Business contracts are the private law that binds businesses and people. Entered into voluntarily, each party has the power to bargain for their rights in the contract and their corresponding obligations. Unfortunately, parties to a contract are not always able to fulfill these contractual obligations. When a person fails to perform, the party has committed […]
Obligations and Non-fulfillment Clauses are Only the Start California business contracts are deceptively complex. The basic premise of a written contract is simple: The parties record the promises they made to one another so that each is aware of his or her responsibilities and rights. A contract that contains only this and no other essential […]
Running a business with friends or others who share your vision and values can be extremely rewarding. This in part explains the appeal of partnerships – joint business ventures between two or more individuals in which each participant shares the costs and profits of the business. Your partnership, however, will only be as strong as […]