Category Archives: Business Law
Breach of Contract Under the UCC
Contracts made in the context of selling goods are treated differently than contracts made for services and other intangible transactions. The contracts made for the sale of goods are governed by the Uniform Commercial Code. The Uniform Commercial Code is a standardized set of laws and regulations for transacting business in the sale of… Read More »
Issues of Liability in Limited Liability Partnerships
Limited Liability Partnership is one form of entity formation under which businesses in Florida can choose to incorporate. There are many benefits to forming an LLP. However, there are some considerations as well. In essence, a limited liability partnership is a general partnership. The biggest advantage of forming a limited liability partnership as opposed… Read More »
“Slip and Fall” Tort Litigation Guidance for Business Owners
Business owners have a large amount of responsibility to secure their premises from dangerous conditions that may be hazardous to their patrons. That is part of the cost of operating a business. However, when a claim is filed, the business owner must make assertive decisions to ensure that the litigation is proper and that… Read More »
Tips for Due Diligence Success as a Novice
The most important aspect of mergers and acquisitions (M&A) is the performance of due diligence activities. Those who are beginners in the area of M&A will quickly know the importance of why due diligence occur before the purchase of a business is finalized. The due diligence investigation is an audit of a potential investment… Read More »
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 »
