Just like any big purchase involving four or more figures, buying an existing business should be done with a great deal of research, thought, and consideration. What are the things that people most often fail to do in this situation? Here are the top 5 mistakes: Not giving diligence its due. You’ve probably heard of the...
Trembly Law
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...
When starting a business with a partner, it can be tempting to just take things a day at a time without any formal agreements. In most cases, this will go quite smoothly for a little while. At some point, however, disagreements or situations will arise that can’t be ignored and create issues in partnerships. This...
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...
People start businesses for different reasons. Some individuals are hoping to remain in business for the long haul, potentially even passing down the company to someone in their family. Others enter for reasons of passion and interest but find that it fades over time. This can lead them to begin to consider the option of...
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...
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...
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...