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3 Most Common Causes of Partnership Disputes

3 Most Common Causes of Partnership Disputes

Partnership Disputes
Even the most successful businesses run into bumps along road. One problem that is common for business owners to face is partnership disputes with other founders or co-owners of the company. When these types of disputes go unaddressed it can result in low morale throughout the company, lost profits, and in the worst situations, dissolution of the business. By crafting a thorough and clear partnership agreement, these disputes can be avoided. To better understand what items to include in your agreement, we have complied this list of the most common factors that contribute to a partnership dispute. Poorly defined authority: A partnership agreement provides co-founders the opportunity to clearly define each party’s role and authority within the company. If these roles are not defined from the start, it can result…
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The Benefits of Hiring an Agricultural Attorney

The Benefits of Hiring an Agricultural Attorney

Agricultural Law
Agriculture plays a huge role in California’s economy, from dairy farms to cattle ranches to vineyards, farmers are central to the state’s agricultural production and contribution. Buying and operating a farm comes with not only physical and financial demands, but legal obligations and responsibilities. To ensure a successful operation, it is helpful to work with an experienced agricultural attorney and here’s why. Keep you in compliance: There are many state and federal laws surrounding agricultural development, water use, and transactions. Staying in compliance with all of these different laws can be stressful, but your attorney can keep you up-to-date as laws change or new ones take effect. Review paperwork and legal documents: Just as with any business, an agricultural operation has contracts, licenses, and other legal documents which must be…
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Estate Planning 101: Top 4 Reasons to Create a Will

Estate Planning 101: Top 4 Reasons to Create a Will

Wills
When you begin estate planning, a critical component to consider is the creation of a will. In most states, your assets will fall into the complicated legal process of probate after your passing, unless you have a valid will in place. Wills are legal documents which establish how you wish your property to be divided, following your death. There are many reasons to create a will including: Allocate your assets: From family heirlooms to savings accounts, you should be able to decide which family members receive your assets. Without a will in place, the state will decide who receives these items, and it may not include provisions for friends or community members. To ensure your wishes are honored, it is important to create a will. Protect your business: If you…
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4 Tips for Handling a Contract Dispute

4 Tips for Handling a Contract Dispute

Uncategorized
In each industry, the formation of legal contracts and documents is the backbone of business. The pieces of paper that you sign can have a huge impact on your professional relationships, whether you are making a large purchase, hiring someone’s services, or collaborating with a business partner. While you may hope that the language of each contract is clear for each party involved, people may interpret things differently, which results in contract disputes. If you are faced with a contract dispute, here are some tips to keep in mind: Log Communications: Once a disagreement starts, it can be hard to remember what exactly was said and when. For this reason, it is important to get in the habit of communicating in written form (emails, written letters, etc.) so that you…
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