When a business initially files a bankruptcy petition, it triggers the automatic stay, which generally halts a creditor's ability to enforce collections. A creditor may, however, have rights to continue pursuing money owed after a business debtor has filed for...
Year: 2020
How does scenario analysis prevent contract disputes?
Developing business contracts for your company plays just as important of a role as enforcing them. The process you follow to create content and verify understanding can help to prevent costly disputes in the future. A contract dispute can hurt a lot of aspects of...
What is the Carmack Amendment?
Liability is a major concern in the transportation industry because of the involvement of multiple entities in each situation. For example, in a situation where a company is shipping goods, you have the company that owns the goods, the company transporting the goods,...
Will your small business survive if faced with a lawsuit?
Many business owners will face a lawsuit at some point in their careers and the consequences can be devastating. If you are a small business owner, would your company survive having to defend against a lawsuit? It is a good idea to understand what might happen and to...
How can you protect yourself from premises liability disputes?
According to Forbes Magazine, there were 76,000 personal injury cases filed against businesses in 2014. By 2017, that number had decreased to 53,000. Despite the decrease, your business may still be liable for injuries to customers that happen on your property. One of...
False allegations of property damage and construction litigation
If you run a construction company, you likely have to deal with a number of stressors every day. From disputes involving clients to issues that arise with workers, there are many different challenges associated with running a construction company. However,...
What premises liability mistakes lead to lawsuits?
Most people know that if a person slips and falls while at your business, you could be at fault. It does not matter if you rent or own your building, someone who suffers an injury on the premises may file a lawsuit against you. As a business owner, you need...
What are some common defenses against a breach of contract claim?
When two parties enter into an agreement in which certain obligations must be fulfilled, it is a business contract. However, one party fails to fulfill its requirements, it is known as a breach of contract. Depending on the terms of the agreement, a breach of contract...
Three ways to avoid a partnership dispute
Entrepreneurship is exciting, hard work and is very rewarding for those willing to put the time and commitment into it. Here are three ways that you can avoid your enterprise from being in the middle of a partnership dispute that will negatively impact your company....
How small businesses can take on large suppliers
Entrepreneurs have their work cut out for them. Small business owners work hard to carve out a place in a community, forging relationships with fellow business owners and local lawmakers to create opportunity and profit. Entrepreneurs must also deal with large...