A business contract is legally binding. If you don’t fulfill your obligations under a contract, you may be on the hook for a lot of money — so much money that it could seriously damage your business. A wise business leader will seek to avoid that problem by having backup plans or working out solutions… Continue reading ‘Force majeure’ clauses may be essential to your contracts
Tag: Business Continuity
What happens when one business partner dies?
Unlike a marriage, a business partnership doesn’t involve making vows about working together until death do you part, but that is an implied part of an agreement in many cases. Business partners may negotiate certain terms for a buyout in their contract with one another, but they will likely intend to continue working together until… Continue reading What happens when one business partner dies?