Business Law

If your business partner tries to sell commercial property without your approval, you may have immediate legal concerns. Whether a partner has authority to transfer the property depends on how title is held, who owns it and what the governing agreements provide. Who...

Years of business growth can be placed at risk when a partner is dishonest. This dishonesty often appears in ways that seem small at first. A partner may hide financial records, divert company funds, enter into side deals or make decisions for personal gain – all of...

Title defects are issues with the property’s title that can complicate the process of transferring it from one individual to another. Sometimes a title defect just causes a delay. In other cases, it means the transfer cannot happen at all. There are many different...

Restrictive covenants can serve as powerful additions to modern contracts. Instead of imposing obligations on either party, restrictive covenants instead aim to prevent certain types of conduct. Noncompete agreements are popular among employers when hiring workers who...

Profit sharing is a crucial component of any business partnership. When profits are not divided fairly or when expectations are unclear, disagreements typically follow. These disputes can quickly erode trust among clients and shareholders, as well as the overall...

“Self-dealing” happens when someone in a position of trust uses their role to benefit themselves instead of the business. This often involves company directors, officers or partners. These individuals have fiduciary duties, meaning they must act in the best interest...

When a business contract is broken, it can lead to serious financial and legal consequences. In California, the law offers several remedies to help the non-breaching party recover losses or enforce the terms of the agreement. Below are the most common remedies for...

You hope that you and your business partner will be able to run the company amicably, but you also know that disputes are possible. Some of these disputes may be so significant that you have to go your separate ways and close down the business. Others may be...

When drafting a partnership agreement before starting a business, one critical detail to include is each partner’s ownership percentage. While some assume the split will be 50/50, relying on assumptions or informal agreements – such as a handshake deal – can lead to...

If you’re looking for a business partner, your natural inclination may be to find someone that you’re comfortable with. This will probably be someone who is similar to you, and they may have similar skills and abilities. But as much as this feels natural, it is often...