As a business owner, it is important to always remain cognizant of the possibility of fraud. To put it simply: fraud can wreck your profitability, reputation, and more. Therefore, not only should you have a system in place to identify fraud, but you should also take steps to prevent fraud from...
A non-compete agreement, also commonly called a restrictive covenant or a covenant not to compete, is an effective way to protect employers from unfair competition by their ex-employees. Fortunately for Florida employers, courts in the state routinely enforce such agreements. In this article, we discuss the essential elements of non-compete agreements and...
Contracts are the backbone of the business world. Without contracts, parties in business relationships would be unclear regarding their expectations and responsibilities, thereby making the conducting of business extremely risky. So, as a business owner, it’s important to understand the basics of contracting. In this article, we discuss some important things to...
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...
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...
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 other 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...
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 of...
