When you hire employees, they have to learn certain trade secrets. They need to understand how to do their job, they may have access to sensitive information and they could work with clients and customers that you want to keep long-term. As a result, you may decide to...
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Can specific performance help resolve service contract issues?
Businesses execute contracts both for goods and services. Service contracts are often particularly important to a company's daily operations. Maybe you have outsourced your HR department and rely on a third-party service provider to keep you in compliance with...
Reasons business partnerships fail
When a business partnership succeeds, it can be incredibly helpful for both parties. It can take the company to new levels that it never would have reached if only one person was running it. This is the goal of starting a business partnership, along with choosing...
Can another business use your company name?
Your company has been established in the area for years, or perhaps even for decades. It’s a well-known name, and all of your branding is well established. That’s why you’re so shocked to find out that another company is using the same name as your business. You feel...
Taking action if a licensed professional harms your business
When you partner with a licensed professional, you expect them to do their job to a specific standard. Unfortunately, despite educational and ethical requirements for many licensed professions, the individuals that practice a profession can still make mistakes and...
Should my staff sign a non-disclosure agreement?
As you build your business, you put a lot of time and dedication into creating a model that will support your customers and bring success to the company. These assets set your business apart from your competitors. Your relationship with your employees is one built on...
Critical steps to take when a party sues your company
Your company faces a lawsuit. You and your partners braced yourselves for this, knowing of its likelihood. Now you must plan and tactfully respond. Taking a strategic approach is among the critical steps needed when another party confronts your company with a lawsuit....