business law

What is the function of the law of contract in business law?

What is the function of the law of contract in business law? Any business transaction should include a written contract. Contracts make agreements legally binding, and can also serve as reference material, documentation of business policies, and proof in the
breach of contract

What are the remedies of breach of contract?

What are the remedies of breach of contract? A breach of contract occurs when one party violates any agreed-upon terms and conditions contained in a legitimate contract. Any action or inaction, from a late payment to a more serious infraction,
copyrights, trademarks and patents

How do copyrights, trademarks and patents differ?

How do copyrights, trademarks and patents differ? Intellectual Property broadly refers to original and possibly valuable ideas, such as an invention or a work of fiction. Owning intellectual property gives you the authority to produce or license it. Patents, trademarks,
business litigation attorney

When To Hire A Business Litigation Attorney

When To Hire A Business Litigation Attorney Each year, 36% to 53% of small businesses are involved in legal disputes. An experienced lawyer is a crucial asset when dealing with business lawsuits. However, a business litigation attorney can also be
laches a defense

Is Laches A Defense To Breach Of Contract?

Is Laches A Defense To Breach Of Contract? Laches Defense If an unreasonable amount of time has passed after the incident actually happened, you may be entitled to use the laches defense in a civil case. When a legal claim
government litigation

What is meant by government litigation?

What is meant by government litigation? Different from other types of litigation, government litigation refers to disputes involving the government, in which legal considerations like sovereign immunity that are uncommon in private litigation can play a crucial role. Private litigants
Federal Court

Why Does A Case Go To Federal Court?

Why Does A Case Go To Federal Court? The United States has two different types of courts: state courts and federal courts. It is important to know the distinction in order to understand why a case goes to federal court.
product liability law

What is product liability law, and when is it applicable?

What is product liability law, and when is it applicable? Product Liability is a legal term that refers to a manufacturer’s, distributor’s, and/or seller’s culpability if a customer is harmed by a defective product. Manufacturers are not required to produce
business sued

What do you do when your business is being sued?

What do you do when your business is being sued? When your business is being sued, it can feel like all of the hard work of you and your employees is at stake. You will likely be notified of the
Business Protection Insurance

What is Business Protection Insurance?

What is Business Protection Insurance? Business insurance is essential protection that will help cover the costs of losses such as lost revenue, lawsuits, property damage, and other costs. Businesses will usually purchase several types of insurance and combine them into
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