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Contracts

What defines a valid employment agreement?

You opened your first business recently, and you feel ready to hire your first employee. Do you know the elements of a sound employment agreement? Chron breaks down the elements of a legal agreement between employer and employee. Set your business, yourself and your...

Do you need a franchise lawyer?

Franchising can be a great way to become a business owner without having to go through all the hassle and headaches associated with starting a business from scratch. However, just because much of a franchise model is done-for-you does not mean you should not do your...

Defining different forms of breach of contract

The status of your business' contracts is no doubt a great concern to you. Both you and your partner fulfilling your respective terms will likely benefit you both. What happens, however, if and when your partner fails to live up to its obligations? Like most of those...

Cover these 3 areas in a partnership agreement

Cover these 3 areas in a partnership agreement

Entering into an Oregon business partnership requires you to have a certain level of trust. However, partnerships turn sour for all types of reasons. So, it may serve you well to have a solid partnership agreement in place even if you have the utmost trust in your...

What is “termination for convenience?”

What is “termination for convenience?”

Securing a contract is a noteworthy event in the life of any business in Oregon. This is especially true if your company's new contract is with a government partner. Such entities typically offer greater stability than businesses in the private sector. Therefore, some...

How do you navigate a breach of contract?

A few months ago, you entered an exciting contract with a business partner, employee or vendor. The business relationship started well, but now, you feel the other party violated your agreement. Chron provides insight into how to handle contract violations. Learn how...

What makes a contract fair?

When trying to enforce a contract through litigation, the court will scrutinize the contents. It will look for anything that might violate the law. While there are many different legal aspects required to create a binding contract, you always want to be sure that in...

How do you avoid contract disputes?

You opened your own business recently, and you feel ready to create your first contract with a client or employee. Do you know how to avoid contract disputes? Set yourself and your business up for success and smooth waters. Account for all financial matters before...

Important considerations for drafting contracts

A contract is essentially a legal promise between two interested parties that are exchanging something of value. If a contract is valid, it is enforceable if either party breaches the contract. Because contracts are an essential part of business agreements, it is...

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