The day-to-day aspects of business operations can involve lots of moving parts and the potential for partnerships. The way a business partnership functions can vary depending on a variety of factors. Because of this, every partnership should have a formal partnership agreement in place to ensure all possible scenarios that could affect the business are […]
Antitrust laws help regulate the conduct of businesses in order to promote fair market competition for the benefit of consumers. Recently, the U.S. Federal Trade Commission (FTC) announced it was considering a rule limiting businesses from pushing their employees to sign non-compete agreements preventing them from working at rival companies. Upon hiring, workers are sometimes […]
Home sharing company Airbnb is a resource many use for lodging while traveling in place of hotel or bed and breakfast accommodations. While the service has been quite popular, Airbnb recently sued a company in which it invested for breach of contract. Airbnb entrusted a Miami real estate developer to open the company’s first branded […]
A fiduciary duty is a legal obligation wherein one party must act in the best interest of another. The obligated party is known as the fiduciary and is entrusted with the care of the other party’s finances or property. When a breach of this trust occurs, it can have serious legal implications. Understanding how this […]
Contracts are very commonplace in business transactions and partnerships. These binding agreements help to ensure the parties’ agreed terms are carried out in full on all sides of the agreement. When a party breaches a contract, it can be damaging to those involved. Recently, Apple sued a former chip designer after he allegedly breached his duty of loyalty and contract with the company.
The merging of two companies is a fairly common business practice. Mergers and acquisitions can consolidate company funds or assets, help stimulate growth, bring about a competitive advantage, or increase market share. Though a corporate merger is usually beneficial for both parties involved, it’s important to be aware of the amount of time the process can potentially take. In fact, the recent merger between CBS and Viacom has been brewing for nearly 20 years.
It’s no secret that commission plays a big role when it comes to working in the sales industry. Not so different from servers or bartenders receiving tips as the majority of their pay, a sales commission is the additional compensation one would receive for exceeding the minimum sales threshold. However, what happens when sales opportunities are avoided because the expected commission is lower than most? For the National Association of Realtors (NAR), this situation is all too familiar.
