Business contracts are meant to help ensure smooth transactions and provide clarity on rights and responsibilities for all parties involved. However, sometimes, one party to a business contract may indicate possible breach by demonstrating an intention or likelihood...
Business Law
How do businesses defend against breach of contract claims?
A contract describes the agreement between two parties and what obligations they have to each other. Contracts may require the transfer of goods or the performance of certain services. Contracts can even impose restrictive covenants that require that either party not...
2 important considerations when planning to sell a business
Some people intend to pass a business to family members when they die or retire, but many business owners will sell their interest in an organization when they decide it is time to retire or move on to a different project. Entrepreneurs and successful small business...
The Ohio Consumer Sales Practices Act
The Consumer Sales Practices Act (“CSPA”) protects consumers who have been taken advantage of by a supplier who has committed an unfair, deceptive, or unconscionable act or practice in a consumer transaction with the consumer. A "Consumer Transaction" is defined as a...
3 quick tips for business owners negotiating a commercial lease
From start-ups looking to legitimize their brand and professional presence to established companies that need to expand or relocate, negotiating a favorable commercial lease is critical for business success. Leasing space is typically one of the top three major...
4 things to avoid when signing a business contract
Signing a contract is a big deal. No matter what kind of cordial “We should work together” positive energy came before it, putting your name on the dotted line means that matters are coming down to brass tacks. Still, some unfortunately don’t treat the contract...