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Executives at a company often have a fiduciary duty, not just to the business, but also to any investors or shareholders. These are people who have put their own financial capital into the business in one form or another, and they trust the executives to competently...
Companies have several parties they do business with for a variety of reasons, each of which can lead to costly and time-consuming disputes if they aren’t handled carefully. It’s critical that businesses take steps to limit their risk if they’re involved in a...
Businesses often count on multiple vendors to provide goods and supplies. But, just because a company chose a vendor doesn’t mean that they have to stick with that vendor. There are times when ending a business relationship with a vendor is the smartest decision for...
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,...