In contract law, substantial performance is a term used to describe a type of performance that, while not complete, is still sufficient to fulfill a party’s obligations under the agreement. In other words, the legal doctrine sometimes allows parties to avoid facing a breach of contract claim even though they technically deviated slightly from the… Read more »
Posts Categorized: Business Law Attorney
Is Your Small Business Facing a Lawsuit? Here are Four Steps You Need to Take
Small businesses are the backbone of Ohio’s economy. According to the Small Business Administration (SBA), there are nearly 950,000 small businesses in our state. Last year, Ohio’s small businesses created nearly 70,000 new jobs. Owning and operating a company brings more than its fair share of challenges. As a small business owner, one of the… Read more »
Four Tips for Ohio Businesses Negotiating With Independent Contractors
Many companies rely on services provided by independent contractors. According to comprehensive data published by the United States Department of Labor (DOL), approximately 10 percent of the American workforce is currently made up of individuals classified as independent contractors. If your company works with independent contractors, you may want to put a written agreement in… Read more »
Are You a Startup Seeking Funding? Watch out for These Mistakes
Startups are a good way to capitalize on your investment, but you must tread carefully when it comes to conveniently funding your startup. Funding for new startups flows more freely than ever, but at the same time – the multitude of startup ventures keeps the market in a stable competition for growth and market share…. Read more »
Business Law: Non-Compete Agreements for Employees
When you are in a business, several agreements and contracts shape how you operate. These contracts and agreements define relationships with your employees, third-party suppliers and other stakeholders. One such contract is a non-compete agreement, a commonly used contract that prohibits employees and other stakeholders from joining rival firms or starting a business venture similar… Read more »
Business Law: Background Checks
Background checks are an integral part of the hiring process which allows employers to verify that the information provided by their potential employees is correct and enables them to learn about their credit and criminal records. Here are some important points that an employer should keep in their mind. Consent for Background Check United States… Read more »
Business Law for Entrepreneurs: Essential Things to Know
Starting a new business can be an extremely exciting and exhilarating experience for a young entrepreneur. However, in many instances their enthusiasm and eagerness causes them to neglect a few basic steps pertaining to law and regulations that are applicable to their new venture. Here are some essential things that you must keep in your… Read more »
Understanding Business Law is Important for Running a Successful Businesses
Business law is an important part of the commercial legal body, which provides direction on how to run commercial activities, especially those pertaining to the governing of businesses. If you own a business, it is important to know about the important details of the business law. This enables you to employ the ideal corporate practices,… Read more »
Common Legal Disputes Small Businesses Face in Ohio
Operating a business requires maintaining pristine relationships with stakeholders, and is as important as selling your products and services to profit. Interactions with everyone, from vendors and customers to employees, contribute to your business’s success. However, there are situations that give rise to different types of disputes. While both parties may come up with a… Read more »
Understanding Fiduciary Duties in a General Partnership in Ohio
Entrepreneurs and business owners enter a partnership because of the convenience and benefits it offers in running the business. When you form a partnership, you and your partner(s) owe several types of fiduciary duties to each other, ensuring honesty and good faith in transacting partnership business. This establishes a legal and ethical relationship between you… Read more »