Category Archives: Business Law
Negotiation Tactics for Business Transactions
Negotiation is a critical aspect of business transactions. Your negotiation tactics can make a break a business deal. There are a few tactics that one needs to consider to bring about a successful negotiation outcome. Each negotiator has his or her own style. Some people take on a more collaborative style whereas some people… Read More »
The Essentials of a Business Partnership
A partnership is a type of business entity that is comprised of two or more persons. Under the laws of various states and Florida, a person is defined as an individual, groups of individuals, companies, and corporations. As a result, the complexity of the partnership depends on the entities it comprises. Each partner in… Read More »
Defending Unfair and Deceptive Trade Practices Claims
Business owners have a duty to run their operation with fairness and honesty. This means that the business delivers what it promises and acts in the interest of their customers and patrons. Businesses who run afoul of this are subject to claims and lawsuits from the people they serve. They also subject themselves to… Read More »
Voluntary and Involuntary Dissolution of a Florida Corporation
A corporation is a legal entity with its own rights, privileges and liabilities that are separate from the members who created it. As such, a corporation is viewed as a separate entity (almost like an individual) in the eyes of the law. The individuals who are the shareholders to the corporation own the profits… Read More »
LOST FUTURE PROFIT CLAIMS IN FLORIDA
When it comes to damages in Florida for breach of contract claims and other intentional torts, a very important and difficult type of consequential damages to prove concerns lost future profits claims. By example, assume that a business entered into a contractual agreement with a contractor to build-out commercial space. The contractor is very… Read More »
Is Your Business ADA Compliant? 3 Ways to Avert Litigation
Owning a brick and mortar business comes with complying with a variety of state, local and federal laws. The Americans with Disability Act (ADA) often comes into play when dealing with employees who have a disability. However, business owners also have to ensure that their business is ADA compliant with ADA accessibility rules. Business… Read More »
Formulating an Air-Tight Vendor Contract
In the business world, a vendor agreement is an all-important contract that determines whether a business will have the products and items needed for the business to run. A business owner wants to have a vendor contract that will ensure that the business gets all the deliverables (goods and services) it needs to run… Read More »
Reasons Why Florida is Considered a “Corporation-Friendly” State
The location of incorporation for a business is an important decision. The decision is driven by many reasons including how much business sense it makes in relation to the growth of the company. The location of incorporation is also a logistical decision as a company will want to have a business office of some… Read More »
Employer Liability For Employee Acts: Frolic or Detour
As a general rule, employers are responsible for the acts of their employees. These acts include accidents born out of negligence, acts conducted within the scope of the employment, and acts that are part of the job description. With general rules there are exceptions. Although employees are an extension of their employers, this is… Read More »
Best Practices When Dissolving a Business
When an owner is faced with dissolving a business entity (or winding up a business), there are multiple considerations the owner is faced with to facilitate a smooth and legal process. For one, the entity type and the ownership amount will dictate the legal processes required for dissolution. The owner should consider the status… Read More »
