After purchasing and building a successful franchise in Arizona, you are ready for your next venture and want to move on. You might be wondering how to go about selling the business. Since you are the franchisee, there are specific contract obligations outlined by the...
Contracts
5 risks to review before signing a business purchase agreement
Buying an existing business can help you grow wealth faster than starting from scratch. The idea sounds simple: you find a profitable business and close the deal. However, a business purchase agreement often decides who carries risk after the sale. Contract law places...
4 types of construction contract breaches
Construction companies use contracts to outline the responsibilities, timelines and expectations of all parties involved in a business agreement. However, if a party fails to fulfil their responsibilities outlined in a legal agreement, it can lead to a breach of...
How do you handle construction contract disputes?
Construction contract disputes are common in the industry. If you find yourself in a dispute over a construction contract, it’s important to understand the steps you can take to resolve the issue effectively and fairly. Understand the contract terms The first step in...
Can an escape clause in the addendum nullify the merger?
A merger happens when two companies combine their assets, people and more, effectively becoming a single entity. While the process might sound straightforward, it is anything but. It involves a detailed interplay of financial assessments and negotiations between two...
What information should you include in your business contracts?
When drafting a business contract, you should include specific information to ensure clarity, protect your interests and mitigate potential disputes. Learn more about the key information to include in your business contracts. Identify the parties Include the legal...
What is the statute of limitations for construction claims?
When you hire a contractor to build your home, you expect to be impressed with the work he or she does. Unfortunately, the process may not be as smooth as you hope, and you may wind up filing a dispute over your contractor's work. It is important to file your dispute...
Tactics to gain leverage over influential suppliers
One challenge facing today’s small businesses is negotiating with large regional suppliers. These massive corporations may hold monopolies over specific geographic regions, limiting their customers’ access to competitive options. Sometimes, these large entities...
