When two business partners own equal shares of a company, the arrangement often begins with optimism. Equal ownership can feel fair, balanced and collaborative. Each partner has an equal voice, equal financial stake and equal authority over major decisions. But when...
When starting a business partnership, one of your goals may be to avoid future partnership disputes. Maybe you have heard stories of partners getting involved in such serious litigation that there is no way for them to resolve it without simply selling the business...
Trade secrets are generally quite valuable. Business leaders often develop unique processes, proprietary recipes or private customer lists that give them an advantage over their competitors. Any information that is not readily available to the public and that...
When a deal goes bad or unravels, the parties involved often describe the situation in moral terms, using words like “dishonest,” “deceptive” or “fraudulent.” While those descriptions may feel accurate on a personal level, the legal distinction between fraud and...
Business owners and executives have many valuable resources to protect. They want to ensure the retention of high-performing employees. They need to protect their physical premises from burglary and other criminal threats. They also need to consider the company’s...
There are many different types of investment fraud in which a financial professional may take advantage of their position. People often turn to these experts to help maximize their financial situation. However, someone who abuses this position for their own gain could...
When your business (like most) relies on its agreements, there are few things more frustrating than holding up your end of a contract while the other party simply… doesn’t. Maybe the other party stopped communicating, maybe they missed a critical deadline – or maybe...
Business partners need to work together to develop a thriving organization. If they end up fighting with one another, the company may suffer. Most of the time, business partners can work through their disagreements. Occasionally, they may end up going to court....
When a loved one or close friend passes, their executor or administrator manages the decedent’s estate throughout the probate process. However, some Cleveland residents accept the responsibility and then discover that they are in over their heads. Below is some...
Issues with a contract are frequent in business. They can occur in even the best of relationships. Whether a contract breach by another party is major or minor, it is wise to bear the following three things in mind. These can help you determine how best to respond. 1....