Reporting wrongdoing in Florida can be difficult, particularly when that wrongdoing is at someone's place of work. However, there can be benefits to those who choose to reveal these illegal behaviors that go beyond the simple matter of doing the right thing. Understanding the whistleblower laws and how they work is beneficial after discovering there has been some sort of malfeasance taking place at a business and reporting it.
Following the recession a few years ago, the United States economy has struggled to recover completely. With newer technologies allowing for more automation, businesses outsourcing and cutting staff, the allure of fulfilling one's dream and starting their own business is seeming like a valid option.
A merger occurs when two companies decide to come together as one to increase long-term profits and expand their operations. In fact, many business law matters center on acquisitions where a larger company acquires a smaller company. A recent acquisition of a Fort Lauderdale bank may mean big things for the parent company of an Arkansas bank.
Companies in Fort Lauderdale have an obligation to protect their shareholders. When a business law dispute erupts between parties, a breach of fiduciary duty may be the cause of the dispute. Fiduciary duty refers to the responsibility one party has to act in the best interest of another party.
The business world can be cutthroat and result in intentional and unintentional fraud. Failure to act in good faith can result in ruined reputations and irreparable business relationships. Xiaoyu Abrasive Inc, doing business as Universal Polishing Systems, has been accused of violating business law by using another company's industry knowledge and reputation to improve their own business.
Purchasing a franchise is a complex undertaking. Anyone interested in this kind of business must enter into a franchise agreement, which is a type of licensing agreement that binds the franchisor and franchisee together. This document explains what the former expects from the latter in terms of operating the franchise business. There are several elements in the agreement, and it is important for the franchisee to understand them all. Since this is a legally binding contract, an attorney experienced with the franchising process can offer valuable assistance and ensure that the franchisee understands the terms, rights and obligations set forth.
Many times, business professionals enter into contracts specifying a variety of business conditions. Once the contract is signed, the parties are generally required to adhere to the terms of the contract. If there is a business law dispute between the parties, the court will step in and help determine the enforceability of the contract. Contracts are a significant part of business law, so it is important to understand what they are and what makes them enforceable.
When a person or company enters in to a business contract with another person or company, each side is expected to hold up their end of the bargain. Failure to uphold your end is a breach of contract. In business law, a breach of contract can occur in many forms. For example, a breach of contract can occur when a party fails to perform their duties in a timely fashion or does not perform at all.
There are many forms of businesses, but one popular options is the limited liability company (LLC.) An LLC does not have a corporate tax structure but can still protect business owners from liability. In order to form an LLC in Florida, there are specific steps you need to take to make it legal. It can be helpful to speak with an attorney to make sure no business law regulations are overlooked.
Many federal and Florida laws are intended to protect consumers and companies against deceptive business practices. Business law claims often stem from unfair competition and other wrongful business actions. Unfair competition laws help prevent trademark infringement, trade defamation and false representations.