Business Law

As someone running a business, you know what your trade secrets are. You know how you run your business and what satisfies your customers. You also know that if your competitors get ahold of your secrets, they could push you out of the market. That’s why it’s so...

Contracts involve a promise to exchange services, goods or financial resources. When you agree to purchase supplies from another company or provide them with certain services, you expect that they will fulfill their obligations to you under the contract.  Whether a...

The more trust you place in your employees and the more you invest in their professional development and education, the more damage they can potentially do to your company when they leave your company. A worker could use your secret recipe or proprietary manufacturing...

Contract errors could have serious negative consequences for your business. If you send a signed contract off and the other person signs it, then you have entered into a legally binding agreement. While they may oblige and allow you to redo the contract, they do not...

A business partnership can be an excellent option for a couple of people who want to pursue the same entrepreneurial concept. It may not require as much written planning as a corporation or leave you with as much personal liability as a sole proprietorship would. ...

Many individuals who run family businesses assume that the generations that come behind them will want to follow in their footsteps and take over their business once they're gone. This isn't always the case, so you may have to eventually look beyond family. Either...

If you have your mind dead set on starting a company from the ground up, that’s a great way to become a small business owner. Many people do it every year, and it can be incredibly rewarding.  That said, there is also the option to buy a business that exists and take...

Many companies offer shares in their company to raise the capital necessary to grow their reach. While this is one of the many benefits associated with taking on shareholders, there are some downsides to doing so. Your shareholders can dictate how you run your...

When you and your business partner first started out, neither of you had much time or energy for anything but your fledgling company, including romance. Things have changed since then, and your business partner has found the person they hope to make their mate -- but...

Many companies have trade secrets or other proprietary information that they want to protect. A company's leadership may have employees sign contracts, including nondisclosure or non-compete documents. Companies do this to protect their valuable assets from ending up...