Residents of Minneapolis and nearby areas of Minnesota may want to learn more about how much say a shareholder has in a corporation. Since shareholders own a corporation, people often ask what decisions they may make. Shareholders don't have control over the...
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Liquidated damages in construction contracts
Contractors in Minnesota and around the country are sometimes asked to sign contracts that require them to pay liquidated damages if they do not complete projects on time. These provisions usually allow the party that hired the contractor to deduct a specific amount...
Is the end near for non-compete agreements?
When you started working for an employer in Minnesota, you likely had to sign certain documents before you could start your job, and one of these documents may have been a non-competition agreement. These documents restrict where a person can work after leaving a...
Management of your company’s intellectual property
Intellectual property is an aspect of business and commercial law in Minnesota. It includes inventions, artistic and literal works, logos, symbols, names, designs, and images designed for commerce. We use copyrights, patents and trademarks to safeguard these...
What is a rescission of a contract?
Most Minnesota businesses experience contract disputes from time to time. Sometimes the issue is a contract technicality, which typically is termed a minor breach, while others can be significant breaches of the agreement. Remedies are generally limited to three basic...
What is equitable relief?
Many business litigation cases involve a breach of contract where the plaintiff is seeking a specific amount of financial damages due to certain actions or failure to act. Most remedies for breach of contract in Minnesota are settled with financial compensation....
Remedies for breach of contract
Contracts are an important foundation in American life. This is especially true in the business world. When one party to a contract violates the agreed-upon terms, this is known as breach of contract. Minnesota companies should know what remedies are available to them...
Should your company use a non-disclosure agreement?
If you own a Minnesota business and have employees, use the services of vendors and contractors, or engage independent contractors, you may wonder whether you should utilize nondisclosure agreements. Definition of a nondisclosure agreement Minnesota business and...
Does a start-up need a lawyer in the early stages?
Minnesota citizens getting ready to take the plunge into entrepreneurship have many questions about getting started. Due to the nature of increased legal activity in the last decade, one feasible question that you might have is whether or not you need to hire an...
Is your business ready for a lawsuit?
The typical Minnesota business owner tends not to be highly focused on the possibility of one day facing a lawsuit. The reality is that a business owner needs to pay attention to the prospect of a lawsuit and develop a proactive strategy in regard to potential...