Owners must consider various legal concerns after a business acquisition to build a solid foundation for the new company. Properly navigating the legal landscape helps to mitigate risks. There are a few important legal aspects leaders must pay attention to after an...
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Common causes of contract disputes
Contracts are legal agreements that outline the terms of a business deal or arrangement. Proper drafting is key to avoid disputes, which can lead to strained relationships and other issues. You cannot always prevent contractual issues, but knowing why disputes occur...
4 reasons businesses need to focus on cybersecurity
In today's digital landscape, technology centrally influences business operations. Businesses, regardless of size or industry, face a myriad of threats in the online realm, emphasizing the critical importance of cybersecurity. 1. Protection against data breaches The...
When is it appropriate to use a nondisclosure agreement?
Businesses thrive when they efficiently use their resources for progress and growth, such as intellectual property (IP). Unlike other assets, information can be challenging to secure, especially when various people need to access it to keep the business running. As...
3 instances when you shouldn’t hesitate to end a partnership
In the fast-paced and competitive business world, partnerships drive success and growth. However, not all partnerships are meant to last forever. There are instances when it becomes necessary to sever ties and end a business partnership. Partnerships can be rewarding...
How to avoid issues during a merger and acquisition
Mergers and acquisitions are complex transactions involving integrating two or more businesses. While they can lead to significant benefits, such as increased market share, cost savings and access to new technologies, they also come with challenges. To avoid issues...
What happens when a business partner refuses a buyout?
When a partner wants out of a business partnership, the remaining partners may have to buy them out to continue operations. But what if the outgoing partner refuses the buyout offer? It can be a tricky situation that could affect the future or continuity of the...
When is specific performance an appropriate remedy?
When you enter into a contract with another party, you do so with the expectation that everyone will fulfill their obligations under the terms of the agreement. However, it does not always turn out this way. The other party may fail to perform their part resulting in...
A non-compete agreement can help protect your business
As a business owner, you’ve put in countless hours and resources to build your company from the ground up. You’ve worked hard to establish a successful business - from hiring the right employees to developing a strong customer base. However, with success comes...
Understanding actual and anticipatory contract breaches
Most businesses are founded on the grounds of a contract. A contract is a legally binding agreement between parties, which ensures everyone meets their obligations for the benefit of everyone. However, contracts can be breached and this can greatly affect business...