Contracts are necessary in all different types of scenarios, from buying and selling goods to real estate transactions. When you enter into a contract, you expect the other party to perform their obligations under the agreement. However, breaches of contract still occur all the time in Florida. Thankfully, the law recognizes that contracts serve an important societal function and...
Florida employment agreements should include essential terms such as the compensation rate, benefits, contract termination options for both parties, the scope of work, and other details. Writing an effective Florida employment agreement is critical to helping limit your business’s liability and creating a productive workforce. After all, the employment agreement forms the foundation of your company’s relationship with its...
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...
Franchising can be a quick, easy way to establish yourself in business. As a franchisee, you get instant brand recognition. For a franchisor, you receive payment on the use of your business name and, potentially, royalties on your franchisee’s profits. It seems like a win-win—unless the deal is a loser. Sometimes, the franchise agreement simply is not a match,...
For Florida entrepreneurs, contracts are an essential part of any business operation. Unfortunately, when your business relies on contracts, you can leave yourself vulnerable if your counterparty fails to hold up its end of the deal. If this happens, you may be faced with filing a lawsuit to recoup your losses. However, before going through the pain and hassle...
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...
Franchises are excellent ways for entrepreneurs to enter new markets without starting a new business from scratch. Alternatively, if you have a successful business model, a way to grow your business without stretching your time and resources thin is to transform it into a franchise. The person who decides to run the franchise (the franchisee) opens a new location...
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 what happens when the contract expires. If your business needs an NDA for a specific interaction or has questions...
Specific performance of a contract is a type of remedy that you would ask for when the other party breaches a contract. 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...
Your business relies on commercial relationships to support its operations and to sell its goods and services. Whether that relationship takes the form of an order for goods from a customer or a set of software services from an IT specialist, it is usually memorialized in a written contract. You are entitled to rely on these executed contracts, and...