Business Law

The uniform commercial code (UCC) is a set of laws that regulate commercial transactions across the United States. However, misconceptions about the UCC often lead to confusion and misunderstanding. These misconceptions can hinder your ability to conduct business...

In today's fast-paced business environment, mergers can provide exciting growth opportunities. However, not all mergers succeed; careful consideration and due diligence are necessary to ensure a favorable outcome. Before embarking on a merger, businesses must evaluate...

Business partnerships often encounter a myriad of challenges and disagreements. The unique blend of perspectives and opinions that makes partnerships dynamic can also lead to disputes. How partners handle these disputes determines the longevity and success of the...

When considering the acquisition of a new company, it is crucial to conduct thorough due diligence to ensure that you make a sound investment. By carefully evaluating a potential acquisition target, you can minimize risks and maximize the likelihood of success. This...

Before moving ahead with an acquisition or merger, you have to review many different issues. From business valuation to carefully reflecting on your goals, it is vital to safeguard your interests and approach the process properly. In addition, you need to focus on...

Selling your business is a major decision that requires a lot of thoughtful consideration. The legalities involved with the sale of a business are complex and there are various factors that you should consider before you begin. According to the U.S. Small Business...

When the individual states signed the Constitution to form the United States, they were individually sovereign. The founders based the constitution on a federalist system, where the states have the power, limiting the federal government to a few key tasks, such as...

As someone who operates a business in Ohio or another state, a time may come when you struggle to collect money owed to the business. You may initially try to encourage the non-paying party to pay you by sending demand letters or making follow-up phone calls. However,...

In recent years, businesses in Ohio and throughout the world have experienced significant supply chain disruptions. Since the failure to provide materials as promised could lead to a breach of contract, many legal matters come into play. The approach a company takes...

When you draft a contract with another business, you may want to consider a severability clause. A severability clause states that if any other provisions become unenforceable, the agreement will remain intact. Businesses should consider severability clauses when...