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 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...
It has been estimated that approximately half of all businesses fall victim to fraud each year. Therefore, businesses must not only take steps to prevent fraud, but they must have systems in place to identify and respond to fraud when it occurs. In this article, we discuss how to identify if your...
The Federal Trade Commission (FTC) is a federal agency that enforces laws that protect consumers against unfair trade practices. These laws require businesses to provide consumers with enough information to make informed decisions about services and goods that they purchase. When businesses violate these laws, the FTC has the authority to take...
A breach of contract occurs when a party to an agreement violates one or more of its terms. A breach may be something minor, such as a late payment, or something more serious, such as failing to deliver a required item. If applicable, a party accused of breach may assert one...
Identity theft is a huge problem—both in Florida and throughout the United States. In fact, identity theft cost businesses in the United States nearly $60 billion dollars in 2021. As a business owner, identity theft not only compromises your business assets and information—it places your customers at risk. Therefore, it is imperative...
