By H Clay Parker | Published April 26, 2024 | Posted in Business Contracts | Tagged Tags: business contract, Confidentiality, jurisdiction | Comments Off on Essential Clauses for Every Business Contract
Essential Clauses for Every Business Contract
A well-drafted business contract is the cornerstone of any successful commercial transaction. It clearly outlines the rights and obligations of each party, minimizing the risk of misunderstandings and disputes down the line. However, many contracts lack essential clauses that can leave businesses exposed in unexpected situations. While the specific details will vary depending on the Read More
Read MoreUnderstanding Bad Faith Insurance Claims
Most of us pay insurance premiums with the peace of mind that, in the event of a covered loss, our insurer will be there to financially support us. But what happens when the company you rely on to protect you throws unexpected roadblocks in your path? In such situations, you might have a case for Read More
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Protecting Your Company With a Noncompete or Nonsolicitation Agreement
Noncompete agreements and nonsolicitation agreements can be used by an employer to limit activities of an employee after their relationship has ended. Such agreements are often entered into freely when an employee accepts the position with the company. However, there is a growing trend in the U.S. to restrain use of noncompete and nonsolicitation agreements, Read More
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How a Buy-Sell Agreement Can Avert a Bad Business Breakup
“Business divorce” is an apt term for the often messy and tumultuous ways in which a closely held business can undergo a momentous change. Just as with a marriage, small business breakups are often emotional and disruptive since they create rifts in once-steadfast relationships. No one starting up a business wants to contemplate its breakup, Read More
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Making Effective Use of Experts in Business Litigation
When a business disagreement ends up in court, the issues to be resolved are usually complex. Disputes can relate not only to what happened factually but also to the impact on the parties’ financial situations and the consequent liabilities that arise. Expert witnesses play a critical role in helping parties, attorneys and decision makers to Read More
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Do’s and Don’ts of Effectively Pursuing Commercial Litigation
When a business dispute escalates to the point of litigation, it is crucial to approach the legal process strategically to maximize your chances of a favorable outcome. Commercial litigation can be complex and challenging, but you can navigate it effectively by taking certain positive actions while also avoiding counterproductive conduct. Your overall litigation goal should Read More
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Why Commercial Lease Terms Need Careful Negotiation
When it comes to leasing commercial property, the devil is often in the details. While residential leases are relatively straightforward and governed by statute, commercial leases are typically customized to address particular business situations. Whether you are a tenant or a landlord, it’s vital to understand the essential terms of a commercial lease and why Read More
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Fraudulent Misrepresentation Under Florida Law — Elements and Remedies
Fraudulent misrepresentation is a civil offense that occurs when someone makes a false statement of fact to another person with the intent of inducing that person to act in a certain way, and the other person acts in that way and suffers harm as a result. Fraudulent misrepresentation falls under the purview of the Florida Read More
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Six Clauses Essential to Business Contracts
Commercial agreements are almost always put in writing. A well-written contract captures the essence of deal and as well as making clear the parties’ rights, responsibilities and expectations. It can also provide for dealing with contingencies and resolving disagreements. However, a contract should be tailored to the particular matter and circumstances so that it effectively Read More
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What Claims Are Common in Commercial Litigation?
While businesses and their owners usually can resolve their differences informally, sometimes matters end up in court. Since litigation is expensive, time consuming and often distractive from business operations, it is something to be avoided. However, sometimes there is no better option. The most common types of commercial litigation are contractual claims, including alleged breach Read More
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