Contracts are the foundation of the business world in Florida. Without them, businesses would not be able to obtain the consistency in costs and supplies needed to provide consumers with steady and reliable products and services. Of course, the terms of a contract must be carefully negotiated in order to ensure a fair bargain, and legal action is often justified when those terms are breached. But, businesses need to be careful in their communications and interactions with other parties to avoid creating a contractual relationship when they do not intend.
The benefits of an acquisition to grow your company
There are a variety of benefits associated with acquiring another business. Any company considering an acquisition should understand the benefits, process and how business law legal resources can help with a successful acquisition process.
Contracts for business owners
Regardless of what type of business you are in, it is essential to be familiar with contracts, including what makes a contract valid and what to do if a contract has been breached. Contracts are the basis for most business relationships and business transactions, and they can provide the foundation for a strong and healthy business.
When to choose merger, and when to choose acquisition
When your business is looking to expand by joining forces with another business, one of the discussions you will need to have is whether to pursue merger or acquisition. Under Florida law, mergers and acquisitions have small but important differences.
Startup company plans to revolutionize drone aviation
After long development in military applications, drone aircraft are becoming an increasing presence in consumer markets. They're used for toys, camera work and possibly even package delivery. However, most of these drones are powered by electricity, and as a result they are limited by the weight and electrical capacity of their batteries.
Knowing when to buy and when to sell a business
For many Florida businesses, one key to growth is through smart, well-managed acquisitions. But sometimes it can be even more important to know when to sell parts of the business.
Assuring that business contracts work
Contracts and agreements are an essential part of conducting business for all companies, regardless of their size. Contracts are becoming more complex and proper drafting has become an essential part of Florida business law.
Dealing with negative online reviews
Negative online reviews may be an unpleasant reality for businesses. But, there are business law restrictions governing how businesses can deal with negative reviews. The Federal Trade Commission approved final orders resolving complaints against five companies charged with violating the Consumer Review Fairness Act.
Wage lawsuits may be costly
Many large companies, such as Walmart, Amazon and Uber, have been sued in legal actions concerning wages. For smaller firms, however, these wage-and-hour lawsuits may have even more serious business law and financial consequences, because these entities have fewer resources to absorb a judgment.
Valuable consideration as part of the contract formation process
A business agreement may be made when one party makes an offer to the other and the second party accepts. Offer and acceptance are foundational elements of contract formation, but so, too, is consideration. This post will offer Florida readers an explanation of what constitutes valuable consideration. However, readers should not use this post as legal advice or guidance.
