A breach of contract occurs when one party does not live up to its end of a contractual agreement. As a business owner, you could find yourself in that situation with vendors, customers, and other professionals you encounter. If another party has failed to honor a contract, here are some steps you can take. Review the Contract Although you might believe that the other party has breached the contract, you need to be sure before you can take action.
Submitting a patent application is an involved and often long process. For this reason, when someone has their application denied, this can be disheartening. Fortunately, a denied application doesn't have to serve as the end of the road. Here are just three of the most common reasons why applications are denied. Limited Variance One of the more common issues that cause an application denial is limited variance. If your patent application is too similar to a previous application, even if not submitted by you, your application can be denied.
Probate is a scary word for many people. However, it doesn't have to be. There are several easy things you can do to ensure your estate avoids probate after you are gone. Some of these tasks require the assistance of a competent estate planning attorney, but others can be easily handled by you from the comfort of your own home. Create or Update Your Will If you don't have a valid Living Will, this is a huge problem that should be corrected immediately.
Keeping a business within the family can be much more difficult than you can ever imagine, especially if ownership disputes arise. The truth is that less than one-third of family businesses are able to successfully transition from the first generation to the second. If you don't want to waste all of the efforts that your parents or elders may have put into a family business, it's crucial for everyone involved with the business to sit down with a family business mediator to discuss how business ownership will be divided.