Helping Your Business Thrive
Competition in business can be fierce. That’s why some companies choose to combine forces via a merger. A merger occurs when one company (generally the larger company) acquires another to form a new single entity. This approach has numerous potential benefits as...
Tortious interference occurs when a company or individual interferes with a competitor's contractual obligations or commercial connections. This can have a detrimental effect on the competitor's financial health. Tortious interference obstructs a contractor's ability...
You just have to look at Coke vs. Pepsi to realize that a little healthy competition can actually be great for business. Unfortunately, not every company sees things that way, and predatory pricing can undermine fair competition. That is unhealthy for a market-based...
Not long ago, we told readers that the Federal Trade Commission (FTC) issued a final rule that was scheduled to take effect later this year. It would go a long way toward prohibiting employers throughout the country from requiring employees to sign non-compete...
When you started your business partnership, you were smart enough to get a written agreement into place. Written partnership agreements can make sure that partners are on the same page and circumvent a lot of potential problems. However, all relationships evolve over...
Things are good with your company despite a somewhat shaky economy. You have a strong brand and have long passed the start-up phase of your business. All in all, things are looking good. But could they be too good? Often, it’s at this point where smaller businesses...
A noncompete agreement says that an employee has to stay with the company where they are employed. If they decide to quit, which they do have a right to do, they can’t immediately join the direct competition. The agreement will likely also say that they can’t start a...
Tort liability refers to the legal responsibility for harm caused to another person or entity due to negligence, strict liability or intentional actions. In the business context, tort liability can have significant implications, affecting operations, finances and...
It is usual for businesses to enter contracts and collaborate with other suppliers or partners. In these scenarios, agreements play vital roles in protecting all involved parties, especially if there are significant investments riding on the transaction. Failing to...
Numerous factors influence pricing. These factors include production costs, market conditions and competitive strategies. If a company's pricing is so low that it's selling at a loss, it enters predatory pricing territory. They may be seen as a company intending to...