Contracts

When a business model does not prove to be profitable, everyone who invested in or relies on the company may suffer. Business owners may sustain direct economic losses. Workers are at risk of facing reduced hours or job elimination. Landlords may suffer when tenants...

Business litigation could be the result of disappointed expectations, contract disputes and a host of other issues. Frequently, one party might initiate a lawsuit instead of looking into other solutions that might allow for an amicable resolution to the matter. What...

Employment contracts usually include details about compensation and performance expectations. They may also include restrictive covenants. Restrictive covenants are agreements that limit certain activities both during the employment arrangement and even after...

When two parties agree to do business with one another, they may negotiate a multiple-page contract explaining their obligations. There is an expectation that they should both fulfill their obligations in good faith. While it is beneficial to extend grace to one...

Businesses rely on contracts to prevent unfair competition, protect trade secrets and ensure they have the resources necessary to operate. Contracts can provide commercial space and materials. They also govern work relationships. Frequently, business leaders use basic...

Misrepresentation and fraud can create serious problems in business agreements. Whether intentional or not, they can lead to financial loss, damaged trust and even legal action.  Recognizing some common examples can help business owners be prepared.  False claims...

When one business fails to meet the terms of a contract, the other party may suffer financial losses or disruptions. A breach of contract can lead to serious consequences, but legal remedies are available to help rectify the situation. Below are some of the most...

An exclusive use clause is a rule in a commercial lease that protects a business from competition within the same shopping center or property. This type of clause is common in leases for retail stores, restaurants and service businesses. It helps ensure that a tenant...

Contracts are essential for the smooth operation and success of businesses in every industry. However, they are only effective with the appropriate language and relevant clauses. Accordingly, business owners can expose themselves to significant risks by failing to...

You’re a valuable employee, with a skill set that doesn’t come easily – so your employer wants to keep you on their team. As an incentive, they’ve offered you a retention agreement. A retention agreement is a legally binding contract that limits your ability to act...