Most people do things to protect themselves and their property. Homeowners lock their doors at night and insure their valuables. Unfortunately, very few people protect themselves from fraud, and with the rise of the Internet and digital software, fraud is getting easier to commit.
In general, the use of non-compete agreements in many contracts is coming under increased scrutiny from the Biden administration. One of the recent salvos in the campaign against non-competes has been launched by the Federal Trade Commission.
When your company does business with vendors for goods or services, you need clear and well-drafted contracts to govern these relationships. Otherwise, you may be risking future headaches that could include supply disruptions and lawsuits. There are a number of situations and pitfalls arising out of poorly written vendor contracts you must act to prevent. Sloppy contract drafting or a lack of foresight could doom your company to legal troubles. The best way to avoid problems with vendor contracts is to have an experienced attorney draft and review your contracts. In the meantime, here are some common pitfalls businesses may face with their vendor contracts.
When you go into business with a partner, you may end up getting far more than you initially bargained for. Partnership agreements bind you to someone else. For better or worse, you will reap the benefits and bear the consequences of their actions. What someone else does can affect you both personally and professionally. There are some cases in which you may need to sue a partner for wrongful actions. The special nature of a partnership adds an extra degree of potential complication to these lawsuits.
In many cases, a company’s contracts are one of the major reasons why a suitor wants to buy it. In most instances, the buyer of the business should be able to assume a contract the seller had. The question is usually what process the buyer will need to follow in order to substitute themselves into an existing contract.
There are times when monetary damages will not be enough to help a plaintiff get what they need in court. In some cases, they simply need the behavior to stop. In those cases, a plaintiff can seek a temporary injunction for injunctive relief. A judge would either order a halt to the behavior in question […]
Oil and gas leasing is a complex area. The landowner wants to monetize and be paid for the resources on their property, while the oil company wants to maximize its profits and ensure a steady supply of products. Oil and gas leases often require extensive negotiations between the two parties. It is essential to get […]
Candidates for public office must follow a myriad of laws and regulations. The law treats campaigns with the utmost seriousness. Both the state and federal governments closely regulate campaigns, and they may take action when they find legal violations. Punishments can include both large fines and potential jail time. It is critical that political campaigns […]
For small business owners, legal issues can be both distracting and dangerous. They require time and attention from the business owner that is better used growing their company. In addition, legal matters put owners in a difficult position because they are dealing with matters that are unfamiliar to them. If they make a mistake, it […]
A contract is a critical document that governs your relationship with a vendor. If any mistakes or important clauses are missing in the contract, you may end up paying a price for it. Therefore, it is crucial you obtain professional help before you negotiate and agree to any deal. This investment may save you both […]
