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Disputes between business partners can be every bit as fractious and ugly as those between life partners. When you are married to someone, you can divorce them, but what about if you are merely business partners? Your options will depend on what you wrote in your...
Are you discussing a potential partnership that could benefit your business? Before you agree to any terms, you may need to make a lot of considerations, such as where you see a partner in your business. Here are a few things to consider before agreeing to a business...
The business word is competitive, and it’s important that company owners explore all possibilities for getting ahead. One popular route is business mergers. A merger typically occurs when one company (usually the larger entity) acquires ownership of another. What are...
In the business world, contracts govern everything from the relationships you have with your workers to the agreements you have with suppliers, vendors and clients. But what happens when an agreement doesn’t proceed as planned? Sometimes, one or both sides want to...
“Exit arrangements” refer to the strategies and agreements that business owners and investors use to leave their current position in a company. These strategies can be crucial to an orderly transition of power and control when someone wants to retire, liquidate their...
Running a successful business involves juggling multiple critical matters at once. It can be hard to determine what issues need immediate attention and what you can put on the back burner for a while. You might be tempted to ignore a brewing dispute, but doing so is...
It used to be that “morals clauses” were for well-known people like actors, newscasters, athletes or others whose atrocious behavior in their personal life could potentially cost their employer millions of dollars in lost income. These days, the Internet can make...
If a business partner no longer shares a common interest with the other partners or is a liability to the business, it is possible to remove them from the partnership. However, removing a partner may not be as easy, especially if their departure is involuntary. There...
You enjoy being your own boss, but it’s a lot of work to handle alone. Therefore, you might have considered bringing on a business partner or two. If you opt for a business partnership, you have to follow the rules outlined in the Tennessee Uniform Partnership Act. ...
A silent partner is typically someone who invests in a business and shares in the revenue or profits. If a company goes public, the silent partner may own shares of stock. Silent partners typically don’t play a role in the operational or decision-making aspects of the...