From a failure to provide contracted goods, services or payment to issues with non-disclosure or non-compete compliance, business disputes are common across many different industries. In some cases, litigation may be necessary to recover damages related to contractual...
Business Litigation
What you should know about trade secrets
You likely have to reveal some of your company's information at times when you work with others. Much of this information may be paltry and incidental, but you should always protect data that could undermine your business. Trade secrets are pieces of hidden...
May secured lenders foreclose during a Chapter 13 bankruptcy?
The U.S. Bankruptcy Code allows borrowers with a steady income to submit Chapter 13 bankruptcy petitions. Unlike Chapter 7, a borrower’s assets may not liquidate or return to creditors. With Chapter 13, a trustee works with a borrower to repay creditors through a...
Can you protect yourself from business partner debt?
Starting a business with a partner can have many advantages. However, you need to take steps to protect your financial interests because things do not always go as planned. Partnering with someone on a business deal can present a substantial risk that may affect your...
Payment plans small businesses may offer under bankruptcy
Small businesses experiencing financial problems traditionally seek debt relief through a Chapter 11 bankruptcy. As noted by the United States Courts, the process requires business owners to submit a reorganization plan and disclosure statement. A reorganization plan...
How do you avoid dealing with customers who do not pay bills?
Perhaps you already experienced customers who did not pay their bill and seek to avoid it happening again. How do you go about doing so the right way? Business News Daily offers suggestions for dealing with buyers who do not settle their bills. Get ahead of payment...
Types of acceptable collateral for secured loans
Secured debt allows for creditors to reduce their risk when loaning out money, but not all collateral takes the same form. When people default on their debts, creditors may seize the collateral pledged in the contract in order to resell it and avoid a total loss. Any...
What are ways you can recover your property and assets?
Lenders in Ohio and across the nation have rights when it comes to reclaiming property and money they have loaned to others. In addition to ensuring the terms of the contract are clear and concise, there are a number of methods you can use to recollect items that have...
Terminating contracts for a company’s convenience
Businesses in Ohio may feel a great deal of security after securing a contract with a new business partner. Such a feeling is often justified; after all, as long as the business fulfills its terms of the agreement, its partner has no cause to end it, right? That may...
How mechanic’s liens work in Ohio
As an Ohio contractor, subcontractor, materials or equipment supplier, or construction laborer, a mechanic’s lien is the way in which you obtain payment from the property owner if he or she fails or refuses to pay you for your materials and/or services. The Ohio...