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June 2020 Archives

What should you do about a breach of contract?

When a contract is breached, you may feel like you're stuck in a difficult position. On one hand, you can take the other party to arbitration or court, depending on the requirements of the contract. On the other hand, you may still want to keep a positive business relationship with the other party.

Questions to answer before buying a business

Maybe you're looking to buy a business because you've always wanted to work for yourself, or to diversify or expand your current operation. Regardless of the reason, this is a big decision that will impact you personally, financially, and professionally.

Consider a spendthrift trust to protect against overspending

You want to leave behind assets for your children, but something that you're concerned about is that your children don't always have the best habits. One may like to gamble a lot. Another one may tend to donate almost all of her money to others, which leaves them in poor financial circumstances time and time again. They're young, but they need to know that their actions have consequences that could leave them in dire financial straits.

Time is of the essence in auto manufacturing defect cases

Auto manufacturers invest a lot of time and energy into designing and producing cars that can hold up to the demands placed on them. The goal in manufacturing these vehicles is to ensure that the rate of impact gets distributed over the greatest distance and time should a collision occur. There's less of a chance of passengers suffering bodily harm if auto manufacturers do this. This concept is known as crashworthiness. While many vehicles live up to these standards, there are a few that don't.

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