Category Archives: Business Law
Getting Attorneys Fees: Putting it in the Contract may Not be Enough
You may already know how important an attorney fee provision on your contracts can be. Attorneys fees for a prevailing party, can discourage frivolous lawsuits, and give clients more freedom to pursue their case, knowing that the money they are paying to their attorney, will eventually be paid back, when the case is over,… Read More »
The Basics of Corporate Minutes
You’ve probably been in a meeting, and heard someone ask who will take minutes. And if you know what minutes are, they probably just sound like a formality, a task and extra work that you can just as easily do without. But in actuality, corporate minutes are an important part of your business, and… Read More »
What Information Can Shareholders Get and Access From a Company?
For many businesses, shareholders don’t take an active role in the company. Maybe they participate in a few shareholders meetings, but many are just passive investors, especially in larger companies. But then one day, one of your shareholders comes and asks for corporate information—things like books or records or financial information. The Dilemma On… Read More »
Government Liens May Survive Nonjudicial Foreclosures
Many people in the construction industry make money by buying and fixing up foreclosed homes. Sometimes called refurbishing, or flipping, the business can be pretty lucrative if you are in the construction industry, and know what you are doing, and of course, if you buy and flip the right property. But a new case… Read More »
Here’s What Happens When Your Insurance Company Files for Bankruptcy
We all know that companies go out of business all the time. But insurance companies? Those are pretty safe bets. They have plenty of capital-and some have reinsurance, which is basically insurance for insurance. So insurance companies would never go out of business. But they do. And if it’s your insurance company that goes… Read More »
Dark Patterns and Other Sneaky tricks on Your Website Will Get You in Trouble
Do you have dark patterns on your website? That phrase may seem evil, or scary or like something out of a science fiction movie. But in reality, it’s a term that describes techniques and tricks on websites that can deceive and trick consumers, and you may be using them on your website, whether you… Read More »
Fraudulent Transfers Will do More Harm Than Good if You’re a Debtor
When businesses are being pursued for money and the creditors come calling, many may resort to drastic measures. Some of those measures may include trying to hide, sell, transfer or dispose of assets that creditors could get to. But be warned because doing something like that can lead to claims of fraudulent transfers. Confusion… Read More »
Loans and Investments: Which Are You Making?
If you are in the business of lending or you are letting someone borrow money, you know there is always the chance that you don’t get paid back. But while this is an inherent risk in lending, the last thing you want to have happen is to not get paid back because of a… Read More »
The Other Side to Your Contract Has Filed for Bankruptcy: What Now?
Bankruptcy can, in some instances, be a help to people or businesses in debt. But for many on the opposite end of the contract-the end of the contract that is potentially being discharged if the bankruptcy goes through—bankruptcy can be a financial nightmare. What Does Bankruptcy Mean to the Creditor? Bankruptcy means that in… Read More »
Daryl Hall and John Oates’ Dispute is a Business Lesson for All of Us
We often don’t think of famous musical duos as legal partnerships, but that’s exactly what they often are. Famous musical bands and duos are multimillion dollar business entities; from royalties to intellectual property to revenue from sales, they aren’t much different than your business. And also like so many businesses, when there is a… Read More »
