If 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 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 ReadingKey Takeaways What business litigation is — Involves court or administrative filings and methods like motions, discovery, arbitration, mediation, trial, and appeal. Many types of disputes — Includes contract breaches, employment claims, intellectual property disputes, shareholder conflicts, product liability, and more. Importance of experienced counsel — A seasoned business-litigation attorney can help navigate complexity and protect your interests while...
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...
Continue ReadingWhen you invest in a corporation, you expect it to act in the best interest of its shareholders. But what happens when the corporation’s leadership does not seem to have its shareholders’ interests in mind? Shareholders may be able to enforce their rights and the rights of other shareholders through litigation. Shareholders have several options when it comes to...
Continue ReadingShareholders of large and small companies have a right under Michigan law to inspect company documents and records. Shareholders are entitled to inspect the company’s financial books and records, including, but not limited to, financial statements, shareholder lists, corporate stock ledgers, and meeting minutes. If you’re a shareholder that has been denied access to company documents, contact our shareholder...
Continue ReadingNo matter how amicable your business partnership is, it is likely that you will benefit from the assistance of a business partnership attorney at some point. If you are starting a partnership, have questions about partnership issues, or have become involved in a dispute with your partners, you should consider reaching out to an experienced partnership dispute lawyer. When...
Continue ReadingKey Takeaways Importance of clear vendor contracts — A well-written vendor agreement should clearly define scope, obligations, performance standards, termination, and liability to prevent misunderstandings. Common grounds for disputes — Vendor-contract conflicts often arise from missed deadlines, quality issues, unclear termination rights, or lack of defined remedies. Litigation risk if unaddressed — When vendor breaches are material and unresolved,...
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