What Happens When Shareholders are Deadlocked About Selling or Liquidating a Business?
June 12, 2018Corporate disputes among shareholders, officers, and directors often arise when the business comes to an end. Some shareholders may wish to sell or liquidate the business, while other shareholders disagree. If shareholders become hopelessly deadlocked in this manner, there are some solutions. One solution is to loo…
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What Are Derivative Claims in Business Disputes?
June 11, 2018Business disputes may involve direct claims or derivative claims. In a direct claim, a business seeks financial compensation for an injury caused by another’s action or inaction, such as a garden variety breach of contract claim. Similarly, a direct claim could involve an individual corporate shareholder who clai…
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What is the Fiduciary Duty Between Business Partners?
June 7, 2018A fiduciary duty is the duty to act for the benefit of another without taking a personal advantage from that act. Essentially, if you obey a fiduciary duty, you are acting on another’s behalf for his or her benefit. Fiduciary duties often exist because they are expressly outlined in a contract or a statute, but […
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