Hiring managers and business executives regularly struggle to recruit and retain top talent. If you do not want your employees to leave and start a competing venture or work for a competitor, you may ask them to sign a noncompete agreement. If the noncompete agreement...
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PORTLAND BUSINESS & COMMERCIAL LAW BLOG
Avoid the mistakes of others when starting your business
If you have been dreaming of starting your own business, you know it requires vision, dedication and little luck. It is a good idea to learn about the mistakes other entrepreneurs have made so you can avoid the same pitfalls. Create an expansive marketing strategy...
An employment contract is more detailed than an agreement
When you begin hiring employees for your new company, you want to cover all the information they need while protecting your business. As opposed to a basic employment agreement or memo of understanding, an employment contract sets forth detailed information concerning...
Statistics on mergers and acquisitions
Whether you run a successful company that has operated for many years or you are thinking about creating a business, there are a wide variety of legal factors to take into consideration. Sometimes, business owners decide that moving forward with a merger or...
Is arbitration effective for resolving business litigation?
While your business partnership may have started well, what happens when one party becomes unhappy with the circumstances of the agreement and seeks to dissolve it? Often, disputes prompt partners to file litigation; however, arbitration may provide a more beneficial...
Cannabis may be legal at the state level, but risks remain
Fifteen states now allow regulated amounts marijuana for adult recreational use and three more may follow in 2021. But the business of retailing weed remains an unconventional enterprise fraught with risk. It still is illegal under federal law to sell or possess...
The importance of a good contract for construction businesses
When preparing to launch a new construction business, owners should learn about the different ways that a well-drafted contract may benefit them. Any relationship with a client may run into unforeseen problems and without a good contract in place, construction...
What to know before forming a business partnership
When starting, all business owners face the decision of how to structure their companies. They may choose from sole proprietorships, partnerships, limited liability companies and other structure options. With various formation types available, some may struggle to...
6 points to consider before purchasing a business
Perhaps you have been looking for a business to buy for a good while, or perhaps such an opportunity recently appeared out of nowhere. Many questions need answers before you commit to a purchase. Here are six points to consider before you buy the business you have in...
Do not believe these 3 succession planning myths
If you have grown a startup venture into a successful company, you undoubtedly have an eye on the future of your business. Eventually, you may want to retire or step aside to focus on something else. Having a comprehensive business succession plan is an effective way...
