An anticipatory breach occurs when one party to a contract explicitly indicates they will not fulfill their contractual obligations before the performance is due. This can happen in various ways, such as a direct refusal to perform, a clear statement of intent not to...
A legal and fair way to eliminate commercial lease obligations
Business owners often “start small.” They may run a company from their home office before securing a lease. Other times, they may have one location and aspire to expand to multiple other locations. Those running retail shops, service-based businesses or restaurants...
Can you start a business with a similar name to another company?
If you’re looking to start a business, you want to make sure that you do things the right way. You don’t want to accidentally violate anyone else’s rights or do something illegal that is going to compromise the launch of your company. As such, you might be concerned...
Could a merger benefit your company?
The corporate world is notoriously competitive. As a business owner, you’ve had to work hard to compete with rivals. Nonetheless, sometimes working with rivals can be more beneficial than butting heads. A merger involves two businesses (often rival firms) joining...
Employment contracts: Important terms to include
An employment contract serves as a roadmap, outlining the rights and obligations of each party. It minimizes ambiguities and sets the stage for a harmonious work environment. While every employment contract is different and should be tailored to the unique aspects of...
2 reasons to end a business partnership
A business can be a lot to handle for one person. That’s why many people create business partnerships. There are many benefits to a business partnership, such as sharing liability and expanding client awareness. Business partnerships can last for years. These...
When should you update an estate plan?
Most people do not have an estate plan, so you are already ahead of the game if you have created one. If you haven’t, along with roughly 2/3 of Americans, it may be time to consider getting one in place. But it’s not just drafting the estate plan that is important....
3 business transactions you cannot avoid as an entrepreneur
Entrepreneurship is a journey filled with challenges, opportunities and pivotal decisions. In the dynamic world of business, there are certain transactions that every entrepreneur inevitably encounters. These transactions play a crucial role in shaping the trajectory...
How forbearance can help you manage a commercial property loan
In the dynamic world of commercial real estate, financing plays a pivotal role in enabling growth and success. However, economic uncertainties, market fluctuations and unforeseen challenges can disrupt the smooth repayment of commercial property loans. This is where...
How to handle shareholder disputes
Your company's shareholders are crucial as they essentially own the business. Thus, it helps to be on the same page with them. However, disputes between you and shareholders or among themselves can arise. Several factors can contribute to this, including breach of the...