Executives and business owners negotiating a merger often let enthusiasm overshadow rational judgment. They become so excited about the future prospects for the business that they don't properly analyze the situation. Unfortunately, mergers come with a lot of risk....
Business & Commercial Law
2 common problems with an employment contract
An employment contract can significantly protect you and your employees. However, some factors may affect its ability to do so. You or your employees may unknowingly breach the agreement, which can lead to legal action. So, what are these problems that can result in...
Do you need a reason to fire an employee?
You inform one of your employees that you’re going to terminate them and that Friday will be their last day of work. The employee, however, is surprised and frustrated. They claim there’s no reason for the termination. They haven’t made any mistakes, and they’ve done...
3 important terms for employment contracts when hiring
Every new employee is an opportunity for a company to improve its operations. They are also a potential source of liability. Workers can make mistakes when manufacturing products or may treat each other poorly. Their behavior can damage a company's reputation. They...
Why a single-owner business can benefit from an LLC structure
If you either currently own or aspire to own a business, and you don’t plan on going into business with anyone else, you may be tempted to maintain/create a sole proprietorship structure for your company. After all, they take virtually no effort to set up, and you...
How going to court can help resolve contract disputes
Negotiating a contract should help businesses work cooperatively in most circumstances. Both companies clarify what they expect from each other and what they expect to receive from their arrangement. They may set clear terms for pay, project timelines and even the...
As an employer, can you require two weeks’ notice?
Ever since you founded your company, it has been your top priority. You want to set things up so that your company is in the best possible position for future success. One potential problem that you foresee is that employees may quit unexpectedly, leaving you without...
3 employment laws that only apply to bigger companies
Employers bringing in new talent have many issues to consider. They need to select the right candidate for an open position and then negotiate appropriate contract terms with that professional. They may need to provide certain accommodations or offer specialized...
How employers can sidestep a ban on non-compete agreements
Employers have long used their contracts with workers as a way to mitigate the risk of hiring a new employee. Non-compete agreements have been popular contract inclusions for years. They allow businesses to prevent a current employee from directly competing with the...
How construction companies can effectively collect on unpaid invoices
Construction work can be very lucrative. Unfortunately, actually securing full payment can sometimes be a challenge for those in the construction sector. Unpaid invoices can impact a company's operations by straining its budget, and many companies occasionally...
