By H. Clay Parker, Esq. | Published March 30, 2022 | Posted in Business Litigation | Tagged Tags: closely-held corporations, corporate, minority shareholders | Comments Off on What Minority Shareholders Need to Know About Their Rights in Internal Corporate Disputes
What Minority Shareholders Need to Know About Their Rights in Internal Corporate Disputes
Minority shareholders are at a disadvantage when internal corporate disputes arise. In some cases, these shareholders are entitled to vote on certain important decisions, such as changes to the company’s articles of incorporation. But even if they don’t have such rights, they are owed certain duties that need to be respected and, if necessary, enforced Read More
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Suing Another Business for Tortious Interference
Competition among businesses can be healthy, but not when one company tries to undermine another’s contracts or business relationships. If you find your business has been injured by such tactics, you may be able to bring a lawsuit seeking damages for tortious interference. Plaintiffs suing for tortious interference in Florida must prove these four elements Read More
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Raising Affirmative Defenses to Fight Breach of Contract Claims
If someone sues you or your business for breach of contract, your response can go beyond simply denying the plaintiff’s claims against you. You also can assert what are known as affirmative defenses. These are essentially reasons why your actions were permissible and why the plaintiff should not prevail. They are called affirmative defenses because Read More
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Resolving Business Ownership and Management Disputes
Operating a business always carries the risk of running into legal problems, and they don’t always involve outsiders. Disputes can arise among co-owners and/or executives and managers, which can threaten or cause harm to the business just as much as outside forces. It is vital to timely detect potential problems that could be seeds of Read More
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Are Sellers Liable for Misrepresenting the Condition of Commercial Property?
The legal doctrine of caveat emptor — “let the buyer beware” — means that buyers are responsible for inspecting the quality and condition of property prior to purchase. If they fail to do so, they usually cannot hold the seller liable for any defects, even those that the seller did not disclose. Although Florida law Read More
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Do’s and Don’ts of Nondisclosure Agreements in Employee Contracts
Businesses have a legitimate need to protect their trade secrets and intellectual property. An effective way to do that is to require employees and independent contractors to sign a nondisclosure agreement (NDA), forbidding the sharing of confidential information with competitors. While NDAs are generally legal in Florida, courts tend to scrutinize them carefully and will Read More
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Protecting Your Business’s Reputation During Litigation
Protecting Your Business’s Reputation During Litigation In today’s world of 24-hour global news and non-stop social media, a business embroiled in a lawsuit can suffer reputational damage that may be as costly as the litigation itself. Information divulged in court papers, at trial or in out-of-court statements can be repeated, exaggerated and misinterpreted, injuring the Read More
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Common Disputes Between Business Owners That Can Lead to Litigation
As with all human endeavors, disputes are likely to arise among business owners, partners or shareholders over how an enterprise is being run or should be run. For instance, issues concerning the compensation of owners and officers can occur as a company grows and increases its revenues and workforce. Anticipating areas where disputes can erupt Read More
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Enforceability of Contractual Liquidated Damages Clauses
Liquidated damages are dollar amounts that parties to a contract agree will be paid in the event of a breach. Setting a fixed amount can be preferable to proving actual damages that might be difficult to ascertain when a breach occurs. Florida courts generally recognize the validity of liquidated damages clauses. However, in order to Read More
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How Attorneys’ Fee Provisions in Contracts Can Affect Litigation
It’s customary in the United States that each party engaged in litigation pays for their own lawyer. However, the “’American rule,” as it is called, has exceptions. One of them is where a contract provides for legal fees to be recoverable by one party from another in designated circumstances, such as when one party prevails Read More
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