In the business world, contracts are everything. They outline the rights and obligations of companies, clients, vendors, contractors and much more. When a contract is not honored, this is often referred to as a contractual breach. Breaches of contract usually occur...
Business Litigation
Disagreements can lead to nonpayment issues for contractors
A general contractor is a professional who will take on construction projects, such as the building of a new home. Many times, a general contractor will oversee the whole project, while hiring subcontractors to do specific jobs, like plumbing and electrical work. But...
Understanding partnership agreement disputes
Joining a like-minded party in a business venture can make things a little easier. And if you get it right, a business partnership can broaden your reach and help you build a stronger and more profitable business venture. However, business partnerships, like all...
Has an employee leaked important business information?
You’ve worked hard for many years to establish your business and its reputation. Your company functions on the basis of using unique methods, technology and processes. In other words, your trade secrets are very important to you. If your trade secrets fall into the...
4 types of contract breaches
When running a business you’re likely to make a lot of contracts. Contracts help outline what is expected from another party that intends to provide a service to a business. Contracts can help ensure a business is running smoothly without having to step into dangerous...
Can a partnership contract be renegotiated?
Individuals get into a business partnership for a few major reasons: They want to grow their business partnership and make a profit. However, changes in circumstances can make an existing partnership agreement untenable. If this happens, and you do not wish to close...
Is it possible to minimize the risk of customer nonpayment?
Most business owners want to avoid litigation and legal proceedings whenever possible. Litigation is often disruptive in companies of all sizes --even large successful businesses. Simultaneously, you want your customers and clients to pay for the goods or services you...
My business partner breached our agreement: What should I do?
Going into a business partnership with another person can be very exciting as each party will be bringing some value to the table. However, a business partnership can also be stressful, especially when differences arise. This is why business partners sign a contract...
Useful methods for addressing late-paying customers
Business owners in Miami face numerous challenges in their day-to-day operations. One area that can cause issues relates to late-paying customers. Not only can customers who do not pay on time unnecessarily increase your levels of stress, but they may also impact the...
Lack of payment could lead to business litigation
Many business owners know that running a company could see its fair share of legal issues. Disputes could arise that can only be resolved through the filing of a lawsuit, such as those sometimes needed to collect on unpaid invoices. Certainly, other attempts to...