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Operating a business is not always perfect. Things go wrong and changes need to be made to keep a business running as smoothly as possible. Business contracts are often pivotal to a business operating. Thus, when another party breaches a contract, this could generate...
Starting a new business in Kentucky is an exciting endeavor. However, not every potential business owner wants to start a business on their own from the ground up. For these individuals, franchising may be an attractive option. How does franchising differ from buying...
Some people assume that they will automatically have to go through a trial if their company is sued. This isn’t usually the case because many lawsuits are handled via alternative dispute resolution methods. One of these options is mediation, which is often preferable...
There are many different options to choose from when you set out to incorporate your business. One requirement that you must meet if you select most of these structures is that you have to either appoint a board of directors or officers for it. Those individuals that...
No one ever chooses to get sued, but those who own companies realize that often it's just a consequence of running a business. Regardless of the basis of the legal action, how the company handles the fallout can determine the trajectory of the incident. If a company...
One of the most important things that business owners can do is to reduce risk and liability. The only way that they can do this effectively is by fully understanding the law and using it to inform their decisions. In many cases, businesses can suffer losses due to...
Insurance companies have the responsibility to investigate all claims made by insurance carriers. Many of these claims may not qualify for compensation, however, because they do not fulfill requirements set out in the initial contract. As a result, the insurance...
Insurance companies are often hit with bad-faith claims for a variety of reasons -- some far less valid than others. When a plaintiff is alleging that a claim was unfairly denied, delayed or underpaid, you can take several different approaches to resolve the issue. In...
In business, one of the most important priorities should be protecting your assets from competitors. These assets could be in the form of trade secrets or practices and processes, but they could also be in the form of talented employees and the information that they...
Many people decide to enter partnerships because they believe that building a business with other talented people will lead to a successful endeavor. While partnerships can become very successful, they can have the potential to make the legal aspects of business...