If you've ever watched the reality TV show, "Shark Tank," you know that fishing for investment dollars can be tough. It requires a unique sales pitch. And investors who decide to become shareholders expect the entrepreneur looking for help to provide the best...
Business Contracts & Disputes
What does it take to create solid noncompete agreements?
If you keep up on the business scene in North Carolina, you probably spotted the news that some 225 employees in the state who work for Avery Dennison Corp. are being shown the door. It made headlines in the Charlotte Business Journal. The company is pulling the plug...
Mandatory arbitration comes under fire. What’s that about?
The importance of a contract, in writing -- signed, sealed and delivered, is something that we have talked about before in this blog. But it's just as important for all the parties who are signing on the dotted line of that contract to understand what the document...
Private sale revives hopes of a future for NC med-tech company
The common perception of bankruptcy is that it is the first pealing of the death knell for a company. But that isn't always the case. Very often, bankruptcy proves to be the most important step toward reviving a company's future.By entering into bankruptcy...
What’s the best way to enforce terms of a contract?
An old quote that has been around a long time is one that many business people in North Carolina are likely to be familiar with. It goes, "A verbal contract isn't worth the paper it's written on." Another adage, slightly tangential but perhaps no less important, comes...
What’s in a name? A lot if it triggers a contract dispute
Most everyone has probably heard of employment agreements that include a noncompete clause. They are intended to serve the legitimate purpose of protecting a company's proprietary information; its trade secrets if you will. But like all contracts, they are only as...
Alex Rodriguez embroiled in breach of contract lawsuit
There are many horror stories regarding relationships between in-laws. Despite this, there are many in-laws in North Carolina who have a wonderful relationship and actually go into business together. Unfortunately, a recent breach of contract lawsuit filed by Alex...
Rent and lease disputes may commonly lead to business litigation
Rental and lease agreements between businesses are a common fact of business life, both in North Carolina and throughout the country. They often are the subject of business litigation arising from differing interpretations of the contractual terms. Often a lessee...
Damages for breach of contract will vary with the facts
When a business in North Carolina is in a contractual relationship with a person or another business, it relies on getting a certain return from the transaction. The parties can memorialize the agreement by reducing it to a writing and sometimes will even state their...
Jury awards $16.1 million breach of contract verdict
Nuclear engineering and power companies are as prone as others to become embroiled in extensive business disputes. In one recent case, two such companies went to trial over accusations of breach of contract and theft of proprietary information. The claims included the...