What are liquidated damages?

Owning and operating a business requires more than delivering a high-quality product or service to a demanding audience. In order to remain successful and profitable, it is important to understand various laws as well as how businesses legally operate. If you own a business in the state of Wisconsin, understanding liquidated damages are necessary for… Continue reading What are liquidated damages?

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Options for a business facing an anticipatory contract breach

One of the most aggravating and potentially costly situations for a Wisconsin business is one in which it confronts a party to a contract that indicates it has no intention of satisfying its obligations under the agreement. These are a number of essential elements to an anticipatory breach of contract that a business needs to… Continue reading Options for a business facing an anticipatory contract breach

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What happens to a business in bankruptcy?

When Wisconsin residents don’t see a way out of debt, they have the option of bankruptcy. Bankruptcy helps them eliminate certain debts through repayment under Chapter 13 or liquidation under Chapter 7. However, the debtor may wonder what may happen to their business after filing. Business under Chapter 7 Debtors commonly file Chapter 7 bankruptcy… Continue reading What happens to a business in bankruptcy?

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What are common reasons for litigation among businesses?

Data compiled by the U.S. Chamber’s Institute for Legal Reform shows that small businesses here in Wisconsin and elsewhere in the country spend as much as $100 billion annually on litigation. There are three primary reasons that companies end up getting sued. They’re sued by an employee, a customer or another company. There are some steps… Continue reading What are common reasons for litigation among businesses?

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