Retainage, also known as retention or holdback, is a common practice in the construction industry where a portion of the agreed upon contract price is deliberately withheld until the work is substantially complete[1]. Substantial completion is when the owner can...
Michigan’s employment landscape is undergoing a significant transformation in 2025 due to new legislation and court rulings. These changes affect various aspects of employment, including minimum wage, tipped wages, earned sick time, unemployment benefits, and...
Breach of contract lawsuits are among the most common legal disputes businesses face. Whether you’re initiating a lawsuit or defending against one, understanding the legal landscape is critical to protecting your rights and interests. These lawsuits can be complex,...
A breach of contract doesn’t just disrupt the immediate agreement between two parties; it can have far-reaching consequences for your business. From financial losses to reputational damage and operational setbacks, the ripple effect of a breach can create challenges...
Contracts are the foundation of successful business relationships, providing a clear framework of expectations, obligations, and remedies. However, poorly drafted agreements can lead to misunderstandings, disputes, and ultimately, breaches of contract. To avoid these...
Contracts are the backbone of business relationships, setting clear expectations and obligations for all parties involved. However, when one party fails to meet their contractual obligations, a breach of contract occurs. These breaches can lead to financial loss,...
When business disputes arise, how you resolve them can have lasting effects on your finances, relationships, and reputation. Mediation, arbitration, and litigation are three common approaches to resolving disputes, but they differ significantly in terms of process,...
When a breach of contract lawsuit is filed against you or your business, the stakes can be high. Contracts form the backbone of many business transactions, and failing to fulfill your obligations can lead to serious legal and financial repercussions. Understanding how...
Running a business comes with inherent risks, including the possibility of lawsuits. Whether stemming from contract disputes, employment issues, or regulatory noncompliance, lawsuits can be costly and disruptive. By understanding the common causes of business lawsuits...
Disputes are an inevitable part of doing business, but how you choose to resolve them can significantly impact your bottom line, relationships, and reputation. Two primary methods for addressing business disputes are mediation and litigation. Each approach has its...
