You have decided to take your product to an international level and partner with some foreign companies as you test the market in other areas of the world. While the anticipation and excitement of exploring global business can be highly advantageous, it can also completely backfire on you if you are not aware of what considerations to take along the way. Fortunately, with a little attention and a whole lot of commitment, you can take your California-based company and create something far-reaching in an international sense.
The relative health of a company in City of Industry can often be gauged by the types of contracts it holds. Government contracts in particular are highly valued, which is why so many companies come to us here at The Wang IP Law Group PC after such agreements are broken inquiring as to what legal recourse might be available to them. If you lose such a contract for reasons you view to be unjustified, the desire to maintain your company's good reputation might prompt you to ask the same question. You should know, however, that government entities are often afforded a great deal of leeway when it comes to getting out of contracts.
When California business owners decide to expand into the global marketplace, understanding how to navigate the cultural and legal environment of international trade becomes essential to their success. When business disputes come into play, this rings even more true; often, global organizations need the assistance of attorneys with experience in international arbitration to help.
What happens when consumers or other business owners feel you have wronged them in some way? They may claim you caused them economic injury by misrepresenting your product, advertising falsely or deceiving them otherwise. It is important for you, a California executive, to understand that these accusations comprise unfair competition.
As a business owner in California, you likely use contracts often to secure business deals. Under the law, contracts offer many protections, which is why they are used in business so much. However, despite the legal protections, there may still come a time when someone tries to break a contract with you. This is called a breach of contract.