Post-closing disputes are a common reality in middle-market M&A. When undisclosed liabilities, accounting irregularities, or inaccurate representations surface after a transaction closes, buyers in Orange County must rely on the representations, warranties, and...
Contract breach
3 important ways to protect trade secrets when an employee leaves
It takes a lot of effort and dedication to build a business in California. However, a single breach of trade secrets can undo everything you have built. That is why you should exercise prudence when one of your employees leaves the company. Here is what you need to...
4 types of contract breaches every business owner should know
You draft contracts with the best intentions. You expect both parties to honor their commitments. But sometimes, the other side fails to deliver. When this happens, you need to understand what type of breach occurred. This knowledge helps you protect your business and...
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...
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...
Understanding minor and material breaches
As a business owner, contracts are essential since they operate as the framework for agreements and uphold mutual trust and responsibility. However, there are times when one side does not carry out the requirements outlined in the agreement. This is referred to as a...
Dissolving a business partnership without hurting your interests
Sometimes in business things simply fail to work out as expected. If a business partnership is no longer tenable, the only sensible thing you can do is dissolve the partnership so each party can go their separate ways. No matter the reasons, if you decide to sever...
How to handle a breach of contract
Owning a business means you will likely have agreements with multiple entities. You may establish contracts with vendors, partners, clients and more. The purpose of the contract is to outline each party’s responsibilities in the business relationship along with...
Understanding mechanic’s liens
Unless you have turned your construction company into an exercise in philanthropy, where you go around doing work for free, you probably need to get paid for your work. That is how you pay your employees and make a living for yourself. Unfortunately, some people out...
Access and modifications to mobile home lots in parks
Mobile homeowners are free to do what they want with the interior of the dwelling. When they reside in a mobile home park, there are limits to what they’re allowed to do outside. As a park owner or management company, it is imperative that you clearly convey the...
