Where Business And Law Come Together
In business, disagreements can halt progress. A standstill or lock-up agreement can be a valuable tool in such situations. It is a legal contract that pauses specific actions or activities between parties for a set period, allowing for reassessment of positions....
Perhaps you and your siblings represent the majority interest in a business that now has numerous shareholders. You may have a desire to buy out other investors so that you don't have to pay dividends on the company's success or be subject to outside opinions about...
“A clever person solves a problem. A wise person avoids it.” - Albert Einstein Business disputes can prove costly and disruptive, but are often avoidable with sound legal and business planning. Some of the ways Minnesota business owners are avoiding such disputes...
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...
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...
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...
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...
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...
The adversarial nature of arbitration and litigation increases the potential that these procedures will last longer than they should. In business-to-business disputes, there are many forms of mediation that allow companies to settle without incurring too much loss....
A business partnership is like a marriage; it should remain steady no matter what obstacles come your way. However, things don’t always go according to plan. Married people divorce, and partnerships dissolve. It is common but not inevitable. You can prevent a...