At Wang IP Law Group, P.C., we represent numerous entrepreneurs and companies start, grow, maintain and protect their businesses in California and abroad. We therefore know that one of the vulnerabilities businesses face is that of being sued, either civilly or criminally, for deceptive trade practices.
As a business owner in California, you know that contracts are an integral aspect of doing business. While you hope for the best, breaches of contract can certainly occur, and these may cost your enterprise both money and time. The Balance explains some of the basics of contractual breaches so you can take the proper steps to have issues rectified.
When companies, large or small, in California bring together so many people of different backgrounds, beliefs, and educational pasts, there will undoubtedly be conflicting ways of thinking at times. In fact, many organizational leaders face daily challenges to reach amicable conclusions for issues that different people believe should be solved in different ways. Fortunately, the proactive and consistent efforts of such leaders to implement conflict reducing strategies can help to lessen their risk of experiencing a dispute that could hurt their organization's future and success.
In terms of geographic size and economic sway, California is the sixth largest economy in the world, surpassing France in 2016. As a result, California's employment laws are strict, and lawmakers allow for little exceptions. One example of such a law is the state's stance against non-compete agreements. Whether you are an employer or employee in California, it is important that you understand the state's ban on non-competes and how it pertains to you.
Owning and operating a company in California requires organizational leaders to be strategic and thorough in making decisions that will steer the direction of their organization's future. While they will encounter roadblocks along the way, it is imperative that they plan ahead to be able to effectively mitigate certain risks before they create a dangerous hazard. However, there are times when unforeseen circumstances, such as a cyber attack, can instantaneously compromise everything a company has worked so hard to achieve.
Sometimes when you sign a contract, you later find a need to get out of it. Generally, a contract in California is binding, meaning you have to honor it. However, there are some specific things that can void a contract and allow you to get out of it, according to USA Today.
One of the first things you will do to set up your business in California is choose your business name. This is an important step that requires careful consideration. There are many missteps you could make that could result in problems down the road. It is important to recognize these pitfalls beforehand so you can avoid them.