Trade secrets are often at the heart of a business’s competitive advantage. They can encompass a variety of intangibles such as formulas, processes, designs, marketing strategies, and customer lists. One of the essential tools that businesses use to protect these secrets is the non-compete agreement. However, despite their potential benefits, non-compete agreements can be a […]
Tag Archives: business law
When and How Should Equity Splits Between Co-Founders Be Formalized?
According to Harvard Business School professor Noam Wasserman, 65% of startups fail due to partner conflicts. Going into business with partners offers many benefits, but when you disagree on critical business decisions, it can result in some very negative consequences, including the dissolution of the partnership. When to Formalize Co-Founder Equity Splits As soon […]
What to Do If You’re Sued for Breach of Contract
Contracts are a normal part of business and are designed to ensure everyone keeps up their end of the bargain. However, there are occasions when it becomes impossible to abide by the rules of the agreement, and one party may sue the other for breaking a contract. That is when you need a contract lawyer. […]
Consequences of Breaking a Contract
Breaking a contract is a serious matter. It can have far-reaching consequences, including financial losses. If at all possible, it’s essential to try to avoid any breach of contract and work things out amicably first. What Does Breach of Contract Mean? When you sign a contract with someone, you are legally agreeing to specific […]
How to File a Lawsuit Against a Company
Florida law allows companies the right to terminate an employee for any reason. However, that does not mean the company can violate the person’s rights. In some situations, someone getting fired falls under the category of wrongful termination. At-Will Employment At-will employment means that your employer can fire you for any reason unless you […]
Five Solutions to Partnership Disputes
Going into business with a partner can be a great way to maximize your efforts and success. Your strengths and weaknesses may complement your partners’, giving you the best of both worlds. However, partnership disputes often arise, and it’s essential to know how to deal with them so you can get back to business. Here […]
10 Types of Business Fraud to Lookout For
As a business owner or professional, you need to worry about sales, operations, and management. However, you also need to be aware of common types of fraud that can plague a business and damage your credibility, reputation, and financial position. Business Fraud Prevention Make business fraud prevention part of your regular management strategy, and […]