It takes hard work to build up a business to the point of economic success. This is usually achieved by forming relationships with other businesses, whether those relationships exist on paper through a contract or whether they are simply sealed by a handshake.
Statistics have shown that approximately 70% of business partnerships eventually fail. Entering into a business partnership involves several risks. If these risks aren't properly managed, it could lead to the dissolution of the partnership.
In 2019, about 428 class action securities cases were filed across federal and state courts in the United States. Business owners and corporate directors involved in business management have a fiduciary duty to the company and its shareholders and may be held liable for mistakes in business judgment.
According to a recent TD Wealth survey, nearly 46 percent of respondents regarded family conflict as the biggest threat to estate planning. Improper communications and unrealistic expectations are among the causes of issues and tensions around inheritance.
California’s Unfair Competition Law (UCL) was established in order to prevent businesses from false advertising and fraudulent business practices. Not only was it meant to protect the consumer, but it was also intended to level the playing field of competition among businesses. Unfortunately, it is an easily misunderstood law that is often limited in its scope.
When companies partner to engage in business, disputes may arise between all partnering entities. When conflict happens, one of the main points of concern is who has the power to make the final decisions.
Many businesses in the United States are feeling the impact of the coronavirus (COVID-19) pandemic. Fortunately, your business interruption insurance may help replace the lost income and pay for additional expenses if the business operations were interrupted by the pandemic.
Negative statements about people or businesses appear regularly on social media platforms, such as Twitter, Facebook, or LinkedIn. If you believe you or your business have been "defamed" online or via social media, you may be able to file a claim against that person.
In California, all employment – with notable exceptions – is considered at-will. This means that either employer or employee can terminate the employment arrangement at any time for any or no reason at all. In other words, an employer can terminate an employee without cause or warning.
Contract disputes can be heated and divisive and often do irreparable damage to existing business relationships. They are generally multifaceted affairs involving an overabundance of documentation and correspondence. Having a knowledgable business litigation attorney is essential when a dispute escalates to the courtroom.
