Starting a new job can broaden someone's horizons in unexpected ways. They gain greater insight into an industry, develop important connections and deepen their knowledge of a specific commercial niche. Professionals may soon come up with ideas that could fill a gap...
Business Law
Matters to carefully consider in a franchise contract
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...
The main risks of downsizing while restructuring a business
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...
3 factors that influence which business structure is best for a venture
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...
3 of the most common reasons why workers sue their employers
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...
3 types of restrictive covenants that Utah employers utilize
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...
What should be included in a partnership agreement?
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...
How can organizations tackle challenging contract disputes?
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...
What happens to a commercial lease during business bankruptcy?
Businesses are under constant pressure to generate revenue. Only a few weeks of decreased sales might prevent an organization from meeting its financial responsibilities. Businesses have numerous recurring expenses they have to cover to continue operating. They have...
Potential reasons for a business bankruptcy
There are many reasons why businesses fail, and it can be a complex mix of factors that ultimately lead to their downfall. This doesn’t mean that the business owner has even made a mistake. Sometimes, factors that influence bankruptcy are completely out of their...