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Blog Category | Business law

Four smart reasons to have your business contracts reviewed

When it comes to business contracts, what you don’t know can cost you. Whether you’re sealing a partnership, hiring vendors or licensing intellectual property, a legally sound contract protects your interests and minimizes risk. Yet many businesses skip legal review, relying on templates or verbal agreements. That shortcut can backfire,...

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A practical approach to recovering unpaid invoices

Getting a customer to pay on time is not always easy. Late payments can disrupt your cash flow and cause stress. You might send reminders, make calls or even stop offering services, but some clients still avoid settling what they owe. While chasing payments is never pleasant, there are ways...

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Is lease assignment possible when a business fails?

Signing a commercial lease is a major financial commitment. The business leader agrees to pay rent for an extended period of time. In many cases, commercial leases last multiple years and cost thousands of dollars per month. If the business that rented the space fails or proves insolvent and must...

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3 key elements every debt validation notice must include

When a debt collector reaches out about a debt, they must provide a validation notice—a written or electronic statement outlining key details about the debt and the consumer’s rights. This notice helps ensure transparency and allows consumers to verify the debt’s accuracy before making any payments. Under Regulation F of...

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Why should businesses try to be sustainable?

The environment has turned into a very divisive subject. It has led to protests, boycotts and more. At the same time, some big-name business owners and politicians have made it very clear that they oppose environmental restrictions or policies they believe are hindering their right to do business how they...

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What happens if your business partner wants out? 

You and your business partner started your company with the goal of working together for decades. This company has always been your dream, and you and your business partner finally made it happen.  Unfortunately, your partner doesn’t share your enthusiasm for staying at the business long term. They want to...

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Tips for effective debt collection

Dealing with unpaying customers can be a daunting affair that not only affects cash flow but also disrupts the smooth functioning of business operations. When customers fail to pay their debts on time, it creates a ripple effect throughout the business. If you have business customers lagging behind on debt...

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My partner is stealing from the business. What do I do?

Going into a business partnership with a like-minded person or group of people can be rewarding in many ways. Besides pulling resources together, a business partnership also lets you share your skills and experiences. But what happens when you discover that the person you trusted is dishonest? Specifically, what happens...

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2 things to include in a partnership agreement

Entering a business partnership with someone can be a great way to move a company forward. Yet, whether you do it from the outset or once the business is up and running, one thing is crucial. You must create a solid partnership agreement.  Here are some of the things the...

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What is a latent defect in construction?

You run a construction company, so you’re always wary that clients may make claims that you have built them a defective property. In some cases, these claims have absolutely no grounds, such as when the client simply doesn’t like the aesthetic choices but you followed their plans and instructions perfectly....

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