No 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 ReadingVendors provide necessary assistance and support to business owners, enabling them to operate successfully. Vendors assist businesses in several ways through goods and services or other operations not within your business’s expertise. For this reason, it’s vital for companies to understand the basics of vendor contracts and why they play such an essential role in most businesses. Regardless of...
Continue ReadingMinority oppression occurs when those in control of a company abuse their power in a way that fundamentally harms a minority owner’s interests. The people in control can be majority shareholders, or members, officers, directors, or managers. As a minority owner, you have certain legal rights. If others are denying you those rights or abusing their power, you need...
Continue ReadingOne of the most valuable assets a business has is its reputation. Whether through marketing, employee training, or other initiatives, you have likely invested significant time and money into cultivating a specific reputation for your business. Unfortunately, there are those who may seek to tear down your business out of jealousy, malice, or even carelessness. Our commercial litigation attorneys...
Continue ReadingAnytime you start a business with other people, you can expect to have disputes from time to time. However, some disputes between LLC members can become so serious that you need to consider leaving the business altogether or removing a member. If your dispute with another LLC member has reached this level, it may be time to contact a...
Continue ReadingArbitration involves different rules and procedures than typical litigation. Therefore, it is important to look for a lawyer who has specific experience with arbitration. A Michigan arbitration attorney can advise you on things like selecting an arbitrator, gathering evidence, and presenting your case. What Is Arbitration? Arbitration is a formal method of alternative dispute resolution that has risen in...
Continue ReadingMany companies possess valuable trade secrets. Trade secrets can provide your business with an edge over competitors. However, if your secrets are leaked or misappropriated by your competition, it can cause serious harm to your business, so maintaining the secrecy of your trade secrets should be a priority. Trade secrets drive innovation, investment, and economic growth. To protect them,...
Continue ReadingNew court rules enacted in Michigan have a significant impact on the procedures for case evaluation. Case evaluation is a form of alternative dispute resolution that is governed by Michigan Court Rule 2.403. The purpose of case evaluation is for a panel of independent lawyers to make an objective assessment of the monetary value of a lawsuit. Generally, the...
Continue ReadingThis question should also be on your mind when you set out to form a partnership. The best way to protect your rights in a partnership is to have clear, written agreements. Your partnership agreement should specify whether and when a partner can be expelled or bought-out and the terms of a buyout or dissolution. If you are concerned...
Continue ReadingAccording to a new Michigan Supreme Court’s April 5, 2022 decision, corporate officers and directors can be sued directly for a breach of fiduciary duties. The unanimous opinion clarifies the existing law on whether an individual shareholder can file a lawsuit directly against officers and directors who breach fiduciary duties. What Was the Case About? Murphy v. Inman, 507...
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