In business, disputes can arise anytime—over virtually any issue. There are many choices available to business owners regarding how to handle a dispute, especially when deciding what kind of ongoing relationship you as a business owner want to have with the other party once the conflict is resolved. Understandably, companies and individuals alike are often confused about which dispute...
Injunctive relief is a court-ordered remedy that compels or prevents specific actions when monetary damages are inadequate and irreparable harm is likely. It includes temporary and permanent injunctions, which aim to maintain the status quo or provide long-term protection after a legal decision. Injunctive relief prevents or compels specific actions when no other legal remedies exist, and irreparable harm...
Navigate the complexities of Non-Disclosure Agreements (NDAs) and understand their duration to safeguard your business secrets effectively. Key Takeaways Non-disclosure agreements or NDAs have become a common tool in business. But not everyone is clear on how and when to use them. In particular, even individuals who have signed NDAs may be unsure of how long they last and...
Specific performance requires a party to fulfill contractual obligations as promised, rather than paying damages. When you ask for specific performance, you are asking that the court order the parties to proceed as planned under the contract. Courts order specific performance in select circumstances—for instance, where the goods are irreplaceable or truly unique. To help you understand the ins...
A common way to protect your personal assets is to transfer your property to a limited liability company (LLC). The process is deceptively simple—you have to: In practice, transferring a property title to a Florida LLC is often much more complicated. Missteps or errors can lead to unintended consequences. You may end up with a much larger bill than...
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...
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...
Contracts govern most business relationships in Florida. They dictate the terms and conditions of an agreement between two parties. Typically, business owners work with lawyers to ensure their contracts are well-drafted and plan for potential conflicts. However, even the most well-written agreements can lead to disputes. A breach of a contract occurs when one party fails to uphold or...
Business simply is not done like it was in the old days anymore. A firm handshake and a nice meal are no longer substitutes for a solidly written contract. Florida business owners now want to enter into a written contract that outlines what each party is obligated to do and what each party will receive in return. Sadly, most...