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Unlike residential leases, commercial leases tend to be more complex because different businesses have varying needs. There are fewer legal protections as well. On the bright side, they are also more negotiable. As the property owner, you want a reliable, long-term...
In business, fiduciary duty is a legal responsibility that certain individuals or entities have to act in the best interests of the company. A person owes fiduciary duty if they are in a position of trust. Hence, there is an expectation that they will make decisions...
When starting or maintaining business partnerships, one important but often overlooked step is reviewing contracts thoroughly. A well-written and carefully checked contract is like a foundation and safety net for your business. It helps prevent expensive disputes and...
Starting a new business partnership is an exciting milestone for every business owner. But before you set sail, there is an essential document you need to examine: the contract. This document defines your relationship, sets expectations and protects your interests....
Leaving a company is inevitable in any professional’s life, whether it’s because of retirement, career change or personal reasons. It’s the same for business partners, but their exit may impact the company more than others. That is why planning for it is crucial in...
Every business owner dreams of building a lasting legacy. You've poured your heart and soul into your company, but have you considered what will happen when you're no longer at the helm? Succession planning is a crucial step that can keep your business thriving long...