The cornerstone of just about any business is entering into contracts with customers, vendors, employees and partners. Some are a straightforward bill of sales, but others are complex agreements with multiple partners worth millions of dollars. One thing that is generally understood is that those who sign a contract are expected to honor it. Sometimes, however, one party fails to deliver on their part of the agreement. When this happens, the other party may want or need to pursue legal action.
The community of craft beer brewers is often proud their own grassroots approach to doing business. Many are staunchly anti-big business at least until they get a purchase offer they cannot refuse. Many also strive to keep the business plan straightforward and to grow organically, choosing to focus on product rather than expanding their business footprint.
The Bair Hugger medical device has been in the news countless times in recent years. Its detractors claim that the commonly used patient-warming device manufactured by 3M Co. subsidiary Arizant was defective because it caused infections, particularly in surgeries involving hip replacement.
Contracts are crucial in the world of business. They establish both parties’ role in a business transaction, stipulate each side’s obligations and set a timeline for the business matter at hand. A well written, legally binding contract can provide peace of mind for all parties involved.
You have spent countless hours building your business from the ground up. One important part of this was coming up with your trade secrets: The secret pieces of information that help your business stay a step ahead of competitors.
The details of every business dispute are unique. Each case will require its own unique method of resolution. There are several ways to go handle business disputes. Two of the most common are arbitration and litigation.
Every company wants to get as much business as possible. If attempting to attract consumers crosses a line into deceptive trade practice, however, there could be serious legal consequences.
Even if a business contract is legally airtight, it can still be the cause of a messy dispute. In a perfect world, business contracts would always be 100 percent beneficial and satisfactory to every party involved. As most business owners know, this is not usually the case.
All kinds of needs and challenges come up for small businesses. What actions a business owner takes to address them can be very impactful.
One option for injecting money into one’s business is to get a business loan. However, it can be challenging getting approved for such a loan. A recent Biz2Credit study indicates a couple of things about the likelihood of being approved for a business loan here in California.