When two parties enter into a contract, they create a legal agreement that includes an offer, acceptance, consideration, and mutual intent. A breach of contract occurs when one party fails to fulfill part of the agreement. Understanding how to address a breach of...
Family businesses are a cornerstone of American society, with half the nation’s GDP generated by small family-owned businesses. Customers may like the familial atmosphere of seeing two or three generations working together or the dynamic of sisters and brothers...
Every reputable business's lifeblood involves contracts. They stipulate terms for sales and services provided, price and dates for suppliers, and should include clauses that address foreseeable issues that cause one party not to meet the terms. While it makes good...
Contracts are the foundation of doing business with clients, customers and other companies. These agreements involve costs, deliverables, deadlines, and what happens when the contract’s conditions are not met. Using valid contracts means that a business can make...
New partnerships typically start with optimism, but not all live up to those dreams. Whether it is a difference of opinion or they left for greener pastures, the remaining partner or group of partners may feel like they've been abandoned. The departure also leaves...
Contracts are the lifeblood of any business. They outline such essential details as the scope of work done, the cost of the work, deadlines for delivery, and other things. Disputes over meeting the agreed-upon terms lead companies to file a breach of contract lawsuit....
