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Restrictive covenants in contracts largely serve as deterrents to prevent misconduct. Vendors, independent contractors, business partners and employees for subject to restrictive covenants may avoid taking certain jobs, releasing non-public information or attempting...
A business partnership allows partners to pool financial resources, increasing their shared overall capital, bridging the gap in expertise and knowledge, offering tax benefits and leading to more business opportunities. However, this arrangement can also increase the...
Companies have to be on guard all the time when it comes to intellectual property rights. While most companies have a good grip on their own IP rights, they sometimes run into trouble through the use of another company's IP> Intellectual property woes can happen to...
Partnership disputes can bring about complex litigation. Business partners may find themselves at odds regarding their roles and responsibilities, or there may be financial conflicts. One business partner may want to exit the partnership entirely, or there could be...
Executives helping to run businesses typically make every reasonable effort to ensure that a company grows and generates profits. They typically benefit from the company’s success. Unfortunately, some executives abuse their positions to generate additional personal...
You built your company from the ground up. Over time, minority shareholders became part of the business. Their presence can be valuable, but it can also raise questions about control. Understanding their rights in Oklahoma is important. Knowing what they can and...
Commercial litigation often revolves around a breach of contract. This could be a contract between two separate business entities, such as a general contractor and a subcontractor or a manufacturer and a parts and material supplier. In order to show that a contract...
Fiduciary duties are a key part of running a business. As an executive, partner or owner, you must act in your company’s best interest. Understanding what counts as a breach is critical. In Oklahoma, courts closely watch loyalty and care in business relationships....
Companies use contracts to set the terms of deals between them, which is meant to protect both businesses. Each clause in a contract must be agreed upon and complied with. When anything in the contract isn’t followed as stated, the contract is likely breached. ...
Abandonment is one of the reasons behind many complex litigations involving business partners. When a business partner leaves a partnership without proper dissolution, they may be considered to have abandoned it. For example, if they leave the business before the...