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A commercial lease is an affordable and relatively fast way for a new or growing business to secure commercial facilities. Purchasing commercial real estate is a massive investment. Simply trying to obtain financing can prove to be a major challenge. A lease, on the...
Business agreements, contracts and transactions are typically viewed as a two-party affair. However, the involvement of third-party beneficiaries introduces an additional layer of complexity. Third-party beneficiaries are individuals or entities that stand to benefit...
Purchasing or combining facilities with another business can be very effective growth strategies. Organic company growth can be frustratingly slow, but a large business transaction like a merger or acquisition could lead to major changes for an organization....
Starting a new business is an exciting journey, albeit an involved one. One of the first critical decisions you'll face involves choosing the right entity type for your new enterprise. Your choice will result in significant implications for taxation, personal...
An anticipatory breach occurs when one party to a contract explicitly indicates they will not fulfill their contractual obligations before the performance is due. This can happen in various ways, such as a direct refusal to perform, a clear statement of intent not to...
Business owners often “start small.” They may run a company from their home office before securing a lease. Other times, they may have one location and aspire to expand to multiple other locations. Those running retail shops, service-based businesses or restaurants...
If you’re looking to start a business, you want to make sure that you do things the right way. You don’t want to accidentally violate anyone else’s rights or do something illegal that is going to compromise the launch of your company. As such, you might be concerned...
The corporate world is notoriously competitive. As a business owner, you’ve had to work hard to compete with rivals. Nonetheless, sometimes working with rivals can be more beneficial than butting heads. A merger involves two businesses (often rival firms) joining...
An employment contract serves as a roadmap, outlining the rights and obligations of each party. It minimizes ambiguities and sets the stage for a harmonious work environment. While every employment contract is different and should be tailored to the unique aspects of...
A business can be a lot to handle for one person. That’s why many people create business partnerships. There are many benefits to a business partnership, such as sharing liability and expanding client awareness. Business partnerships can last for years. These...