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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...
When employees leave a company, they take their skills and knowledge. Sometimes they also take private business information. Such departures can quietly threaten your company's competitive edge. It becomes a nightmare if confidential data falls into the hands of a...
In Oklahoma, legal disputes often fall into two main categories: contract claims and tort claims. While both involve wrongdoing, they arise from different legal duties and have different requirements for proving a case. Understanding the difference can help determine...
Facing a fraud accusation in a business dispute can disrupt your operations and reputation. However, proving fraud requires specific legal elements, and there are several defenses that may apply based on the facts of your case. Lack of intent to deceive Intent is a...
Starting a business in Oklahoma involves many decisions, including whether your LLC needs an operating agreement. While Oklahoma does not legally require this document, having one can provide significant advantages for your business. Is an operating agreement legally...
Starting and running a business can be a thrilling experience with many opportunities, but it's not all fun and games. There are also risks involved, including the possibility of facing lawsuits. To mitigate these risks, entrepreneurs need a proactive approach. Here’s...
Take-or-pay clauses are quite common in the oil and gas industry, particularly in supply agreements. Essentially, these provisions help sellers create a guaranteed minimum revenue stream. On the other hand, buyers can ensure a secure supply of energy and, in most...
For many entrepreneurs, running a business comes with costly conflicts and misunderstandings. Addressing these disputes can be challenging, especially without legal help. However, you can take proactive steps to minimize the risk of disputes. Let's explore some...
Intellectual property (IP) disputes have become more complex as technology advances rapidly. In the tech sector, these disputes are not only about protecting patents and copyrights, but also address new challenges brought by innovations like artificial intelligence...