If you run a small business, many different challenges could arise, whether you run into problems with respect to staffing, financing or taxes. In addition, you could find your firm in the middle of a contract dispute, and the outcome of this dispute could have a...
Contract Disputes
Fortifying your contracts against costly disputes
Contract disputes can cost your company a lot of money and may even impact its reputation. You may also expend valuable resources finding a solution and unintentionally disrupt your workflow along the way. Protecting your company against such disputes begins during...
Can you get everything you want during contract negotiations?
Successfully negotiating a business contract requires you to have a strategy. However, even with the most refined strategies, you may still need to compromise on the things you want. When you know how to negotiate you may have better chances of developing an agreement...
How should you create your NDA?
When you work as a business owner, you will likely deal with confidential information at some point. Whether this information includes secretive plans for future collaborations and merges or blueprints for a new product, you want to keep this information as secretive...
What are non-financial ways of handling contract disputes?
When you deal with a failure of a contracted party to deliver on their end of the contract, it can result in a loss of standing with your clients or customers, and a loss of revenue. You can often choose to pursue financial compensation as an option in these cases....
How can you encourage timely payment from customers?
Even with a clear payment contract in place, sometimes your customers will procrastinate payment. While they may not view this as a big deal, their ignorance can take a toll on your organization. Encouraging your customers to pay in a timely manner may look different...
Does effective negotiation prevent contract disputes?
Contract disputes can strain even the strongest business relationships. Given the importance of developing and maintaining trust with other professionals, learning to write a good contract can help you prevent conflict. Negotiation is one component of contract...
Is this a necessary addition to an NDA?
Non-disclosure agreements, or NDAs, are often vital to the performance and health of a business. It allows you to keep your secrets hidden and prevents employees from learning them and then leaving, potentially to better your opponents. In order to avoid disputes in...
What must I include in a retail installment sales agreement?
Retail installment sales agreements allow a customer to pay over time for a purchase. If you wish to use this type of agreement in your business, it is essential to ensure that your contract contains the correct information. The Ohio Attorney General explains your...
Is litigation your only option?
When facing a contract dispute, it is important to have as many tools on hand to take care of the matter as possible. After all, what works for one dispute may not work for all of them. It is important to assess each situation on an individual level and make a choice...