A Personal Guaranty is a legal document through which an individual promises in writing to repay a loan or credit issued to a business entity or another party. A Personal Guaranty may be provided by an individual to assume responsibility...
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,...
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...
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...
