In a business setting, every agreement is important, and any dishonest actions could lead to thousands of dollars in losses or even the end of a business. There are many aspects to business law, from partners deciding on how to divide a business’s assets to illegal practices in selling real estate. With so much on the line, it is important to ensure that your rights are protected and all proceedings are handled as efficiently as possible. The attorneys of Powers Law Firm are experienced in a range of business topics and are ready to help you protect your investment.
When fraud is committed by or against a company, those involved could be facing court dates and criminal allegations, as well as civil claims. Fraud can include anything from mishandling of company assets to insider trading, but any cases of fraud carry serious consequences.
Business contracts are important to ensure that all parties are in agreement on key issues and expectations. When a party neglects to fulfill their end of the arrangement, such as failure to deliver the proper goods or complete a project in a timely manner, they could be held liable for the resulting damages.
When trust is placed in a leader or powerful figure within a business, they have a certain duty to act in the best interest of the company. If they breach this duty, such as acting in detriment to the company in order to further their own ends by usurping company opportunities or taking company funds, they could face legal action.
The field of real estate involves complex contracts, and there are many ways that dishonest individuals attempt to cheat others through the real estate system. Failing to disclose defects in the property or restrictions on the use of the property that interfere with the intended business venture are just a few examples.
Business partners may enter disagreements about many topics, such as who owns which aspects of the company and distribution of partnership assets/liabilities, especially in the instance of a company’s shutting down.