The UCC is a comprehensive set of laws governing commercial transactions in the United States. It is a joint project of the Uniform Law Commission and the American Law Institute. A primary purpose of the UCC is to facilitate the predictability and efficiency of business activities by making (or attempting to make) business laws consistent state-by-state. However, until enacted...
Continue ReadingWhen you have worked hard to build a business, having someone try to sabotage it is devastating. This situation is even more upsetting when it is your partner that is sabotaging your business. Luckily, you have rights as a business owner. There are a number of steps you can take to protect your business, up to and including suing...
Continue ReadingShareholder fraud occurs, most typically, when a company makes or publishes false or misleading information to induce investors to invest in the company. A company can also commit fraud by making other false statements that are relied on by someone who is the victim of fraud. A company can also engage in other wrongful conduct, including where those with...
Continue ReadingIf you’re minority owner of a privately held company, a shareholder rights attorney can help you understand your benefits and protect your rights. Minority shareholders are those who hold less than 51% of the shares in a corporation. Both publicly traded and privately held companies have shareholders. However, the rights of minority shareholders in closely held corporations may be...
Continue ReadingContracts are essential in the business world. They govern things like sales, services, employment, payment of debts, and more. Contracts help make your business transactions predictable. If someone contracts with you to provide a good or service, you should be able to count on them to follow through. Unfortunately, whether intentionally or unintentionally, not everyone comes through on their...
Continue ReadingWhen disputes arise involving the automotive industry, businesses and individuals can protect their interests by seeking guidance from an automotive industry law firm. As the “Automotive Capital of the World,” it’s hard to overstate Michigan’s reliance on the auto industry. In 2019, the Detroit Regional Chamber reported that the automotive industry contributes $225 billion to the state’s economy each year, supports...
Continue ReadingIt is highly recommended that you have a written partnership agreement any time you establish a business partnership. Nevertheless, many small businesses operate without one. If you get along well with your partners, you may feel that a partnership agreement is unnecessary. However, dissolving a business partnership without an agreement can be challenging. If your Partnership Agreement does not...
Continue ReadingThe Most Common Reasons for Suing a Business Partner Just like with a marriage, no one enters a business partnership expecting it to break down. Unfortunately, despite your best efforts, serious disputes sometimes arise between business partners. In many cases, you may be able to reach a resolution and move forward with your business. In other cases, more serious...
Continue ReadingLitigation begins when someone files a complaint with a court or an administrative agency. Depending on your case, the litigation process can include: Business litigation law is complex. It involves combing through myriad documents, consulting experts, investigating evidence, interviewing witnesses, drafting and responding to numerous motions, and participating in court proceedings. It can also drag on for years, especially...
Continue ReadingIt takes time and money for any business to develop a client base. When a former employee then tries to take those clients away, it can be financially detrimental. Contact us today if you need to enforce a non-solicitation agreement in Michigan. Non solicitation agreements are enforceable in Michigan and can help businesses protect one of their most valuable...
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