Material vs. Minor Breach of Contract

A contract is a legally binding agreement between two or more parties. Failing to perform the terms of the agreement can result in a minor breach of contract or a material breach of contract. First, you need a valid contract that is enforceable under your state laws. A valid contract must have a minimum number […]

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What You Should Know About Breach of Contract with Fraud Claims

Contracts are used in business to create legally binding agreements between parties. Violating any of the conditions or terms of the contract is referred to as a breach of contract. A contract breach can result in a civil cause of action that may result in a variety of damages, including monetary damages and specific performance.  […]

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The Tax Benefits of Hiring Freelancers for Your Business

Guest post by Courtney Rosenfeld, Gig Spark An increasing number of businesses are opting to hire freelancers rather than employees. Could following suit benefit your business? While there are tax benefits to hiring freelancers, also known as independent contractors, there are also risks that business owners need to be aware of. This guide will help you […]

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What You Need to Know Before Buying a Manufacturing Business

Are you searching for a manufacturing company? If so, there are several things you need to know before buying a manufacturing business. Before you make a bid to purchase a manufacturing business, conduct due diligence and keep these seven key factors in mind. 1.  Are You Paying a Fair Price for Equipment and Machinery? The […]

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CFE Announcements + 10th Commandment of Business Acquisitions

CFE Announcement: The CFE Speaker Panel scheduled for this Friday, March 20th, has been postponed until September due to COVID-19 concerns. The Story of CoverMyMeds with Ted Frank Due to the current transfer to a brand new CFE website, we present the video for our January here on the Calkins Law Firm, Ltd. The January […]

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Ten Commandments of Business Acquisitions pt. 9

Breaking It Down: The Ninth of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments, and its import and impact. The ninth commandment: “Engage yourself in the negotiations.” Once you have agreed with the […]

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What Are the Advantages and Disadvantages of an LLC?

When it comes to creating a business entity, most business owners opt to go with an LLC. However, every business has different needs, circumstances, and goals. An LLC may not necessarily be the best entity to go with for all business owners. Before deciding to form an LLC, it’s important to learn what the advantages […]

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7 Common Legal Mistakes You Should Avoid in Your Business

Starting and running a business can be challenging. Business owners have to manage employees, ensure excellent customer service, work on marketing, and more. Among all the chaos, business owners tend to neglect the legal aspects of their business, which ends up hurting them in the long run. Here are seven common business legal mistakes you […]

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Ten Commandments of Business Acquisitions pt. 8

Breaking It Down: The Eighth of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments, and its import and impact. The eighth commandment: “Offer a fair price .” A prospective buyer should […]

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How to Issue Equity to Employees in a Startup

Most startups operate with limited capital. To keep employees on board, equity can be used to compensate them as the business grows. However, it’s important to understand how to issue equity to employees. You need to find a good balance of protecting your ownership while also rewarding employees who are adding value to your company. […]

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The Pros and Cons of Alternative Dispute Resolution

One of the worst things that business owners and professionals can face is litigation. The problem with litigation is that it can be very costly and time-consuming. It is also mentally and emotionally taxing, which is why most people prefer to avoid it. This is where alternative dispute resolution (ADR) comes in. An increasing number […]

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Ten Commandments of Business Acquisitions pt. 7

Breaking It Down: The Seventh of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments, and its import and impact. After a brief break to spotlight current events at the Center for […]

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Why Mediation is an Effective Form of Dispute Resolution

When entrepreneurs are launching a business, anxious thoughts often permeate their minds. They will think about how they will fund their business, possible contracts, and even future mergers and acquisitions. Few worry about the possibility of litigation down the road.  Business owners just like you sometimes get sued. However, must business disputes always be resolved […]

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7 Things to Consider Before Signing Employee Documents

Before you agree to sign employee documents, it’s recommended that you do your due diligence. Getting into the wrong contract can compromise the quality of your employment and create conflicts later down the line. Here are seven things you should consider before you make the final agreement: 1. Does Your Contract Meet Your Needs and […]

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