Business, Real Estate & Litigation Law Blog
Can a noncompete agreement be enforced in Minnesota?
Noncompetes are contracts between an employer and employee prohibiting a worker from being employed by or becoming a competitor for a reasonable amount of time. These agreements are enforced when the worker’s employment ends, preventing a former employee from...
Shareholder disputes: A compounded risk for businesses
No matter the size of the business, shareholders can play a large and influential role. They are an important part of the business world. Yet clashes between business owners and shareholders can quickly lead to complex situations for Minnesota businesses, as a recent...
Non-disclosure agreements protect businesses
Billionaire Michael Bloomberg talked about the presidency as a job he may or may not want. But while Bloomberg was a canny businessman who built a finance and media empire, his business acumen may have cost him the election. In one fell swoop, Elizabeth Warren landed...
Retention agreements benefit your company in M&A scenarios
Months of due diligence, late-night conference calls, research and working with investors and lenders has nearly come to fruition. Your company’s acquisition of another business is almost complete. You just have a few more details to address in what has been...
Acquiring a business? Don’t forget about these vital steps
Even the most attractive business entities will have some issues to address sooner or later. Getting to know those issues before they become a disruptive surprise two or three years down the road may save you and other owners from losing time and money. What’s more,...
What does the contract term ‘force majeure’ mean for you?
In these uncertain times, you may be hearing the phrase “force majeure” more frequently than you would have in the past. It is a term in many contracts, but most people do not know precisely what it means. Force majeure is a French term meaning “superior force.” In...
Preventing shareholder disputes before they happen
Companies of all sizes have shareholders voting on important decisions affecting the company. Disputes among these shareholders can cause a major disruption to business operations. Large companies often have many shareholders, each with an opportunity to vote on...
Making your merger a success
A merger could be great for your company, but it’s also very easy to go wrong. As you look for the right partner for your merger, consider these steps for creating a success. Check your own business health As you consider potential partners, be sure to assess yourself...
Looking at a commercial lease? Check for these things
Commercial leases can be overwhelming and confusing to look through. There is less regulation with commercial leases than there is in residential ones, so it’s especially important to analyze your lease and consider what it means for you. One bad clause could cost...
Breaking up with your vendor
Breaking up is no fun, in your personal life and in business. Still, staying in a professional relationship with a vendor that’s not working anymore will probably mean you lose money. If you are thinking about taking your business elsewhere, here are a couple of ways...
