Deadlocks in closely held corporations can create significant challenges. This process is especially difficult when key stakeholders disagree on critical decisions. While litigation is one way to resolve these disputes, it can be costly and time-consuming. However,...
Business Litigation
How can businesses reduce litigation risks from cyber incidents?
Data breaches and cybersecurity incidents are major threats to businesses today. These events can cause financial loss, reputational damage, and legal consequences. Companies must take proactive measures to manage litigation risks associated with these threats. Use...
What does it mean to breach a fiduciary duty?
A fiduciary duty is a legal requirement that compels one party to act in the best interests of another party. This duty arises in various relationships, such as between trustees and beneficiaries, corporate directors and shareholders and business partners. Breaching...
5 signs you should consider dissolving a business partnership
People form business partnerships with the hopes of achieving common goals and shared success. However, not all partnerships stand the test of time. According to the Harvard Business Review, 28 million people dissolved business partnerships in 2020. There are...
3 reasons business partners may end up fighting in court
People who start a business together as partners generally share the same priorities. They want to develop a specific type of company and make it as profitable as possible. They will typically agree to a specific division of financial and practical responsibilities...
How can you avoid a business dispute with your partner?
Most people enter business partnerships with high hopes and ambitions. Unfortunately, collaborating with another person does not always go according to plan. Maintaining a healthy relationship with your business partner requires you to utilize various strategies to...
Shareholder motivations for taking legal action against a company
Shareholders who have invested in a business have a financial interest in seeing it succeed. Their chance of receiving dividends or making a profit when they resell their stock depends on the company's performance. In general, shareholders take steps that they believe...
When can you sue someone for fraudulent misrepresentation?
As a business owner, you rely on contracts with vendors, clients, employees, independent contractors, landlords and more. If someone violates the terms of a contract and causes harm to your business, you can sue them for breach of contract. They can do the same if you...
3 reasons to create a business partnership dissolution plan
Some business partnerships endure for decades. Other times, one partner decides to exit, or a dispute erupts in which partnership dissolution is the only remedy. Regardless of how large or successful a business is, ending a partnership works best if you already have a...
How to avoid disputes with your business partner
Business partnerships are successful when involved parties are on the same page and have the best interest of the business. Many entrepreneurs choose the partnership structure due to its numerous benefits. However, since you and your partner may be different, disputes...