Getting into a business partnership with a like-minded person can be exciting and rewarding. After all, there is strength in unity. However, business partnerships also come with their challenges. There are instances when a partner’s actions might result in...
Year: 2023
3 unfair trade practices that can trigger business disputes
In business, navigating the complexities of trade practices is crucial for maintaining a fair and competitive marketplace. Unfair trade practices can be the Achilles' heel for businesses. They can disrupt the equilibrium and lead to disputes that have far-reaching...
When does a business partner have a fiduciary duty?
A partnership is a business formation owned and operated by two or more individuals or entities. It can come in the form of a general or limited partnership. A general partnership is the most basic form, where all partners share managerial responsibilities and...
New law could change security deposits practices for landlords
A significant shift is on the horizon for real estate business owners in California. The newly signed law (Assembly Bill 12) by Governor Gavin Newsom could dramatically alter the scenario for property owners. This law reshapes the landscape around security deposits...
How to minimize disputes with tenants
There’s always the possibility that a dispute could develop between a landlord and their renter. As a landlord, however, it’s in your best interest to learn to minimize (or stop) disputes before they happen. There is no one right way to prevent conflicts, but the...
When is “specific performance” a good remedy?
When you make a deal with someone, you know that a written contract can help protect your interests – but some people believe that contracts are made to be broken. Generally speaking, when one party breaks a contract, the courts usually resolve the issue by ordering...
How can you fight an eminent domain order?
If you invested in property for your business, it has probably taken a lot of time, effort and money to get the property and any buildings on it as you want. The site and location will likely have become important to you, your customers and your employees, and being...
3 ways that trustees could improperly profit from their role
A trustee may, depending on the circumstances of a trust, have a very challenging job. They are responsible for administering a trust in accordance with the written instructions for the trust while also abiding by all relevant state and federal statutes. It is typical...
Why cultural due diligence should not be ignored in M&A
Due to its intangible nature, businesses tend to forget about culture when dealing with mergers and acquisitions. It is more common for companies to prioritize quantifiable metrics and immediate gains. Unlike financial and operational aspects, culture is not something...
Should you sign an NDA when entering into a partnership?
In the world of business partnerships, it is not uncommon to share sensitive information with partners during the course of a partnership. While doing so, however, it’s vital to keep confidential data from the public and your competition. And this is where a...
