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...
BUSINESS & COMMERCIAL LAW – Contract Disputes
Specific performance as a remedy for breach of contract
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...
When should you update your business contracts?
When you enter into an agreement with a party, you typically develop terms and conditions to protect both parties. However, circumstances may change, and you may need to update the agreement. Here are some instances that may require updating the agreement: ...
4 common reasons for contract disputes
Contract disputes can arise between you and your business partner, shareholder, employee, supplier or client. These disputes can get out of hand, costing the business significantly. Thus, it's crucial to understand what causes them beforehand to make informed...
How should I handle a breach of fiduciary duty by a business partner?
Entering into a business partnership can be an exciting undertaking. With the right partner by your side, you can share ideas, pull resources and share risks and rewards that come with operating a business. Eventually, the right business partnership can help you...
Rules and restrictions with non-compete agreements
It is certainly true that your business can use noncompete agreements as a way to protect your company. These business agreements usually prohibit people from joining the competition or starting the competition by leaving your company to launch their own. But don’t...
How do you resolve a breach of contract?
You form relationships with different people and entities when you operate a business. This includes suppliers, vendors and even business partners. Each time you form a professional relationship, having a contract that outlines the terms and expectations of each...