Trade secrets are often at the heart of a business’s competitive advantage. They can encompass a variety of intangibles such as formulas, processes, designs, marketing strategies, and customer lists. One of the essential tools that businesses use to protect these secrets is the non-compete agreement. However, despite their potential benefits, non-compete agreements can be a […]
Tag Archives: Business Lawyers
When and How Should Equity Splits Between Co-Founders Be Formalized?
According to Harvard Business School professor Noam Wasserman, 65% of startups fail due to partner conflicts. Going into business with partners offers many benefits, but when you disagree on critical business decisions, it can result in some very negative consequences, including the dissolution of the partnership. When to Formalize Co-Founder Equity Splits As soon […]
What to Do If You’re Sued for Breach of Contract
Contracts are a normal part of business and are designed to ensure everyone keeps up their end of the bargain. However, there are occasions when it becomes impossible to abide by the rules of the agreement, and one party may sue the other for breaking a contract. That is when you need a contract lawyer. […]
Consequences of Breaking a Contract
Breaking a contract is a serious matter. It can have far-reaching consequences, including financial losses. If at all possible, it’s essential to try to avoid any breach of contract and work things out amicably first. What Does Breach of Contract Mean? When you sign a contract with someone, you are legally agreeing to specific […]
How to File a Lawsuit Against a Company
Florida law allows companies the right to terminate an employee for any reason. However, that does not mean the company can violate the person’s rights. In some situations, someone getting fired falls under the category of wrongful termination. At-Will Employment At-will employment means that your employer can fire you for any reason unless you […]
Legal Issues for Restaurant Owners
The current pandemic has ravaged the restaurant industry and has caused hardship on a scale not previously imagined. It used to be that a restaurant owner’s most cherished assets were its investors, its chef, or its best Maître D. Now, in the current crisis, a restaurant owner’s best friend may be its lawyer. The Coronavirus […]
Considerations in Settling Cases (Mediation/Settlement Conferences)
Mediation is an alternative dispute resolution (ADR) method, where the participants meet with a third party (mediator) to negotiate a potential settlement. The mediator is required to be unbiased, and he or she does not work for either side. The mediator listens to each side’s position and helps to facilitate a voluntary resolution to the […]
Key Provisions in a Commercial Lease – Part I
In negotiating commercial leases, there are several key provisions that should be given careful attention by both landlords and tenants. Counsel experienced in drafting, negotiating, and litigating commercial lease contracts should be consulted to review and negotiate these critical provisions to avoid potential consequences that may arise from a poorly drafted provision or worse, the […]