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...
Business And Commercial Law
Preparing ahead can help keep a business partnership healthy
Operating a business in Minnesota can be lucrative when everything is going as planned. However, if you're involved in a partnership, disputes can arise between you and one or more partners, making it challenging to move forward. Opening a clear line of communication...
What are common mistakes new business owners make?
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...
NCAs: the pros and cons
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...
Your contractual dispute resolution options in Minnesota
Contractual disputes are common in business. No matter how well you plan or how carefully you draft your contracts in Minnesota, there is always a chance something will go wrong, and you could find yourself in a dispute. If you are in such a situation, here are some...
Avoiding business disputes
One of the best skills that any business manager possesses is the ability to avoid legal disputes. All Minnesota businesses will experience legal issues from time to time, and there are methods that truly effective managers understand and apply whenever they are faced...
Do you know what a business trust is?
Do you own a business in Minnesota? If so, you may have considered setting up a trust. A trust can be a great way to protect your business assets and ensure that your heirs receive them when you die. What is a business trust? A business trust is a legal entity that...
What to know about the Trademark Modernization Act
The United States Patent and Trademark Office passed the Trademark Modernization Act in 2020 and began implementing it in 2021. This is a new law that affects the way that Minneapolis business owners can take care of their brand. Since your brand is vital to your...
Problems with tortious interference
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...
Understanding implied contract terms in Minnesota
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...