Skilled and experienced resolution of legal disputes.

Los Angeles Business Organizations Law Blog

When can a seller back out of a real estate contract?

Searching for real estate can be frustrating and time consuming. Often, a potential buyer looks at dozens of offerings before finding one that will suit. When you finally found the perfect property, you may have felt a mixture of relief and excitement. Whether your pending purchase was for a business venture or your new home, you likely began making plans right away.

You probably paid to have an inspector check over the property, and perhaps you engaged contractors to make renovations or repairs. Maybe you sold your old house, bought new furnishings or rented a storage unit. It must have been a shock to you when the seller pulled out of the sale without warning.

You think marriage is tough? Business partnerships may be tougher

You've probably read all about the high divorce rate in the nation. If you're married, you may have firsthand experience with how challenging marriage can be at times. If you also happen to be a California business owner who is currently navigating the start-up phase with a new partner, you may be at risk for a break-up since the dissolution of business partnerships during the start-up phase is approximately 20-30 percent higher than the average divorce rate.

Perhaps you already have an inkling that your partnership may split. You respect the other person; after all, you shared a dream and really gave it your all in trying to bring that dream to fruition. If you still hope to make your business successful, and you want to part on good terms, you may want to seek guidance for how best to proceed to obtain an amicable separation of interests.

Your music may strike a cord with another artist

Music is nearly everywhere you turn. Even if you aren't an avid music lover, you will hear music in movies, on television and even in video games. As an artist, you may use elements of another musician's work, but you strive to make it your own.

However, if that other artist believes that your song is too similar, you could face a complaint of copyright infringement. You automatically create a copyright when you write or record a piece of music.

Signature or handshake: Which contract is best for you?

You probably make business agreements on a daily basis without a contract. When you order food at a restaurant, drop off your dry cleaning or get a haircut, you don't feel the need to negotiate terms. Even if you buy or sell a car to a family member or ask a good friend to help with a home repair, it may never occur to you that a signature on paper is necessary.

Perhaps you have conducted your small business this way too. The familiar, trusting method of reaching an agreement and sealing it with a handshake may seem sufficient for your clients. However, what happens if something goes wrong?

The 1-star truth behind negative reviews

When you have a rare evening free from work, you certainly want to make the most of it. If you decide to try a new restaurant or see a movie, like many California consumers, you may check various websites for reviews and ratings. After all, your time and money are precious, and you don't want to waste either on a bad experience.

Trusting in online reviews is widespread. People can post their opinions of hotels, home improvement contractors, items they buy online, even their college professors. However, you may have been shocked to read a scathing review of your own business, and the details of the post make you believe it was not authentic.

What does it take to make a partnership work?

Many different factors make up a business relationship. Partners must have similar skills, the ability to communicate and a common business goal to have a chance at success. Even with these things in play, the partnership may not work.

If you decided to go into business with a partner, the chances are good that the partnership started as a friendship. You and your partner likely had mutual interests and a certain degree of respect for each other as business associates. When it works well, your business may thrive. When it isn't working, you and your partner may make each other miserable.

3 questions to ask during a business partnership dispute

Before entering into your business partnership, you likely asked yourself and your potential partner numerous questions. These questions undoubtedly allowed you to gain a better idea of whether the partnership would feasibly work and whether your business ideals aligned. Once you covered all the areas you felt pertained to the situation, you likely moved forward with your business partnership in a confident manner.

Of course, even strong beginnings can turn into unfortunate endings. As a result, you may have recently found yourself at odds with your business partner. Partnership disputes occur relatively often in the business world, and you may wonder the best way to handle your particular predicament. When assessing the problem, you may want to ask yourself and your partner these questions:

Legal action may remedy breaches of fiduciary duty

Business relationships can often act as fruitful enterprises for many individuals. Because businesses typically have many parties involved at various levels of power and responsibility, you and other individuals associated with the company likely have to place your trust in the abilities and actions of other higher-up parties. In many cases, these higher-up individuals make business decisions for the benefit of the company.

Unfortunately, as a company shareholder, you may find yourself feeling at times that board members have not taken your best interests into account. As a result, you may begin questioning the nature of the business relationship.

Help! I'm facing a business-related dispute.

Forming a business in California is similar to forming a marriage. It is intended from the very beginning to be a long-term relationship. The partners essentially agree to connect their futures and personal goals together and stay faithful in the business relationship. However, you may find yourself in need of a business divorce if you have been in business with a partner for a while but have gotten into a dispute and now need to go your own way.

Business litigation may help end partnership disputes

When you first started your business, you likely had ideas that you and your business partner would rule the company and gain desired success. Unfortunately, you may have fallen victim to going into business with someone who later revealed differing ideals and goals. As a result, you may wish to end your partnership in order to pursue the dreams you had in mind.

After deciding to move in such a direction, you may need to take various steps before a separation finalizes.

Email Us For A Response

Your Solution Starts Here

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

office

Chodos & Associates
1880 Century Park East
Suite 615
Los Angeles, CA 90067

Toll Free: 866-986-7255
Phone: 310-598-3405
Fax: 310-203-3866
Map & Directions