Category: Business and Real Estate
-
Understand construction law to protect your rights
As a property owner or developer, you need to understand construction laws before you start working on any project. A simple dispute can be resolved amicably with the right information, but in complicated situations, your project could be dragged on for months or years without the right understanding of the law. Whether you’re planning to…
-
How you can boost your business plan
Your business plan is the first step toward creating a strong business that can stand up to changes in the economy and both positive and negative days on the books. You want to decide on your target market and show why the market will want to buy from you. You need to define your services…
-
What steps does someone need to take to dissolve their business?
Most business owners want their company to do well. Most will try their hardest to make decisions that will inevitably lead to financial success. But as you can imagine, sometimes the best laid plans don’t always go the way we want them to. For business owners, this can mean making the difficult decision to sell…
-
Employment contracts are not a one-size-fits-all thing
For those who are new to running a business, you should know that there are going to be decisions that you will need to make that will not only affect your business but your employees as well. These decisions may be as grand as deciding to merge with another company to something as simple as…
-
Why is the NFL relinquishing its tax-exempt status?
You may already heard that the NFL has decided to voluntarily relinquish its tax-exempt status — a designation that the league has enjoyed for nearly 49 years. It’s a decision that some within the public feel was long overdue, especially among those who felt that the league, for decades, had been intentionally “skimming millions of…
-
Business owners say FTC crackdown on payday lenders is unfair
There is a famous saying probably all of you have heard which is: one bad apple spoils the bunch. The phrase suggests that the bad actions of one person can easily affect the group. And in the case of payday lenders, this statement couldn’t be any truer. If you happen to have read the recent…
-
Staples, Office Depot merger: will it be considered a monopoly?
Federal anti-trust laws prohibit a company from cornering the market and creating a monopoly in a given industry. With any proposed business merger or acquisition, this is something that the Federal Trade Commission must take into consideration. That’s because federal laws see competition as necessary in any area of business. It forces companies to innovate…
-
Could a quasi-franchise model work for your business?
The fear of the unknown is what keeps a lot of entrepreneurs away from starting up their own businesses. It’s also what stops a lot of existing companies from changing their business models. What if the plan doesn’t work? What if the company loses money too quickly and it is forced to close? Will litigation…
-
Enforceability of letters of intent not an easy question
Before parties strike a contract in a business transaction, there is often a certain amount of negotiation that has already taken place. Contracts are understood to memorialize the agreements the parties made during the negotiation process. Business negotiations aren’t always clean cut, though, and sometimes disputes can arise over obligations the parties may have gotten…
-
What are the benefits of becoming an LLC?
So you’ve decided to start your own business. Great! If you’re like most entrepreneurs though, you’re finding out quickly that there is a lot to consider after making this decision, especially when it comes to the law and how it will apply to your business. When some entrepreneurs start their own business, the thought of…
-
Amazon settles contract dispute with book publisher Hachette
Thanks to huge advancements in technology, publishing has changed considerably in the last decade. Printed books and magazines have given rise to e-readers and tablets that offer the same product but for a fraction of the cost. But while technology has changed how people access printed materials, there is one thing that has remained relatively…
-
Things to consider when performing a business merger
In any given industry there is always going to be a competitor. This is not just a fact of life but a fact of the law. According to federal anti-trust laws, competition is necessary is any given industry to avoid creating a monopoly, which could drive up prices and negatively affect consumers. But did you…
-
Contracts in business law: non-disclosure agreements
In a blog post last week, we talked with our readers about non-compete clauses and the legal issues they could create for businesses who try to enforce them in states, such as California, where such covenants are considered void. We brought up the topic because of the national sandwich chain Jimmy John’s, which has fallen under scrutiny…
-
Contracts in business law: non-compete agreements
In just about every industry across the nation, employees are required to sign a number of legal documents before they can start their first day of work. From income tax forms to a standard employment contract, these legal documents not only hold an employee responsible for following the law but employers as well. But one…
-
Business tortious interference can lead to legal action
Thanks to our nation’s antitrust laws, businesses in the United States enjoy a healthy level of competition in their respective industries. This competition gives consumers a choice in the products they purchase or services they use. And for businesses, this competition pushes companies to create new products and services that will distinguish them from their…
-
Actress Kate Walsh caught up in potential contract dispute
As so many of our readers are aware, contracts are a staple in business settings. From agreements with other companies to employment contracts, the wording of these documents must be precise in order to avoid most major disputes. But even the most well written contracts can result in litigation, especially if one party has a…
-
Licensing agreements: what to know before signing a contract
New inventions are often considered to be the life blood of any business venture. The allure of new products and services drive public interest and along with it the economy. It’s because of this, as well as the promise of turning a profit, that many entrepreneurs have gotten into inventing. But as so many of…
-
The war of dollars: what’s really going on with Family Dollar?
If you’ve been paying attention to the news lately then you probably have a good idea of how scorned Dollar General was by the acceptance of Dollar Tree’s $8.5 billion bid for Family Dollar. Dollar General’s distain for the acquisition stems from the fact that it had long sought to acquire Family Dollar and had even offered…
-
For litigation mix one part mislabeling with one part Coca-Cola
According to federal regulations, manufacturers must include an ingredient list on consumable products. These lists must clearly display what is contained in the product in descending order according to weight. This includes any chemical additives or preservatives as well. Failing to do so can result in accusations of false advertising, which can then lead to…
-
What’s really going on with the Burger King merger?
Business mergers and acquisitions happen almost every day in countries the world over, oftentimes happening without so much as a tweet on Twitter. But a recent merger between Burger King Worldwide Inc. and Tim Hortons is grabbing national attention this month and raising concerns about why the two restaurants decided to join forces. According to reports, Burger…