Contracts are the backbone of almost every business transaction. These documents contain all the details and expectations for deals with clients, contractors, vendors, partners or other parties. It’s critical that both parties in a contract uphold their...
Business disputes are common in Minnesota, and it is important to have effective methods in place for resolution. There are three common options for addressing conflicts, which include mediation, arbitration and litigation. Each approach has its characteristics and...
When you form your business, the legal structure you select impacts many aspects of your organization, from taxation to liability. As regulations can vary among different states, it is important for you to understand how business structures work in Minnesota. In...
Establishing relationships with business partners is crucial to the growth of your company. A solid written contract can make a significant difference in these relationships and ensure that the partnership serves your best interests. When negotiating a business...
Intellectual property refers to a product of the mind. You can create intellectual property as an individual or on behalf of your business. You can also hire someone else to create intellectual property for you with the agreement that you retain the rights. There are...
A business’s trade secrets could help keep its products and services competitive. Although trade secrets may not qualify for legal protection on their own, businesses may take steps to preserve them. As noted by the United States Patent and Trademark Office, unlike a...
An estate plan carries out your end-of-life wishes and ensures that you provide for your loved ones after your pass. Similarly, a succession plan provides for the future of your business when you are ready to retire or if something unexpected happens to you. You may...
You know you could take your business to the next level by merging with another company, but you cannot help but feel a bit uneasy about your first merger. How do you put your concerns to rest? Chron provides tips for making it through a business merger intact....
Business seller financing can offer several different conveniences for both the buyer and the seller. Business.com reports that this type of financing removes third-party interests and allows both parties to communicate directly. While seller financing can streamline...
An unexpected illness or injury may cause a business partner’s sudden exit. Without a backup plan, you could find yourself running the business on your own. Absent a partner’s vital skills, your customers may search for another provider. In some cases, when a partner...