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When someone has a fiduciary duty to another, it means they have to act in the best interests of that person or entity. They cannot always focus on their own best interests, as the fiduciary duty must come first. This can often lead to conflicts in a business context....
Partnership disputes can be devastating for a company, sometimes leading one partner to exit or the company to be entirely dissolved. These disputes can happen for many reasons, such as: Lack of trust Financial disputes Disputes over ownership Overlapping roles and...
Whether you are starting a business or a business or looking to expand an existing company, you may be considering taking out a significant business loan to get the capital upfront to get your plans and ideas for the future off the ground. You may firmly believe that...
Contract breaches can be frustrating and inconvenient. They can disrupt company operations and cost an organization money. In the worst-case scenario, a breach of contract can cause a ripple effect of negative consequences, including challenges fulfilling outside...
Conflicts can sometimes arise when one business partner wants to exit the partnership before the other is ready. The partner who remains may even claim that the other person is abandoning the business and causing significant harm. Ideally, the way that someone exits a...
Negotiating the details of a commercial lease is critical for the protection of both the tenant and the landlord. There are numerous different classes that either party may want to include in the lease. Commercial tenants hoping to open a new coffee shop or an oil...
Business contracts generally contain an assortment of different clauses. The exact inclusions depend in part on the nature of the contract and the relationship between the parties establishing a written agreement. Business leaders negotiating contracts with new...
When you purchase a new commercial property, it may come with an easement. It is important to understand what this means and how it can affect your use of the property. An easement typically gives another entity the ability to access the property, although they...
Business contracts need to be basically fair to all parties who sign on to them to be enforceable. They can negotiate for terms they want or need and keep out terms that could harm them. However, if any part of a contract – or the contract as a whole – is...
Businesses use contracts to establish contractual obligations with other businesses. There are many uses of contracts, such as arranging the transportation of goods, planning construction projects and outlining services. While a contract can clearly outline and...