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...
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What can you do about minority shareholder oppression in Ohio?
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...
4 traits of a good business partner
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...
The difference between a minor and material contract breach
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...
How do I deal with a business partner who is stealing?
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...
2 questions to consider in a business dispute
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:...
What kinds of contract breaches are there?
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...
How do you retain top talent in a merger or acquisition?
When companies go thru a merger or acquisition, there is often an exodus of their top employees. This tends to be fueled by fear and uncertainty about how things will change due to the acquisition. Employees are naturally concerned about how they will continue to do...
A breach of contract is everybody’s business
Almost everyone enters into a business contract with the best intentions. After all, meeting contractual agreements is just good practice and may establish relationships and grow your business. What happens, however, when your good intentions go awry? You may...
Is it time to take on more employees?
You established your business a few years ago and it’s thriving. In fact, it’s almost becoming too much to handle. You have a stable workforce that has boosted your company exponentially. You expect more growth in the future. However, you are not sure if your company...