Buy-Sell Agreements: Why Your Business Needs One

If you have one or more business partners then you need to have a buy-sell agreement or buyout agreement included in your partnership agreement. Think of a buy-sell agreement as a prenuptial agreement for your business. The agreement sets into writing what will happen if one of the owners leaves, retires,

Read more

How to Handle a Violation of Your NDA/Confidentiality Agreement

A confidentiality agreement, also known as a non-disclosure agreement or NDA, is a legal document used by businesses to protect trade secrets, proprietary information and intellectual property. Many employers require associates, contractors, and employees to sign a confidentiality agreement as part of their employment contract.

Read more

What is Fiduciary Duty under Michigan law?

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 more