In North Carolina, as in other states, courts typically classify breaches as either material or minor when assessing contract disputes. But what do these terms mean, and why does this classification matter? Material vs. minor breach of contract A material breach is a...
Many successful business relationships have clear, unambiguous contracts as bedrock. When terms are unclear, they can create confusion and often cause disagreements between parties. When disputes arise, they can be costly and time-consuming. This is why clear contract...
Establishing a partnership can be a straightforward way to start a business, which can be especially beneficial if you want to share operational responsibilities with someone else. Still, these setups can be prone to legal disputes. If a party fails to fulfill their...
Contracts and negotiations are an important part of doing business in North Carolina. But even the most thorough contract doesn’t always prevent a dispute. Disputes in business may happen when one party misunderstands the terms of the contract. Some disputes involve...
Contracts are some of the most valuable tools available to businesses of all types and sizes. Legally binding agreements can outline the terms of a relationship between a North Carolina company and other parties, lowering the chance of complications and disputes....
Agreements between North Carolina businesses and other parties can be fruitful and beneficial for everyone, but it is critical that there be a clear understanding of the rights and responsibilities of all involved. One of the ways to ensure this happens is through a...
When a business is facing a lawsuit, there is much more at stake than just the inconvenience of fighting a claim. A legal claim against a North Carolina small business can bring the possibility of financial loss, damage to the reputation of the business and other...
When one party does not adhere to the terms of a contract, it can lead to financial loss and other complications for a North Carolina business. In many cases, the non-breaching party will seek remedy in the form of financial compensation, but this is not always the...
Business contracts are some of the most beneficial tools available to a North Carolina company. These agreements outline the rights and responsibilities of two or more parties that are going to initiate a business relationship or transaction. Contracts provide...
A North Carolina company’s proprietary and closely held information is some of its most valuable property, and steps should be taken to ensure that it remains with its rightful owner. The protection of trade secrets is critical, especially in the tech industry when a...
