Fiduciary duty is a legal obligation where one person, called the fiduciary, must act in the best interest of another person, known as the beneficiary. This duty is based on trust and confidence. For example, a trustee managing a trust for beneficiaries must...
Disputes in business are as common as contracts. Any disagreement about the direction of a company or the interaction between businesses can send you into a courtroom. However, one way to avoid court is to pursue alternative dispute resolution methods. There are...
Easements play a crucial role in Ohio real estate transactions. They allow someone to use another person's property for a specific purpose without owning it. For example, a utility company might have an easement to run power lines across your land. Understanding...
A noncompete agreement can be a great way for businesses in Ohio to protect their interests and keep their competition from gaining an edge. However, the Federal Trade Commission (FTC) just unveiled a new rule which may ban noncompete agreements all over the country....
Transitioning a family business from one generation to the next is a delicate process. Every family and business is unique, making it essential to tailor the succession plan to your specific situation. Establishing a succession plan early Developing a detailed...
Registering a property as a historic landmark provides significant protections and benefits. This designation preserves buildings, structures, or sites of historical, architectural, or cultural significance. It ensures they receive maintenance and stay protected for...
Property development presents a unique set of challenges. This requires developers to take a strategic approach. To do so, they must seek professional expertise. Developers face several key obstacles. Addressing these obstacles ensures the success of the project. ...
Starting a business with a partner can be an exciting adventure. However, it can also bring challenges, especially when disagreements arise. Understanding common types of these disputes may help keep the business running smoothly. Financial disagreements Financial...
Judicial interpretations of tortious interference law have significant impacts on businesses and individuals. Tortious interference occurs when one party intentionally damages another's contractual or business relationships. Courts identify the actions that qualify as...
Contracts are agreements between parties that outline the terms and conditions of their relationship. When one party fails to fulfill its obligations under a contract, it is a breach of contract. Types of breach There are three types of breach. Material Breach: A...