As a Newport Beach area business owner, you know that contracts are essential when procuring and rendering services and purchasing goods from vendors. Contracts set the terms and expectations for all involved parties. They also allow you to have realistic expectations about your business dealings. When one of the parties you hire do not honor their responsibilities and obligations, you might find yourself dealing with a breach of contract.
5 business to business contract mistakes to avoid
When parties enter into a contractual agreement, they expect all parties to make good on their commitment to honor the contract. But often contracts are hastily written and do not properly address future concerns. Addressing these issues during the drafting and negotiating process will help avoid costly litigation and increase the chance of a favorable verdict or settlement if you must go to court.
Lessons learned from famous contract disputes
Most California business owners would like to skip contract disputes if that were possible. Unfortunately, it is not always.
Legal remedies available after a breach of contract
Running a business means operating as a dependable part of a complicated ecosystem with many other parties, such as suppliers, service providers, enforcement agencies, customers, and employees or subcontractors.
Why setbacks can be helpful for your business
There’s a great deal that entrepreneurs can take from the old adage “life is a continuous series of adjustments.” There’s truth to this because self made businesspeople constantly have to deal with disappointment and failure and find ways to move past them. Even more true, they have to realize that no one else really knows about their setbacks, or really cares.
Jerry Jones poised to sue NFL over Goodell's future compensation
Despite the off-the-field drama regarding personal conduct violations and the suspensions that come with them, the National Football League is about making money and protecting its brand. Some may argue that the recent headlines regarding commissioner Roger Goodell’s new contract is a threat to both goals.
Sprint and T-Mobile walk away from potential merger
In what was poised to be the largest merger in the telecommunications industry this year, T-Mobile and Sprint recently announced that they would abandon their efforts to combine their companies. The joint announcement ended days of speculation that the two companies were having difficulties negotiating ownership of their respective shares of their coveted U.S. telecom holdings. The parties did not comment on any specifics leading to them walk away from negotiations, but some speculate that Sprint’s debt load, estimated at $38 billion, could have been a sticking point.
Sarkisian lawsuit dismissed due to arbitration clause
The USC Trojans may still be licking their wounds after losing 49-14 to the Notre Dame Fighting Irish, but they still will look to secure another Pac-12 Championship in December. It resembles the increased faith of USC football program, which is arguably a far cry from where the program was just two years ago.
Strong market for refinancing commercial properties
In today’s real estate market, having top flight property in a prime location is not enough. In order to truly make maximize an investment, an owner has to take every opportunity to refinance with competitive terms.
The basics of a 'shotgun' clause
The beauty of partnerships in startups is that both parties are passionate about making their dreams become reality. There’s a great deal of trust and optimism, and as additional rounds of funding become available, the partnership becomes that much stronger.
