the partners to split up. In order to avoid these complications,...

As a business owner, you need a contract for almost all relationships you have. You need an agreement with a business partner, shareholders, employees, contractors, suppliers and clients. It’s vital to ensure that all your contracts have clear terms.  Ambiguity in...

Starting a business with someone else is a chance to put your joint knowledge into action, but it also comes with a risk of having to deal with partnership disputes sometimes. These disputes between partners can be risky for the company, so it’s critical that they’re...

Creating ironclad business contracts protects a company entering into a working agreement with a person or another business. Contracts make company operations predictable. They limit liability and legal exposure. Generally, contracts must outline the responsibilities...

People who are starting a business have to determine what structure they’re going to use. There are several to choose from, so it’s critical to carefully consider each option that’s available. While some choose to start the company as a sole proprietorship, there...

Employee handbooks can be powerful documents for a company, but only if they are written well. Too many businesses use employee handbooks that are hard to read, outdated or lacking in important details. The following are essential to a comprehensive handbook: A page...

There are many different types of clauses that businesses may add to their contracts. Severability clauses help ensure that the contract remains enforceable even if a minor violation of the agreement occurs. Penalty clauses help motivate people to uphold their...

As a business owner, you may enter into professional relationships with other companies. It’s best to do these with a contract. If you’re purchasing services or products, and if large amounts of money may exchange hands, it’s crucial to get everything in writing in...

Starting a business comes with a significant degree of risk. A substantial percentage of new businesses fail in the first five years. Even companies with unique offerings can be vulnerable due to litigation or sudden changes in operational costs. Aspiring...