A lot of disputes with contractors start out small. They end up turning into something big because people aren't sure how to handle the issue. They'll either delay talking to the contractor (which can give a relatively minor problem time to morph into a really huge problem) or approach the contractor in a way that creates unnecessary hostility.
Nothing is guaranteed in life -- especially where business is concerned. A shift in the local economy, a change in your personal circumstances, even new developments in technology can suddenly bring a once-thriving small business to a sudden halt.
If that happens, one of the biggest liabilities you may face is your commercial lease. You may think that you're simply stuck -- no matter what your situation. However, there are a number of different possible ways to end a commercial lease early.
When you freelance in the creative arts for a living, contracts can save your finances and your reputation -- but many freelancers don't know how to begin drafting a good contract or understand exactly why they need one.
Good contracts are actual designed to do one thing: Dispel misconceptions or errors that can later lead to conflicts. Without a clearly-written agreement, both parties can end up with unfulfilled expectations. Always keep that goal in mind when you're drafting a contract so that you stay focused on what really matters.
Could the only child of music legend Elvis Presley actually be just about broke?
According to Lisa Marie Presley's lawsuit against her one-time business manager, that's essentially how she's been left due to his mismanagement of her funds and poor decisions regarding investments.
Finding out that your business is the focus of a lawsuit is enough to make any small business owner feel sick. A lawsuit can make you feel like everything you've worked so hard to build could be swept away all at once.
Unfortunately, this is no time to fall apart. More than ever, you can't afford to make mistakes when a lawsuit is pending. Even before you reply to the lawsuit through legal means, there are several steps you should take:
These days, a lot of tech businesses rely on proprietary information and designs to thrive -- which means it is increasingly important to keep whatever intellectual property you have from falling into the wrong hands.
Unfortunately, some of those "wrong hands" can belong to your employees. If you don't take the necessary steps to preserve your intellectual property rights, your competitors and even former employees may end up benefiting from your hard work. Keep everything your business has and designs safe by following these three practices.
Hiring a contractor is a little bit stressful for most people. You don't usually do it often enough to effectively judge whether someone you're about to hire is good or bad at the job.
To make it a little easier, here are some signals that if you see them in the person you're about to hire, should send you in the opposite direction to look for someone new:
The ever-expanding medical marijuana business in the United States has created a lot of legal headaches in different industries -- and that includes the real estate industry.
Given how potentially profitable commercial real estate involved in the cultivation of marijuana can be, it isn't necessarily something you want to totally avoid. But that doesn't mean you don't also need to be cautious.
A number of Florida residents are very unhappy with their insurance company after filing claims for damage from Hurricane Irma several months ago.
Not only are their homes going without repairs, the homeowners are being sued by their own insurance company for contract violations.
Most employees think of a contract as something that protects them from getting fired for no good reason. They don't think of it as something that also legally binds them to a job they might decide they hate.
Unfortunately, some employers do include clauses in their employment contracts that penalize employees who leave before a contract's term has expired. This is particularly common in certain industries, like broadcasting. Someone who signs on for a year's work is generally stuck working that entire year -- even if they hate the job -- unless their employer agrees to let them leave without paying a hefty penalty.