A business contract is a written record of the agreement that you have with a service provider, a vendor or a customer. Those who commit their agreements to writing make it easier to enforce their agreement if either party fails to follow through on the arrangements....
Business Law
What qualities should your business partner have?
Asking what qualities you should look for in a business partner is a bit more complicated than you may assume. There are just a lot of variables, and that means the answer isn’t going to be the same for everyone. Of course, there are some traits that are always going...
Friendship aside, you need a partnership agreement
If you have teamed up with a friend to open a new business, it is crucial to have a formal business agreement. Running a business can test even the closest friendships, and it is best if everything is spelled out beforehand. When everyone understands their position in...
Importance of arbitration arrangements
Dealing with a business dispute is never the best of experiences. Unfortunately, disagreements between business partners are inevitable. Fortunately, there are a number of ways business partners can resolve emerging disputes. One such method is known as arbitration....
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