The Pitfalls of Vendor Contracts

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.


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Grounds For Suing a Business Partner

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.


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Common Legal Problems for Small Businesses

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 […]


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