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 moreWhat 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 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.
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