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A contract establishes a legally binding agreement between parties. Contracts outline the obligations each party is expected to fulfil and how they benefit from the business transaction. A contract breach refers to when a party fails to fulfil their end of an...
Business partner disputes can be quite serious. They sometimes lead to mediation or litigation. Partners may be able to find a resolution, or they may need to go their separate ways. Understanding how and why business partner disputes occur can help those who find...
Construction disputes pull you into a space where timelines, money and unfinished work collide. Options like mediation or arbitration have been fronted as a way to solve most problems quietly. While true, not every conflict fits those routes. Some situations call for...
A contract – or more often, specific clauses within a contract – can be deemed “unconscionable” and therefore invalid and unenforceable. A contract or part of it is considered unconscionable if it is so one-sided or unfair that it favors one party almost exclusively...
Disputes are part of doing business, no matter how well a company is managed. When disagreements arise over contracts, partnerships or transactions, they sometimes end in litigation. Understanding how the litigation process works helps business owners make...
Business litigation is relatively common, especially in cases involving contract disputes. Those alleging a breach of contract often ask the courts to hold the other party accountable. A large percentage of business lawsuits eventually settle outside of the court....
When a minority shareholder alleges unfair treatment, businesses can find themselves facing a shareholder oppression claim -- an issue that can disrupt operations, damage reputations and trigger costly litigation. These claims often arise in closely held corporations...
Every contractor has their horror stories of projects that bled money, dragged on for months or wound up being a money pit. And while there can be a plethora of reasons for these construction project blunders, many can be attributable to scope creep. Let’s explore how...
Recent reports have noted that construction costs are on the rise. In roughly the last year, there was about a 1.4% increase in the price of inputs, such as parts and materials. But there have also been increases to the costs of natural gas, crude petroleum and other...
In competitive markets, healthy rivalry can help businesses grow and innovate. However, some competitors resort to unethical or even illegal tactics to undermine others. Such actions can disrupt operations, damage reputations and weaken customer trust. Understanding...