There are many advantages to starting a small business, including being your own boss and achieving financial independence. However, when starting a small business, there are also many opportunities for errors—many of which are legal in nature. Therefore, before starting a small business, it is advisable to seek legal guidance. In this...
Equine events, such as races and horse shows, provide excellent opportunities for horse enthusiasts to do what they love. However, those who put on such events take a significant risk. Horses can be dangerous, and they present a risk to participants and spectators alike. Therefore, as an equine event organizer, it is...
When purchasing a horse, you expect it to be healthy and fit for your intended use. Unfortunately, however, some horse sellers are less than honest when conducting business, and they sell horses with known medical defects. In addition, others may unknowingly sell horses with medical problems. In this article, we discuss what...
There are many advantages to entering a business partnership. For example, entering a business partnership provides an opportunity to combine resources with another individual who may possess skills that you lack, and vice versa. In other words, a business partnership allows one or more people to combine their knowledge, skills, and resources...
A fiduciary is someone who holds a legal or ethical relationship of trust with another party. Thus, a fiduciary relationship entails being bound both legally and ethically to act in another party’s best interests. A breach of fiduciary duty occurs when a fiduciary fails to comply with his or her legal or...
A partnership agreement is the foundation upon which the legal relationship between business partners rests. This agreement is the basis for the rights and responsibilities of each partner. When one partner breaches this agreement, it can cause harm to the non-breaching parties. In this article, we examine the steps to take if...
The equine industry is growing in popularity, which means that more people than ever are buying and selling horses. Unfortunately, however, many of these equine sales lead to disputes—some of which result in litigation. So, whether you are a buyer or seller, it’s important that you takes steps to avoid such disputes....
A shareholder agreement, which is also sometimes called a stockholder agreement, is an understanding among shareholders that outlines how a company will operate. In addition, shareholder agreements govern shareholders’ rights and responsibilities. These agreements are crucial to ensuring that shareholders’ interests are protected and that they will receive fair treatment. In this...
A non-disclosure agreement is a contract in which one or more parties promise not to disclose confidential information that they have shared with one another as a necessary part of conducting business together. If you are a business owner, there is a good chance that you have confidential information you need to...
Businesses are a common target of lawsuits. Therefore, as a business owner, it’s important to take steps to reduce your litigation risk. Unfortunately, however, regardless of your efforts in this area, there is a good chance that your business will be the recipient of a lawsuit sooner or later. Certain types...
