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In business, there are many different types of contracts. Some are more complex and can carry a higher risk for one or both parties. For example, in Minnesota, there's always a potential of someone not meeting their obligations. If you suspect this, here's what you...

The metaverse allows a company to rebrand themselves easier in Minneapolis, Minnesota. The digital real estate within the metaverse may double and reach $1 billion. There's a surge of interest in the metaverse but limited understanding of what it means. The new...

Starting your own new business in Minnesota can be very exciting. It’s important to avoid making some common mistakes, however. Not having a business plan All business owners need a solid business plan. It helps you to know how much capital you need to get your...

Non-compete agreements, or NCAs, are contracts between companies and workers. In such an agreement, the employee agrees not to go into competition with the company they are working for during their employment and/or after they are no longer working for the company. If...

Disagreements may happen among parties in business, and many entrepreneurs and managers realize they might face conflicts with others. When a party crosses legal lines, they could face a tortious interference lawsuit in a Minnesota courtroom. Interfering with parties...

When you enter into a contract with someone, whether written or oral, you are agreeing to be bound by the terms of that contract. But what happens when the terms of the contract are not explicitly stated? This is where implied contract terms come into play. If you are...

Parties agree to a contract with the understanding that both parties intend to hold up their end. Failures to follow through with specific contractual terms could lead to a lawsuit in a Minnesota courtroom. However, litigation might become more complex when arguments...

Negotiating a business transaction in Minnesota requires you to weigh the pros and cons of the deal. Being mindful of specific contract terms can be highly beneficial in protecting your interests. Pay attention to the following three terms when reviewing a contract:...

When two parties sign a valid contractual agreement, both bind themselves to the terms. A breach may occur when one party fails to deliver or abide by the contract, and the breaching party might face a lawsuit. Litigation in a Minnesota court could involve an...

Starting a partnership in Minnesota has a lot of advantages and allows you to divide the work and effort of a small business between people of diverse skill sets. However, it is important to understand the concept of partnership interest because it has a big effect on...