The consequences can be severe when a business partner starts sabotaging business operations. Sabotage can take many forms, from financial misconduct and withholding key information to damaging the company’s reputation or deliberately disrupting operations. These actions can lead to significant financial losses and long-term instability if they go unchecked. Quickly addressing sabotage is crucial to protecting your business and...
We hope it all goes well when we enter into a business partnership with another person. Generally, we select people we know and trust to do business with. We trust they will consider the company’s and your best interests. Unfortunately, human relationships are challenging. People in a business partnership can butt heads and disagree about the direction of the...
In a globalized world, information is easily shared and accessible, and ideas are widely disseminated. Protecting unique ideas from copycats, hackers, competitors, and employees is also more challenging. Maintaining your trade secrets is paramount to your business’s success. Trade secret theft, pirated software, and counterfeit goods cost the United States between $225 billion and $600 billion annually. You can...
Company shareholders should focus on the health and success of the business and treat one another fairly. Unfortunately, that is not always the case. Minority shareholders often get taken advantage of or mistreated due to their lack of influence and control over the business. Minority shareholder oppression can negatively affect the shareholders and the company’s integrity. If you are...
When one party fails to live up to their part of a mutual agreement, it’s called a breach of contract. This breach can leave the other party facing unexpected costs or losses, but they may have the option of taking legal recourse. But here’s the catch: the party affected by the breach can’t just sit back and let the...
Fiduciary duty refers to the legal obligation of one party to act in the best interest of another. This duty is essential in various relationships between partners, corporate directors, trustees, and agents, ensuring trust and integrity. Understanding examples of breaches of fiduciary duty is crucial, especially in Florida, where specific laws and cases illustrate the severe consequences of such...
Understanding the different types of damages for breach of contract law is crucial for anyone involved in a contractual dispute. Knowing what damages to claim ensures that the non-breaching party is adequately compensated and their legal rights are protected. Let’s look at the five primary types of damages in breach of contract cases under Florida law. Handling breach of...
Contracts are at the center of several successful relationships, and contract law in Florida regulates such agreements and ensures that parties fulfill their obligations. When one party breaches a contract, the injured party has the right to seek damages. Understanding the different types of damages, including compensatory vs. consequential damages in contract law, is essential for businesses and individuals...
Trademarks, like other intellectual property, are very valuable. Today, much of a business’ value is in intellectual property, as opposed to goods or other physical assets. Many business owners consider trademarks the most valuable form of intellectual property, because they represent your brand. One day, you might face difficulty with someone illegally using your mark. It’s a good idea...
Commercial leases can be a risky venture. Sometimes business does not go according to plan, and a commercial lease becomes a significant burden. If you are in this situation, you are likely wondering whether you can break a commercial lease in Florida. The answer depends on the particular circumstances surrounding the lease. Commercial leases in Florida are primarily governed...