You’ve spotted an opportunity in the market and want to move fast before someone else has the same idea. The only problem is, you don’t have the money to do it all yourself. So you approach a friend and ask if they want to go into business with you. If you want a...
Business Law
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Here’s how a verbal promise might be deemed a binding contract
Contracts are a powerful tool in the business world. They can ensure that your employees perform their duties in accordance with your standards, lock in prices for needed goods and services, and even dictate how you can use your commercial property. Language is a...
What makes a contract valid and what is a breach of contract?
Understanding contract basics and contract formation is important because contracts are such an important part of business relationships. In addition, business owners and parties to contracts should be familiar with what to do if a contract has been breached which can...

