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This issue recently came up in a case. Someone sells their business in California and signs a 10-year noncompete. After about 5 years they need some money, and an attorney tells them 5 years is long enough - go ahead and solicit the customers you know from your former business.

Not surprisingly - he is sued.

In California, Business & Professions Code Section 16601 enforces certain noncompete agreements signed by the seller of a business. So long as the business ...

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‎ Employment Law , ‎ Business/Corporate Law

The slip and fall term is used mostly in personal injury compensation cases. Such cases can be found under the broader category better known as “premises liability” claims. This is because the slip and fall accident usually happen on the property of someone else and the possessor or the owner of the property can be held legally liable of injury compensation by Goodmans Law.

There are many dangerous conditions which can determine you to file personal compensation in case you have been ...

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‎ Business/Corporate Law

Legal advice is essential before making any investment in Australia. Setting up a business can be very involving; an expert opinion will ensure that you are on the right track with properly laid down operational structures. Commercial law plays an important role especially when investors want things to run smoothly. Getting it right from the legal and accounting side requires authentic and professional approach if you want your business to see through its success.

Globalization ...

Tags: lawyers gold coast

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‎ Business/Corporate Law

When a business is incorporated, the shareholders, who act as owners, are given protection from lawsuits against the corporation. This give shareholders “limited liability” for the actions of the corporation, in that the shareholders are only responsible for the businesses debts as must as they have invested in the stock. This protection is known as the corporate veil. However, the corporate veil can be pierced in certain situation if the corporation is sued and certain issues arise.

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A partnership is “the association of two or more persons to carry on as co-owners a business for profit forms a partnership, whether or not the persons intend to form a partnership.” In a partnership, all partners are jointly and severally liable for the obligations of the partnership. A partnership is the default business form. All other business forms require a filing to create (Joint ventures, LP, LLP, LLC, and Corporation).

In a partnership, there is a high fiduciary duty. This ...