This article discusses some of the most common types of business disputes.
Common Types of Business Contracts
Supply Agreements, Bulk Asset Purchase Agreements, and Manufacturing and Distribution Contracts -These are contracts that describe the terms and conditions in which one company will manufacture, supply, and distribute goods to another company.
Non-Compete Agreements - These agreements are usually made between employer and employee and have a clause where the employee agrees not to start a trade or business that would be in direct competition to the employer's.
Employee Contracts - These are typically written, but can also be verbal. This contract is between an employee and an employer and it defines the terms and conditions of employment.
Promissory Notes - These are a financial tool, usually in the form of a signed document, in which one person or party agrees to pay another a certain amount of money on a certain date.
Construction Contracts - These are signed documents that define the terms and policies of the agreement between owners of a project and contractors.
Intellectual Property Rights - Are protections owners have for their creations of the mind. Intellectual property can include patents, copyrights, trademarks, trade secrets, artistic creations, and industrial design rights.
Real Estate Sale Agreements - Or purchase agreements are brokered and negotiated by real estate persons, but entered into between a buyer and a seller.
Joint Venture Agreements - These occur between two or more companies that form a partnership where they develop a new entity. This entity is usually incorporated, although it sometimes doesn't have to be. These companies then share resources in order to work on some type of beneficial project.
Reasons for business disputes and lawsuits:
- Breach of Contract
- Breach of Fiduciary Duty
- Business Fraud
- Vendor or Supplier Dispute
- Slander or Defamation
- Dissolution of Payments
Help With Your Particular Business Dispute Or Contract
Consult with an experienced and knowledgeable attorney about the specifics of your case.