Top Reasons Why Business Owners Need General Counsel

Although it is strongly recommended that you consult with a business lawyer when you initiate your business and to have your contracts established and reviewed on a regular basis, it is also beneficial for you to have general counsel in the form of an outside attorney. There are many different benefits that you can reap from outside general counsel. General counsel can be extremely valuable over the course of a Read More

Franchise Facts: Basics of Fees and Royalty and What Happens If They Go Unpaid

As a franchisee, you get access to an established business structure but there are costs that you must pay in order to achieve that. With more than 900,000 franchise businesses located across the United States providing all different kinds of services and goods, it's important to see that purchasing a franchise is like an investment. The franchise agreement will stipulate your responsibilities as it relates to Read More

Franchise Facts: Basics of Fees and Royalty and What Happens If They Go Unpaid

As a franchisee, you get access to an established business structure but there are costs that you must pay in order to achieve that. With more than 900,000 franchise businesses located across the United States providing all different kinds of services and goods, it's important to see that purchasing a franchise is like an investment. The franchise agreement will stipulate your responsibilities as it relates to Read More

What Franchisors/Franchisees Should Know About Trade Secrets and Proprietary Information?

It is important for any franchisor to understand trade secrets and to have a plan to protect these where necessary. The first step involves identifying trade secrets. Franchisors must be able to identify what trade secrets are with certainty. The operations manual on all of the information inside is not clear enough to identify trade secrets. Trade secrets are any piece of information that gives you specific edge Read More

Five Ways to Handle a Partnership Dispute Effectively

Getting into an argument with your partner can be an extremely frustrating experience and it can also have ripple effects throughout the business. Understanding the steps that you need to take in order to protect your own interests as well as the business are critically important when dealing with a partnership dispute. What follows are several different options that you have in this situation. Talk to the Other Read More

Four Contract Clauses Business Owners Should Consider

Contracts are an important way to do business with others whether it is contractors, vendors or partners. Having properly written and executed contracts can help save you in the event that the other party breaches. What you put into the contracts should always be reviewed carefully by a business attorney. Failing to have the right clauses inside any business agreement or contract may be something that an owner Read More

Steps to Take When Another Party Breaches Your Business Contract

Business contracts are the agreements that are the life blood of entrepreneurship and small business, and even major corporations today. When another party breaches a contract, it is important to understand your rights and responsibilities so that you can take the necessary steps to protect yourself and pursue legal action, if necessary. Ensuring that you have properly drafted contracts to begin with is one of the Read More

Employee Agreements Meant to Minimize Disputes: How Business Owners Can Use Them

A company should always be aware of the potential risks facing the business and take all necessary steps in order to minimize those risks that return. One of the best ways to do this is using employment contracts or employment agreements. These are legally binding agreements between an employee and an employer that lay out the duties of both parties and the terms of employment. These can assist a small business to Read More

Six Key Ways That Entrepreneurs Are Facing Risks

Establishing your own business is an exhilarating prospect but it is also one that comes with an inherent level of risk. Unfortunately, entrepreneurs continue to face risks in their business every single day and without knowledge of an outside professional in the form of a business attorney, they may be exposed to risk on a regular basis. What follows are six common situations that put entrepreneurs at risk even if Read More

How to Vet a Potential Franchisor

Engaging in any kind of franchise relationship should always be done with due diligence and the assistance of an experienced business attorney. After you have filled out the initial qualification form and gone online to do your research, this is officially clearing the first hurdle. However, after this time period you will need to engage in a phone call with the franchisor so the communication becomes a two-way Read More