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Shareholders generally benefit when the companies in which they invest are profitable. They typically do not want to take any actions that might undermine the company’s success or eat into the organization's profits. Occasionally, shareholders might feel compelled to...
By including a severability clause in a contract, the parties to the contract can make sure that if one or more of the terms in the contract is ruled void and unenforceable by a court, the remainder of the contract is still valid. A clause may be ruled unenforceable...
Businesses typically carry multiple types of insurance. Different industries require different forms of coverage. Executives and owners may acquire business interruption insurance, liability policies and coverage to address professional errors. Should an issue arise,...
When there is a material contract breach, it causes harm to a company. This could be a form of financial harm because the other party failed to adhere to the contract that they signed. The business that suffered this harm may want to litigate, seeking compensation for...
Going into business with a partner enables you to put your knowledge and theirs to good use. In most cases, each person will have their strengths that can cover the other person’s weaknesses. Because of differences between owners, it’s possible that there will be...
Hiring and training quality employees can be costly for your business. Therefore, it’s only natural that you want to protect your investment and prevent your employee from working for a competitor or starting their own business in the same industry. Non-compete...
Embezzlement can have a devastating impact on an organization. Especially in cases where the person embezzling is in a position of authority, their financial misconduct could cause extensive damage. Not only could the organization itself suffer, but the partner(s) who...
Most successful businesses carry a number of different insurance policies. There are various forms of liability that the organization needs to address, including premises liability and product liability. Companies may also carry insurance to address routine operating...
Employees can take legal action against businesses for an assortment of alleged issues. Workers may claim to have experienced harassment or other forms of discrimination in the workplace. They may also sue over violations of their wage rights. If workers assert that...
Building your business takes time and money. And, raising capital often feels like your biggest hurdle on your journey to success. But before you start taking money from investors, whether it’s friends and family or a crowdfunding platform, it’s crucial to understand...