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Effective and enforceable contracts are one of a company’s most important tools. The right agreement can build a solid foundation for a fruitful working arrangement between a company and its vendors, employees and customers. Contracts that are not strategically and...
The U.S. economy roars back as the pandemic recedes further into the distance. But, just as businesses are once again back in the office and hitting their stride, they now feel the weight of inflation. The U.S. Chamber of Commerce's Q4 survey showed that 71% of small...
Breach of contract is one of the most common disputes businesses face. This can occur when a vendor, business partner or customer does not fulfill the terms of an agreement. Ideally, the two sides or stakeholders can resolve the matter through negotiation or...
People assume that contracts are only between two parties, but others may benefit or suffer from a contract's performance. These are known as third-party beneficiaries, and they may have legal rights to enforce an agreement or share in the proceeds. They have this...
The details in a company charter will vary, but publicly traded companies will usually have different ownership levels. For instance, there are three classes of securities: bondholders, preferred stockholders and common stockholders. Each has its benefits, but common...
Texas passed the Deceptive Trade Practices Act (DPTA) in 1973. Its main goal is protecting consumers against false, misleading and deceptive business practices. It can involve unconscionable actions that (intended or not) mislead or deceive the consumer. Some common...
If your company is found guilty of corporate misconduct, be prepared for the Securities and Exchange Commission to claw back any excess compensation handed out to the executives. The agency has announced that it plans to crack down on corporate wrongdoing, and...
The stakes can be high when it comes to customer reviews. A low star rating with a negative comment can have a noticeable impact on potential clients. It can be tempting to push that negative review further down the list by posting newer, more positive reviews. If...
“If you make it through this, you ask, you learn, you adapt, and I think it only makes you stronger,” says the head of the National Association for the Self-Employed. A lot of business owners are feeling that way. The pandemic led to a great deal of upheaval, but...
As we move back toward normalcy, it’s important to ask how the overall economy is faring. Did the pandemic leave us with a shattered economy? Has main street died off? Is it still worthwhile to start a business, or will the economy just swallow it up? According to the...