A business’s cash flow usually reflects a critical factor in its success, or in some cases, its survival. Not receiving payment for goods delivered or work performed may cause a setback for many operations. A company may, however, file a lawsuit for nonpayment. As...
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When can I arbitrate?
Savvy business owners know that litigation is a last resort. This is because litigation is extremely expensive and time-consuming. Litigation can also cost your business valuable business relationships. It is generally a good idea to try to solve disputes by means of...
What should you know about leasing a commercial property?
As you grow your business, you may decide that it is time for you to have a physical store. Once you find the perfect location, you should consider several elements before you sign the lease. According to Business News Daily, a commercial lease is a binding contract...
What it takes to defend against a class-action lawsuit
It’s an unfortunate truth of the business world that no company is immune from the possibility of having to defend against a class-action lawsuit. Whether your company manufactures consumable products or provides a service, there’s always the possibility that enough...
What are alternatives to litigation?
As a business owner, it is important for you to have tools for solving disputes at your disposal. After all, disputes will likely occur in some form sooner or later. It is wiser to have a plan of action than to simply wait and hope you never get into any...
A data breach may lead to a legal action
Companies may incur liability for a data breach if it causes customers harm or financial loss. Protecting customers' private information has become a priority forcing many businesses to reconsider their IT outsourcing strategies. California legislators responded to...
A commercial lease may include a force majeure clause
Contracts containing a force majeure clause may protect a business owner's interests if he or she experiences an unpredictable natural disaster. As described by the American Bar Association, a commercial lease may also contain terms describing how a natural force such...
When does risk of loss pass to the buyer of real estate?
By the time you’re ready to sign the sales contract for the purchase of property, you’ve already gone through a lot of preparation. You’ve inspected the property, negotiated a price, secured financing and set a closing date. After such a huge investment, it’s good for...
Handling a lawsuit over allegations of harassment
As a business owner, getting sued is likely one of your worst nightmares. If you run a large firm, litigation can have a negative impact on your business in many ways. Aside from the financial consequences of legal action, litigation can create problems with regard to...
Breach of contract, negotiation and your response to a suit
If you are facing a breach of contract lawsuit, it is essential to recognize what is at stake and identify the best course of action. These lawsuits carry various repercussions, from financial penalties to court-related stress and damage to your firm's reputation....
