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Protecting Your Business
According to the Small Business Association, as many as 82% of small businesses in the United States fail because of cash flow problems. Many of those cash flow problems come from customers not paying their bills. When payments become overdue, it is important to know...
Being an effective negotiator is an essential skill that permeates various aspects of life, from professional settings to personal relationships. Whether you're trying to strike a business deal, resolve conflicts, or discussing a compromise, the ability to negotiate...
Having a business partner can be an excellent way to share the workload and increase profits. However, a business partnership can also be a challenging and complex relationship. One potential issue that can arise is gaslighting, which is a manipulative behavior that...
Collecting on past-due accounts is not one of the most enjoyable aspects of running a business, but it is often a necessary one. You can make positive steps toward this goal — and avoid additional pitfalls — by following these tips as you attempt to collect on a...
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...
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...
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...
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...
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....
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''...