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  • Breach of Business Contract - Breach of Business Contract Law Resources - LawInfo
    to lose money or suffer a non monetary loss Remedies for a Breach of Contract When there is a breach of a business contract there are possible legal remedies Remedies are intended to compensate for the loss caused by the breach There are three common remedies for a breach of a business contract damages specific performance or cancellation Damages The party that breached the contract may be responsible for payment in one form or another to the other party Specific Performance If simply paying the other party is not a sufficient remedy the non breaching party may ask the court to order that the contract be fulfilled This type of remedy occurs when the item or service is unique Cancellation A non breaching party may cancel the contract and relieve both parties of any obligation under the contract The information on this page is meant to provide a general overview of the law The laws in your state and or city may deviate significantly from those described here If you have specific questions related to your situation you should speak with a local attorney or find qualified local Breach of Business Contract Attorneys on LawInfo Or click to find Breach of Business Contract Attorneys in a specific location Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Share this information Search LawInfo s Breach of Business Contract Resources Additional Breach of Business Contract Articles Loan Modification Basic Legal Concepts Loan Modification Overview Still have questions Contact

    Original URL path: http://www.lawinfo.com/breach-of-business-contract.html (2016-02-15)
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  • Drafting Business Contracts - Drafting Business Contracts Law Resources - LawInfo
    very difficult to enforce in court A carefully constructed business contract will protect both parties and clearly describe the details of the agreement Basic Components of a Business Contract Statement of purpose Explains the purpose of the agreement and introduces each of the parties involved Obligations of each party Explains in detail what each party is agreeing to do Assurances granted to each party Promises made relating to the agreement often in the form of representations and warranties Boilerplate provisions Standard legal language that should be included in most contracts and may include choice of law especially important if the parties are located in different states severability how to provide notices and who pays attorney fees in the case of a legal dispute Area for signatures Include space for a notary public if necessary Share this information Search LawInfo s Drafting Business Contracts Resources Still have questions Contact experienced Drafting Business Contracts Attorneys on LawInfo com or learn more about Business Contracts Find an Attorney in Your Area Legal Issue e g Personal Injury Location Area Code OR City State Advanced Search Options Popular Searches Commercial Litigation Business Franchise Business Contracts Drafting Business Contracts Videos Drafting Business Contracts Drafting Business

    Original URL path: http://www.lawinfo.com/drafting-business-contracts.html (2016-02-15)
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  • Terminating Business Contracts - Terminating Business Contracts Law Resources - LawInfo
    both parties have successfully fulfilled their obligations as stated in the contract it is essentially terminated Prior Agreement If one party wants to terminate the agreement and has followed the proper notification procedure as described in the contract the contract may be terminated Breach of Contract If one party does not complete or fulfill the obligations as stated in the contract that party is in breach and consequently the contract may be terminated Rescission If it becomes clear that one party misrepresented the facts or even acted illegally the contract may be invalid and therefore terminated Impossibility of Performance If the contract requires one of the parties to do something but conditions outside their control make it impossible to do it the contract can be terminated How to Terminate a Business Contract A business contract should clearly explain how and when either party can terminate the agreement If the terms of the agreement have been fulfilled the contract may terminate automatically If one party wants to end the contract before this time there are a few options The first is to follow the proper steps for termination stated in the contract This may be a written 30 day notice for example Contracts may also be terminated for breach of contract or rescission however if the parties are not in agreement as to when and how the contract should be terminated it could result in a legal dispute Share this information Search LawInfo s Terminating Business Contracts Resources Still have questions Contact experienced Terminating Business Contracts Attorneys on LawInfo com or learn more about Business Contracts Find an Attorney in Your Area Legal Issue e g Personal Injury Location Area Code OR City State Advanced Search Options Popular Searches Commercial Litigation Business Franchise Business Contracts Terminating Business Contracts Videos Right To

    Original URL path: http://www.lawinfo.com/terminating-business-contracts.html (2016-02-15)
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  • Accepting Payment - Accepting Payment Law Resources - LawInfo
    method of payment Credit and debit cards are flexible and convenient so many patrons appreciate a business that accepts them You should also consider that there are some cons to credit card acceptance most notably that there is usually a fee associated with accepting credit cards Also by adding credit cards as a form of payment you may be required to keep additional records and adjust your bookkeeping practices within your business The bottom line is that the days of accepting only cash transactions are long gone and there are many options to explore when deciding how to process payments within your business Share this information Search LawInfo s Accepting Payment Resources Still have questions Contact experienced Accepting Payment Attorneys on LawInfo com or learn more about Business Financials Find an Attorney in Your Area Legal Issue e g Personal Injury Location Area Code OR City State Advanced Search Options Popular Searches Commercial Litigation Business Franchise Business Contracts Advertisements Find An Attorney By Practice Area By Location By Name Resources Hot Legal Issues Legal Forms Legal Library Law Videos Consumer Blog Forums For Attorneys Legal Marketing LawInfo About Us Jobs Partners Contact Us Authors Español Legal Copyright Notice Privacy Policy

    Original URL path: http://www.lawinfo.com/accepting-payment.html (2016-02-15)
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  • Balance Sheets - Balance Sheets Law Resources - LawInfo
    sheets reflect business assets liabilities and equity as a snapshot or within a specific timeframe There are other financial statements used within a business but the balance sheet is the one which applies to a single point in time within the business Generally balance sheets are divided into three parts Assets Liabilities Ownership equity One of the most important categories is assets and it is typically listed first The assets portion is followed by liabilities The third category is the difference between assets and liabilities and is referred to as equity Therefore the simple accounting equation for net worth is assets minus liabilities Share this information Search LawInfo s Balance Sheets Resources Still have questions Contact experienced Balance Sheets Attorneys on LawInfo com or learn more about Business Financials Find an Attorney in Your Area Legal Issue e g Personal Injury Location Area Code OR City State Advanced Search Options Popular Searches Commercial Litigation Business Franchise Business Contracts Balance Sheets Videos Balance Sheets Advertisements Find An Attorney By Practice Area By Location By Name Resources Hot Legal Issues Legal Forms Legal Library Law Videos Consumer Blog Forums For Attorneys Legal Marketing LawInfo About Us Jobs Partners Contact Us Authors Español

    Original URL path: http://www.lawinfo.com/balance-sheets.html (2016-02-15)
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  • Blue Sky Laws - Blue Sky Laws Law Resources - LawInfo
    that are fraudulent Each states laws may vary but most states laws require companies to make offerings to register their offerings before they can be sold within the state Many of these laws are modeled after the Uniform Securities Act of 1956 Brokers and brokerage firm licensing is also governed under these laws State Blue Sky Laws are typically governed by the state s regulatory agency but also allow for private causes of action in the event that an investor is harmed during an act of securities fraud Share this information Search LawInfo s Blue Sky Laws Resources Still have questions Contact experienced Blue Sky Laws Attorneys on LawInfo com or learn more about Business Financials Find an Attorney in Your Area Legal Issue e g Personal Injury Location Area Code OR City State Advanced Search Options Popular Searches Commercial Litigation Business Franchise Business Contracts Blue Sky Laws Videos Blue Sky Laws Advertisements Find An Attorney By Practice Area By Location By Name Resources Hot Legal Issues Legal Forms Legal Library Law Videos Consumer Blog Forums For Attorneys Legal Marketing LawInfo About Us Jobs Partners Contact Us Authors Español Legal Copyright Notice Privacy Policy Terms Conditions Disclaimer Connect with us

    Original URL path: http://www.lawinfo.com/blue-sky-laws.html (2016-02-15)
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  • Business Accounting - Business Accounting Law Resources - LawInfo
    the form of financial statements showing all the financial resources within the business and how they are being allocated Accounting is typically kept in the form of balance sheets showing snapshots of a business s financial information at the time the snapshot is taken through the end of a specified accounting period Other Business Accounting Types Some business use cash flow forecasting to provide a model of how cash is predicted to flow through the organization and how it will be used in certain projects Business also keep accounting records in the form of income statements which explain the income generated by the business and are used by business accountants to generate other financial reports Share this information Search LawInfo s Business Accounting Resources Still have questions Contact experienced Business Accounting Attorneys on LawInfo com or learn more about Business Financials Find an Attorney in Your Area Legal Issue e g Personal Injury Location Area Code OR City State Advanced Search Options Popular Searches Commercial Litigation Business Franchise Business Contracts Business Accounting Videos Business Accounting Advertisements Find An Attorney By Practice Area By Location By Name Resources Hot Legal Issues Legal Forms Legal Library Law Videos Consumer Blog Forums For

    Original URL path: http://www.lawinfo.com/business-accounting.html (2016-02-15)
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  • Business Billing - Business Billing Law Resources - LawInfo
    necessary to require up front payment Collecting a deposit is common practice for many businesses and clients often understand this Another method of billing is to invoice clients for services your business performs Invoicing can be done monthly or bi weekly in order to break up payments due as well as keep cash flowing through the business Depending on your business type will likely influence how you invoice for billing Finally you may set up a merchant account that accepts credit card payments Typically there are transaction fees sometimes four to five percent but this may be worth the cost due to the convenience to customers and the business Merchant accounts can be set up through banking institutions or online programs and portals Share this information Search LawInfo s Business Billing Resources Additional Business Billing Articles How do I resolve a dispute regarding billing quality of repairs or warranties Still have questions Contact experienced Business Billing Attorneys on LawInfo com or learn more about Business Financials Find an Attorney in Your Area Legal Issue e g Personal Injury Location Area Code OR City State Advanced Search Options Popular Searches Commercial Litigation Business Franchise Business Contracts Business Billing Videos How To

    Original URL path: http://www.lawinfo.com/business-billing-and-collections.html (2016-02-15)
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