When purchasing real estate, it is common for people to use contingency clauses. These clauses give them a form of protection in case things fall through. For instance, the offer to purchase the property may have an inspection contingency clause. If the property...
Business Law
How to resolve shareholder disputes
You and your shareholders want the best for the company, but that doesn’t mean you’re always on the same page. Whilst you agree that you want to see the company expand, you may not have a consensus on how to get there. Shareholder disputes can arise for numerous...
Interviewing a job applicant with a hearing disability
When employers hear the word “disability,” they often think of mobility impairments. However, many types of conditions are considered disabilities under the Americans with Disabilities Act (ADA). Among them are hearing disabilities. Millions of Americans have some...
Choosing the right business structure as an entrepreneur
Getting an idea for a new business is only the very beginning of the entrepreneurial process. People also need to research and plan for their company’s launch, actually form the business and start operating the company. After someone has done the basic market research...
Responding to an employee’s request for reasonable accommodation
As an employer, you are legally obligated to provide reasonable accommodation to employees with disabilities to help them perform essential functions of their job. It aligns with the Americans with Disabilities Act (ADA) and California's Fair Employment and Housing...
2 risks associated with operating a sole proprietorship
A sole proprietorship is the simplest and most straightforward business entity, and many people find that reality to be appealing. They don't have to share control over their company with a partner and don't have to answer to a board of directors. They also don't have...
What should you include in your business contracts?
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....
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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