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 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.
Read moreAlthough it is imperative for a successful business to have strong underlying contracts under which they operate. Even the most well-negotiated contracts do not guarantee that you will never deal with a party that does not perform as agreed. Depending on the nature of the contract breach (material vs. non-material), you might be entitled to damages.
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