If you have a valid judgment from another state, it is possible to have it recognized and enforced in California through a streamlined process known as domestication. Domestication is the legal process of recognizing and enforcing an out-of-state judgment in...
Protecting Your Business
Year: 2023
3 major pitfalls of hiring a debt collection agency
As a business owner, you make your living by selling products or services to a wide variety of customers. In the course of conducting your business, it is likely that you will occasionally render service to customers who cannot pay up-front and therefore owe you a...
3 ways to safeguard client payments for PCI compliance
Client payments are the bread and butter of a company’s revenue stream. You can encourage your clients to pay their bills on time by offering multiple payment forms. Electronic payments are one of the more convenient payment options for clients, but this practice...
What are your duties to your shareholders?
Owning and operating a business can come with many responsibilities. Perhaps when you started your business, you were able to focus primarily on your client and customers, ensuring that you could meet their needs. Whether you gained shareholders because your business...
Key elements of an enforceable contract
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....
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...