You might think consolidation secures growth, but one hidden clause can let a supplier end supply and leave you with unpaid inventory. If you run an independent distributor in Minneapolis, MN, you may face that risk when you buy a rival or merge to stay afloat. You...
There was a time not all that long ago where trade secrets were on paper, stored securely in locked filing cabinets or safes. The only hope of taking them was to break into an office in an effort to secure hard copies. Technology changed all that with smartphones and...
Information is what gives your business an edge over the competition. If you do not take care to protect your company’s trade secrets and other confidential information, your business could be at risk. You trust your employees to promote your company and talk...
There are a lot of critical details when it comes to coordinating a construction project. The bigger the project, the more contractors you will count on to help you get the job done. Since construction projects are expensive, you can have many people counting on you...
Owning a commercial property comes with different responsibilities, and potential liabilities, than residential property. You already know you must keep your property safe for the people who access it. When someone has an easement on your property, it can raise many...
Whether you are looking for the first physical location for your business, or you are making a change to your current location, if you are contemplating the purchase of commercial property to locate your business, it is essential to go into the purchase prepared....
Whether you are adding onto a current building or starting from scratch, construction can be an exciting and frustrating time for your business. You are dependent on the construction company to support your business and help you achieve your goals. Unfortunately,...
Negotiating a deal can be more of an art than a science. There are times when you are having a casual conversation with another business owner when the subject turns to how your companies can work together. You may realize that it is easier to enforce an agreement...
Alternative dispute resolution can save your company time and money by resolving conflicts privately. When you include an arbitration clause in your contracts, it allows you to have more control over the process (though not necessarily the underlying dispute). There...
Many people make your business successful. Part of your success hinges on everyone holding up their end of the agreements you make together. Part of drafting a contract is creating a plan for what each party will do if there is a dispute. Arbitration clauses are a...