Common Legal Disputes Small Businesses Face in Ohio

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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

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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 »

What You Need to Know About Acquisition Agreements

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Acquisition agreements are among the most consequential documents for business owners. This agreement is like a contract that lays out the terms and conditions of the purchase of a business by another, and is also used for the merger of two businesses. It consists of multiple documents, such as the purchase agreement, along with others… Read more »

The Business Judgment Rule

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If you are the director of a corporation with shareholders, your job is all about one concern (basically): Maximizing the profit for the shareholders over the long term. While shareholders may be the true “owners” of a corporation, they employ directors such as yourself to assist in the strategic planning and operation of the business…. Read more »

Does a Breach of Contract Mean I Can Do Whatever I Want?

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Republican presidential candidate Donald Trump recently claimed that the Republican National Committee breached a contract with him and that, as a result, he could do whatever he wanted. Putting politics aside, this statement causes one to question whether his underlying legal conclusion, that he can now do “whatever he wants,” is accurate. If so, this… Read more »