Under Michigan law, a fiduciary relationship is defined “as a person who has a relationship in which one person is under a duty to act for the benefit of the other on matters within the scope of the relationship.” Alternatively, a fiduciary duty is like the “golden rule” and we are required to “treat others how we would like to be treated” within the scope of a professional relationship.
Read moreExamples of Breach of Contract
Contracts are created to establish the responsibilities and expectations of parties that choose to engage in business transactions with one another, whether they involve business to business transactions, construction or licensing agreements, or the employee / employer relationship. They also provide for remedies for when things don’t go as planned.
At A|Squared Legal Group, we help clients prevent and mitigate damages that may result from a breach of contract which is the failure, without legal excuse, to perform any promise contained in a binding and legally enforceable contract.
Read moreBreach of Contract Remedies - When Money Alone is Not Enough
The best way to avoid a business dispute is through binding and legally enforceable contracts. But what happens when the other party fails to keep their end of the bargain?
A contract is “breached’ when a partner, vendor, or third party acts unlawfully, violates the terms of a contract, or fails to perform any promise contained in the binding and legally enforceable contract. Michigan law allows parties who prevail in breach of contract claims to be “made whole,” which usually means monetary payment in the form of damages.
Read moreYour Business and Respondeat Superior
In this post, we’re going to discuss how business owners can prevent lawsuits caused by an employee. An employee’s conduct during the course of business can be the basis for a lawsuit against your company, this is referred to as “respondeat superior” which is Latin for “let the master answer.”
What is Respondeat Superior?
Respondeat superior refers to a situation when the conduct of an employee leads to a lawsuit against the company, opposed to the individual employee being sued because a company is deemed responsible for the conduct of its employees…
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