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Contracts form the foundation of most business dealings. If someone accuses you of breaching a contract, that doesn’t automatically make you wrong. You might have legitimate reasons for not fulfilling the agreement. By understanding these defenses, you can respond...
Starting a business is an exciting venture full of possibilities and dreams. But before you dive in, there's an essential document that can set the stage for your success: the operating agreement. Think of it as your business's playbook, outlining how things will...
Contracts are the backbone of business relationships. When a contract is vague, it can often lead to disputes. Clear language in contracts can avoid misunderstandings, disagreements and costly legal battles. How can contracts be vague? When contract terms aren’t...
When you're building a business, collaboration can be a powerful tool for growth. Teaming up with another entrepreneur or company can bring new skills, resources and expertise to the table, helping you achieve your goals faster and more efficiently. However, before...
As a business owner, there are many important things you would be wise to do in order to secure the future interests of your company. From carrying proper insurance to having thoughtfully drafted employment contracts, there are many practical steps you can take that...
As an entrepreneur, you know how hard you must work to bring your business to a point where it is profitable and sustainable. There are many challenges associated with owning and operating a small business, but there are specific things you can do that will help set...
Contracts are the lifeblood of the business world. They secure commercial transactions and provide the framework within which companies operate. While contracts can vary greatly in complexity and scope, all valid business contracts share three fundamental elements....
Starting a new business is an exciting step for many who have long dreamed of being entrepreneurs. For you, your company may have started with a simple idea, and now you are ready to face the future and begin taking the necessary steps to take your idea to the world....
Whether you work in the oil and gas industry or another industry entirely, you may decide that you want to start a business partnership. Rather than launching the company on your own, you’re going to partner with someone else so that this is a joint venture. You do...
Well-written contracts are crucial in business. Yet sometimes, one party intentionally tries to make the wording hard to understand. That could come back to haunt them if there is a later dispute over an alleged breach of the contract. It can also make a dispute more...