Small businesses often run on a tight budget with very little wiggle room. They count on being able to have a consistent income that covers expenses and provides a living for their owners. Ultimately, many small businesses end up having to shut down. Approximately 20%...
When entering into a franchise agreement, a franchisee essentially obtains the rights to operate a business under the franchisor's brand and system. This complex contractual relationship involves various provisions that can significantly impact the franchisee's...
Navigating through bankruptcy is a challenging period for any business. Maintaining a company's reputation during this time is crucial for its future recovery and success. Bankruptcy can often be perceived negatively, potentially damaging trust with customers,...
Restructuring a business is a common undertaking in the wake of times of financial hardship. Businesses may restructure or reorganize internally or may do so in conjunction with a Chapter 11 bankruptcy filing. Business bankruptcy gives an organization an opportunity...
Starting a new business means taking total responsibility for an organization's development and future. It also means that the aspiring entrepreneur has to make some very challenging choices and engage in very thorough planning. Someone who is hoping to start a...
Every new hire can significantly benefit an organization. The right salesperson could bring in a huge amount of revenue, while an executive might help with a rebranding effort that changes a company for the better. Unfortunately, workers are also potential sources of...
Companies have to protect themselves from inappropriate conduct from others, as well as unfair competition. One of the ways they do so is through carefully-negotiated contracts. Employment contracts can help significantly reduce the liability that a company risks when...
When two aspiring business owners decide to work together, they can benefit from crafting a partnership agreement. It’s best to have a written contract to refer to in the future, which can help to avoid disputes and clarify key rights and responsibilities that can be...
When an entrepreneur starts a small business or someone takes over an existing company, they tend to invest quite a bit of their time and resources in the creation and development of the company. They may also take on certain risks, including personal responsibility...
Contract disputes often start small, possibly due to delays in product delivery. However, they can quickly spiral out of control. Attempting to resolve a contractual matter in civil court can result in additional lengthy delays during which the issue in question...