What is the relationship between a Strategic Alliance and a Joint Venture?
A Strategic Alliance is an arrangement between two companies to undertake a mutually beneficial project, with each remaining independent. Joint Venture is a form of Strategic Alliance that is more complex and binding. In a Joint Venture,...
What is a Shareholder Agreement?
A shareholders’ agreement is an arrangement among a company’s shareholders regarding certain rights and obligations of the company’s shareholders. A shareholders’ agreement also includes information on the management of the company and privileges and protection...
What Is The Difference Between A Merger And An Acquisition?
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...
What Is Due Diligence In Business Transactions And Law?
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...
Does COVID-19 Excuse A Contract Breach?
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...
What is trademark infringement?
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...
Franchising VS Opening Your Own Business
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...
What are Business Ethics?
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...
What is the difference between business law and corporate law?
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...
What is Business Law?
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...