When drafting a contract, it's important to make sure it's going to stand if it winds up in court. Below are four reasons it may not be upheld that you want to watch out for.
No matter who you work for, most employers ask their employees to sign a noncompete clause in this day and age. Doctors aren't, unfortunately, immune to this. Hospitals have taken to utilizing noncompete clauses as a way to ensure that the doctors they hire don't walk away and take their patients with them or work in a neighboring area for a certain period of time.
You have been waiting for your new apartment to be completed for months. The time it has taken to be finalized has stretched out longer and longer. You were patient at first, but now you're tired of waiting. The contractor is in an indirect breach of contract.
Traditionally speaking, non-compete agreements (NCA) have been used by different employers as a way to keep employees who are privy to trade secrets and other strategic operational insight from being easily taken and used against their employer. As a result, any number of industries from sales to software development have taken to protecting their intellectual property by requiring their employees to sign these type agreements.
A valid contract does not just include the signatures of two or more parties. There are a lot more elements that go into a valid contract. If any element of a contract is missing, or violated, the contract can be deemed invalid. Breach of contract could also come into play if any of the elements discussed in this post are not present in a contract.
Last year, a Broward county judge awarded a mother and daughter $5,298.75 in a default judgment against singer Justin Bieber. The lawsuit alleged that the pop star refused to appear for a meet-and-greet session, which came with the two concert tickets the woman purchased.
A handshake should be enough for someone to hold up their end of the bargain, right? Unfortunately, it's 2017, and not everyone is as scrupulous as we'd like them to be. When push comes to shove in a business deal, agreeing parties may try to break your contract and take advantage of the situation. Or, they might break the contract due to financial issues or circumstances out of their control.
Tampa General Hospital has reached a settlement in a breach of contract lawsuit in which it was alleged that at least one if not several of its employees were responsible for unauthorized access of patient records. In settling the case, the hospital will not only contribute $10,000 to a settlement fund, but will also cover the costs of one year's worth of credit monitoring among the group's members as well.
We live in an era in which entrepreneurial insight and technology are ever-evolving. As a result, companies rush to be the first to introduce their products to the market and more employees are coming into trade secrets than ever before. Because of this, more and more employers are asking their employees to sign non-competition agreements before they are hired to start working for them.
Real estate and commercial property contracts involve both private and public interests. This post will discuss the differences in the bidding process between a public and private contract. If you are a contractor that operates primarily with private companies and you are considering a bid for a government contract, you will want to modify your approach to ensure that you comply with all the prescribed rules. Conversely, if you are accustomed to working with government entities, you will want to relax your bid process because you are likely providing more information that necessary spending more money on the bid than your competitors.