A breach of contract occurs when one party does not fulfill their obligations under a contract's terms. This breach can vary in severity from minor to material, and understanding the nuances is important for businesses. What is a breach of contract? A breach of...
Salt Lake City Business Law Blog
3 essential elements for your non-compete agreement
Non-compete agreements are a valuable tool for protecting a company’s interests when an employee leaves. However, it is important that you write the agreement carefully written to hold up in court if challenged. There are 3 key elements to include when drafting a...
Which business structure is right for my start-up?
The rate of startups in 2021 increased by almost 10%. This translates to over 476,000 new startups and indicates a strong market as well as one that will likely continue to grow in coming years. Is it all good news for start-ups? It is important to point out that...
The information-sharing agreement between the CFPB and NLRB
Thanks to a recent agreement between the Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB), more American workers will have better protection in a gig economy. Key areas concerning modern-day employees include employer-driven...
How can building contractors address construction defect claims?
If you are a building contractor or developer, a construction defect claim could harm your professional reputation and ability to earn income. Furthermore, going to court can be expensive and time-consuming. Fortunately, there are ways to defend yourself when facing a...
Creating an enforceable non-compete agreement
Non-compete agreements are standard for many businesses and industries to protect trade secrets and intellectual property. In Ohio, a non-compete agreement is only enforceable if it meets the state’s requirements. Ohio law states that the applicable term cannot exceed...
Should I file for an LLC?
Forming a limited liability company is a crucial step for many small businesses. Rather than continue as a sole proprietorship, an LLC helps you avoid liability and pay taxes as a company rather than an individual. Utah residents may file for an LLC with the Utah...
What is a mechanics lien?
When two parties enter into a work agreement, everyone expects a good outcome. Unfortunately, this does not always happen for many different reasons. If a contractor or a supplier does not get paid for work they did on a Utah construction project, they can file a...
3 common issues landlords have with commercial tenants
A number of unique and complex situations can arise when a landlord leases out a space to a commercial tenant. The relationship a landlord has with a business owner on their property is very different than that of a typical residential tenant. Landlords can resolve...
How would a lawsuit affect the well-being of your new business?
Setting up and operating a new business takes all the time, energy and devotion you can muster. Hard work brings gratifying achievements, but what happens if a lawsuit arises? How do you protect yourself and your new company? Personal liability It is important to...