Business agreements rely on contracts to define obligations and expectations. When one party of the contract fails to uphold their end of the bargain, that breach of the contract can trigger litigation. Vague and poorly worded contracts are harder to enforce....
Protecting Your Business
Month: January 2023
Mitigation of damages in contracts
What to do as the non-breaching party Even if a party is innocent/not responsible for breach of a contract, they cannot sit around and do nothing and expect a ruling to go overwhelmingly in their favor. Why is this? There is a concept called “mitigation of damages''...
What leads to shareholder disputes?
As owners of a corporation, shareholders have important interests in the governance and success of the organization. Their role in the business is often quite limited, however. They rely on directors and officers to make key decisions, oversee the growth of the...