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A lawsuit is the last thing that a business owner wants to address. The good news is that there are proactive steps to lower liability and reduce risk. In this 2-part blog post, we are going to discuss several essential protections that every business should have in place.
Ways To Reduce Liability Risks
Below are 3 of 6 recommended steps to limit liability claims. The general rule of thumb is to implement common sense and protect employees (and visitors):
Read moreDespite your best efforts, your business is now the subject of a lawsuit. After receiving a demand letter, your actions were obviously insufficient to the other party. This post will cover four actions you should take to respond to a lawsuit filed against your company.
Read moreAs a business owner you might need to send a cease-and-desist letter to those who are breaching a contract or you might receive one yourself. However, what legal power does it have?
What is a cease and desist letter?
If you have received a cease and desist letter, another party has informed you that they believe your action(s) are interfering with one of their rights. The letter instructs you to cease performing the alleged violations and not resume them. Situations in which a cease-and-desist letter may be sent from one party may include:
Read morePeople do not enter a business relationship with the belief that the business will end with resentment. If you see that as a real possibility in the beginning with your business, you might want to rethink the arrangement. However, the excitement experienced when starting out may blind you from acknowledging the possibility of serious disagreements in the future. There is a likelihood that you and your co-partner/owner will need to confront difficult issues at some point and you may not always agree.
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