Business And Commercial Law

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...

Employment contracts that include forced arbitration clauses may have detrimental effects on victims of sexual assault. This is a point on which lawmakers came to an agreement on Nov. 16, 2021, during a hearing before the House Judiciary Committee. What...

A contract is a legally binding agreement between two or more parties that sets out the terms of an arrangement. A bilateral contract is an agreement between two parties in which each party agrees to perform an act. For a bilateral contract to be valid, both parties...

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:...

If you are having problems with your contractor in Minnesota concerning the terms of your agreement, you may be wondering if it is right for you to take the matter to court or settle it out of court. Both approaches have their advantages and disadvantages. Here's a...

Joint ventures are business arrangements that are used by a lot of successful companies in Minnesota. A joint venture is an agreement between parties to work together to accomplish a predetermined task. A joint venture is different from a merger even though it...

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...

If you are the majority shareholder of your Minnesota company, you have a lot of say over how the organization is run. For instance, you generally get the final say over what products the firm sells, who it hires for key positions, and how it will raise money....

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...