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In general, a fiduciary duty means that someone has to consider the best interests of another individual or potentially a business entity when making decisions. If they have a fiduciary duty, they cannot simply act in their own best interests at all times, especially...
Business disputes are almost inevitable, but how you handle them can make a big difference in your company's future. While filing a lawsuit might seem like the only way to get justice when dealing with a contract breach, a partnership fallout or unfair competition, it...
The contracts you sign with the parties you work with, be it an employee, business partner, supplier or contractor, will include dates. These dates are crucial, as they impact the enforceability of your agreements. Below are four examples of such dates: 1. Execution...
As a small business owner, you may find yourself networking and meeting other business owners in your local area. If two of you hit it off and think you can work well together, you might come up with ways for your companies to complement each other. By working...
A business partnership can be highly beneficial. Partners can share the workload as well as financial investments and legal obligations. Nonetheless, there are occasions when business partners don’t get along. Here are some of the most common types of contractual...
As a business owner, you might consider working with influencers for some of your marketing. While businesses have long worked with the stars of Hollywood or the sports field to promote their products, influencers have taken things to another level. Whether you like...
When companies hope to attract or keep key players in their industry, they may offer those executives something known as a “golden parachute.” A golden parachute is a group of benefits that executives are guaranteed if their positions are terminated when another...
Partners generally go into business together because they each have something they can contribute to their shared company. Many of these arrangements can move forward without any issues, but there are times when conflicts may occur. A partnership dispute must be...
From sharing responsibilities to growing assets and operational capital, entrepreneurs get into business partnerships for a variety of reasons. With the right partner, you can build a stronger and more profitable business. Unfortunately, a business partnership, just...
When parties enter into a contractual agreement, they expect each party to fulfill their obligations. Unfortunately, breaches of contract are not uncommon. These can lead to disputes and legal challenges between the parties involved. Various remedies are available if...