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If you are starting a business partnership, it is generally wise to use a business partnership agreement. This serves as a contract between you and your new business partner. One of the main benefits of doing this is that it gives you a way to quickly and fairly...
Litigation can be a direct threat to brand equity for CEOs or owners. Managing your reputation requires a delicate balance between public transparency and the rigorous standards of the Florida Evidence Code. To mitigate long-term damage, executives must align their...
Employers have a responsibility to keep specific records regarding employee pay. The Fair Labor Standards Act sets the requirements for covered employers to keep certain payroll and time records for all nonexempt employees. These employment records must be accurate...
Businesses generally need to ensure that they adhere to all applicable state and federal employment statutes when managing their workers. They also need to ensure that they adhere to the terms outlined in an employee’s contract as well. Otherwise, workers could allege...
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...