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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 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...
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...
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...
Owning less than a majority share of a business can put you at risk of minority shareholder oppression. It occurs when those who own greater shares violate the rights of those who own less than half of a company’s total shares. Oppression of minority shareholders is a...
You may be inclined to seek a business partner when starting a business. Someone who can take a considerable amount of weight of running a business off your shoulder and establish strong connections. Many successful companies wouldn't be where they are today without...
You had a deal with a party that promised you goods or services. You and the other party to ensure everything would be done promptly. However, there were difficulties along the way and now you believe you’re dealing with a contract breach. Most contracts detail...
Entrepreneurs get into business partnerships for a variety of reasons. Done right, a business partnership can help you leverage each party’s strengths and grow your bottom line. While business partnerships are governed by the partnership agreement, they are largely...
Most businesses rely on a multitude of relationships for success. When something goes wrong in one of them, it can cause massive disruption to the whole enterprise. Hence you need to think carefully about how you handle them. Here are some questions to ask yourself:...
Nobody likes when their contract agreements aren’t met. The consequences of a contract breach can be immense and might put your business in jeopardy. Contract breaches can cost significant fees and could cause your business to have a bad name. If you’re planning to...
