Today's workforce is more diverse than ever, not just in terms of worker characteristics, but also in terms of job roles and functions. For instance, in today's economy, fewer workers are employees; more are working in independent contracting or freelancing capabilities.
Shareholders have rights, including the right to take action against officers or a board of directors if they are doing something shareholders believe is wrongful or outside the interests of the company.
Protecting and respecting intellectual property is important, especially in our current Internet-based environment. Understanding how different protections work can help avoid a dispute in the future.
"It's not personal, it's business." This is a common phrase people hear or say when business owners must make difficult decisions that will likely make some people unhappy. However, when it comes to small or medium-sized businesses, it can be all but impossible to separate the personal element from the business element.
Contracts are the backbone of business relationships. Business owners have contracts with partners, employees, vendors and sometimes customers. And these agreements are the tools that define expectations, establish rules for the relationship and protect parties from certain types of conduct.
Many businesses across New Mexico are family businesses. Even if they didn't start that way, business owners might hire family as time goes by. There are numerous benefits to working with family, like supporting each other and sharing in the success of a company.
Signing an employment contract is not unusual, particularly for executives and employees at large companies. These contracts can include a wealth of complex clauses and provisions, and it is crucial that they be two things in particular: enforceable and understood by the party signing them.
Businesses of all sizes rely on managers and supervisors to provide leadership and guidance to employees. And these parties are often the first people employees turn to when they have a concern or question.
Whether you own a business or partner with a business, you likely have in place contracts that dictate the roles and obligations of your relationship. These agreements can be critical in preventing and resolving disputes, but only when parties comply with them.
Businesses can suffer major consequences when the company leaders violate the law, make unpopular statements or otherwise compromise the business' reputation and image. One recent example of this is the situation involving the founder of Papa John's.