Business owners should understand that disputes simply exist as part and parcel of the business world. No matter how you run your business and how carefully you try to avoid disputes, it is often inevitable that something will happen someday. The important thing is...
Narcissism, where a person has an over-inflated sense of self-importance, exists on a spectrum. While it is possible for an individual to have narcissistic personality disorder, he or she may only have certain narcissistic traits. Either way, you may have to work with...
Noncompete agreements, trade secrets and nondisclosure statements may be the company's last defense in protecting its bottom line. Going to court to enforce them may seem cut and dried, but when the judge makes a mistake, it can effectively destroy the business's...
When you become involved in a business dispute, whether with another company, a partner or a shareholder, you may fear that litigation is the only way to resolve it. Yet, litigation can be costly and time-consuming. Given these likelihoods, you may want to consider...
As is the case with other areas of law, the term lender liability actually covers a number of different types of legal claims that borrowers can make against banks and other institutions which loan money. Litigation based on theory of lender liability has gained...
Running a business and achieving a desired level of success takes hard work and dedication. Because you have poured so much of your time and effort into your company, you certainly do not want rival companies taking shortcuts to undermine your success. Unfortunately,...
A closely held corporation is a good model for small business owners who want to retain control of their company, usually among family members or a small group of shareholders. It is not unusual for a closely held business to have different levels of shareholders,...
Company growth, profits and stability are vital to many Ohio companies. As the company grows, it may decide that adding shareholders will afford the company the resources and experience needed for future growth and profitability. In many instances, this addition...
Ohio businesses often enter into written agreements with other businesses or individuals. These contracts contain the terms of those agreements between the parties. A business that decides not to honor a contract faces many potential consequences. Contract...
It often takes many people to help run a successful business. Typically, companies create boards with shareholders that can have at least some say in how certain operations within the company take place. However, it is not uncommon for shareholder disputes to...