Moreover, there are a variety of issues should be covered by
a contract between the business partners, including by way of example: the territorial or the scope of the agreement; exclusivity or non-exclusivity, taking European Union competition law into consideration; non-compete obligations, taking European Union competition law into consideration; minimum performance obligations; reporting obligations; marketing rights; the applicable terms and conditions of sale; the circumstances in which the agreement may be terminated and the consequences of termination.
A legal
contract between business partners or shareholders about who will own the business in the future.
Not exact matches
In this video with Entrepreneur Network
partner Business Rockstars, attorney Jessica Olmon gives one simple reason why you should avoid using online
contracts: The framework
between two similar deals might look the same, but different companies and people are willing to assume different levels of risk.
These disputes cover a variety of substantive areas including personal service agreements, construction
contracts,
contracts for the purchase and sale of a
business, agreements
between partners or shareholders in a
business, and agreements regarding waivers of liability.
Actions for breach of
contract can be against vendors, clients, employees, former employees, employers, real estate or
business partners, or any other entity where a
contract exists
between a
business and another person or entity or
between participants in a
business.
Disagreements
between partners and shareholders, allegations of
business fraud, a breach of
contract or fiduciary duty, theft of intellectual property — these are issues that can send co-owners and competitors to the courtroom for complex commercial litigation.
In a civil court, they will treat the document as they would any
contract between two
business partners.
His
business practice includes experience in advising clients regarding the purchase and sale of
businesses, as well as successfully resolving
contract disputes and disputes
between business partners.
Another commenter argued that consultations
between covered entities for treatment or referral purposes should not be subject to the
business partner contracting requirement.
This could be from a Key Man life insurance standpoint, or maybe life insurance to fund a Buy Sell
contract between partners that own a
business.
There may exist Insurable Interest
between several parties to a life insurance
contract, including spouses,
partners, parents and their adult children, siblings, family members and
business partners, among others.