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...
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...
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...
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...
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...
With the competitive nature of the construction industry, one might think it would not be too difficult to secure a good subcontractor. However, you often must weed out a lot of not-so-good options before you find one that works. Not providing clear expectations and...
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...
Increasing prices across every single industry have a serious impact on construction contracts already in progress when inflation takes hold. The biggest issue is for price quotes that now are inaccurate. According to Associated General Contractors of America, if a...
Problems with subcontractors can significantly delay a construction project. When people need to hire subcontractors, they should take steps to ensure that these workers will not default on the project. Many real estate developers may think that subcontractors are...
You create contracts with suppliers and clients all the time while running your business. For this reason, you know that writing thorough contracts is necessary part of continually protecting your business' interests. If you are one of the 30.7 small businesses in...