Tish.Law Blog

In a merger, two separate companies voluntarily, fuse together; in an acquisition, one business entity subsumes another, whether friendly or hostile. Mergers are considered to be a more friendly corporate restructuring strategy. This is because they are...

Due diligence is the formal process of investigating the background of a business, either prior to buying it, or as another party in a major contract.   It is used to ensure that there are no hidden details that could affect the deal.  Due...

Contracts can be modified and excused by the current COVID-19 pandemic pursuant to the doctrines of commercial impracticability, impossibility and frustration of purpose. As businesses large and small face, the prospect of contractual breaches due to the impact of...

Trademark infringement is the unauthorized use of a trademark or service mark (or a substantially similar mark) on competing or related goods and services.  The success of a lawsuit to stop the infringement usually turns on whether the...

What is the difference between franchising versus opening your own business? Buying the right franchise can be much easier than starting your own business. If you decide to become a franchisee, get the paperwork (known in the industry as a Franchise Disclosure...

Business ethics, also known as corporate ethics, is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment.  This concept applies to all...

While corporate law focuses on legal aspects governing the sale and distribution of goods, business law covers the legal aspects of mergers and acquisitions, the formation of companies and shareholder rights. Companies need people who have in-depth knowledge of both...

Business law deals with the creation of new businesses and the issues that arise as existing businesses interact with the public, other companies, and the government. To understand the role of business law within the legal system, it helps to view businesses as...

Real estate law is the area of law that governs buying, using and selling land. This law governs the acquisition of property and how it is developed. There are many different aspects of real estate law, for example, deeds, titles,...

Lost profits are determined by first estimating the lost gross revenue or lost sales due to an event.  This lost revenue is then reduced by the avoided or saved costs, which entails evaluating all the direct and other costs...

A franchise agreement is a legal agreement that creates a franchise relationship between a franchisor and a franchisee. Within a franchise agreement, the franchisee is granted the legal right to establish a franchised outlet and operation where the franchisee, among...

Michigan is a shall-issue state. Licenses are issued at the local level by county clerks. A permit to purchase, a background check and firearms registration are required to buy a handgun from a private individual. Open carry is legal in Michigan...