An amazing piece of business litigation has erupted in Europe. In the United Kingdom, there is a chain of supermarkets called "Iceland Foods." In the European Union, this company was granted a trademark for the word "Iceland" in 2014. The country of Iceland is not a...
It doesn't matter how much of a veteran you are in the business world, or how new or experienced your company is -- in any case, you will be dealing with a lot of documents, contracts and agreements that are legally bound to be upheld. There may be varying...
Creating or forming a business, may it be a brand new company or a company that comes into existence out of a bankruptcy, is a complicated and difficult process. There is no easy way to create a company or build it out to the successful company that you ultimately...
A few weeks ago, we wrote about a sports equipment company, Golfsmith, going bankrupt. In that post, we talked about the declining popularity of golf, and how that has played a role in Golfsmith's bankruptcy. We bring this up because another sporting goods company...
Closing a business isn't something that a business owner takes lightly. While some business owners decide to shutter the doors immediately, this often leaves customers and employees baffled. Proper planning can help you to close your business in the best manner...
In our last post, we talked about non-competition agreements and how these contracts provide legal protection for companies in regards to trade secrets and business processes in light of an employee moving to a different company. Today, we'd like to follow up on that...
Noncompete agreements are essential parts of the world of business law. Companies that use them are protecting themselves from potentially damaging situations in the future. A noncompete can be a standalone contract or it can be a clause in an employment contract....
Tiger Woods' career has fallen off a cliff in recent years, and there is a lot of doubt about his ability to even return to semi-competitive form, let alone is hyper-competitive and dominant form he once managed. With Woods waning, golf as a sport has struggled to...
Contracts are essential to the business world. While they are honored and fulfilled in most cases, there are also times when one party to the contract fails to do what they are supposed to do in order to make sure the contract gets completed. Whether that is willful...
A few months ago, we wrote a post about closely held businesses and we defined what this type of business is. Closely held businesses are essentially private businesses that have a very limited number of shareholders. Since it is "closely held," such a business can't...
