Recently, we discussed the elements of contracts in our blog post on contract formation. As we mentioned, it is important that businesspeople have at least a basic understanding of contract law and contract formation. Equipping themselves with this type of knowledge will make business professionals much more effective when it comes to contract negotiation, communication with attorneys, and even dealing with Read More

Slowly but surely, the American economy is beginning to recover as the coronavirus gradually wanes and workers return to work. Bit by bit, state restrictions on businesses across the country are being lifted. Things vary greatly, of course, depending on which state or which part of the country we’re referencing; but, on the whole, restrictions are being pulled back and the workplace is starting to gain a sense of Read More

It’s not entirely common, but sometimes, a lawsuit against a business or business owner seems to almost fall out of the sky. More times than not, though, there are indications that a particular dispute a business is embroiled in is headed toward litigation. If you only recently became an entrepreneur, it might be more difficult to pick up on these signs than it would if you were a seasoned veteran. Below, we have Read More

The process by which a potential franchisee officially becomes a member of a franchisor’s team is a thorough affair; a comprehensive franchise agreement, which addresses nearly every pertinent issue and contingency, is signed by both parties. Generally, the franchisee knows what he or she is getting into, and there is usually harmony. Because of the unique nature of this commercial relationship, though, there is Read More

Becoming a franchisee is often a good choice for entrepreneurs starting out. Franchises give business owners the opportunity to see how they like running their own operation while being given plenty of support through established brands, products, services, and processes. Some people assume that all franchises are, essentially, the same.  However, individual franchisees – that is, the ones who pay for a license to Read More

Small businesses are facing the brunt of the COVID-19 pandemic’s aftereffects. A few need to furlough employees, while others need to wait on business loans to help bail them out. No one knows when the outbreak will end, and when the shockwaves will abate. Nevertheless, here are four tips for small businesses after COVID-19 ends and is no longer a danger to everyone. We prioritize small business ideas and how to Read More

Despite your best efforts, your business is now the subject of a lawsuit. After receiving a demand letter, your actions were obviously insufficient to the other party. Once litigation has run its course, you are free to reflect on how you got to this point. In the meantime, though, you have a few steps to take to get ready to respond to the lawsuit and handle the situation. This blog will cover four actions you Read More

You likely heard that on June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”). The PPPFA provides some much-needed clarity and modifications to the Paycheck Protection Program (“PPP”). Overall, the changes are beneficial to employers who applied or are planning to apply for PPP and it appears the government has taken into account several criticism and critiques Read More

As a business owner, you spend an enormous amount of time trying to avoid this situation. However, it is not uncommon during the course of business that you will be faced with the prospect of having to defend your company against a lawsuit. This can happen to sole proprietorships and large corporations alike. To help you prepare for any possible business disputes that turn into litigation, we have outlined five types Read More