Trade secrets theft is a troublesome concern for many Washington businesses. These companies base their entire strategy on certain developments that have allowed them to gain a competitive advantage. Losing those developments through theft can sink their entire...
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Business Litigation
What is litigation risk in Washington?
Litigation risk is the possibility that an individual or entity will take legal action against you or your company. Corporations often calculate their litigation risk to implement prevention strategies in areas where they have a high risk. Types of litigation risk...
How to protect your assets as a business owner in Washington
Even if you operate your business in an honest way, someone might find a reason to file a lawsuit against you, in a Washington courtroom. There's also the possibility that you as the business owner are held liable for an employee's mistake and any associated damages....
Washington small businesses and the possibility of being sued
Washington is home to more than 100,000 small businesses. Running a small business isn't the same as running a corporation, but some of the risks are just as serious. For example, small businesses can get sued and face legal problems the same as a corporation. Small...
Why do some contracts include a liquidated damages clause?
When contracts are signed in Washington and one of the parties involved could incur hard-to-define or intangible losses if there was a breach, they could insist on a liquidated damages provision. The damages specified in such a provision are an estimate of anticipated...
Language and actions influence enforceability of letter of intent
A letter of intent (LOI) often outlines the relationship of two or more businesses going forward. The document could launch the process of a merger or acquisition in Washington or explain their commitment to a joint project or business deal. An LOI often forms the...
Lawsuit protection tips for your small business
California small business owners understand how costly litigation is and how damaging lawsuits can be to their companies. Avoiding lawsuits is crucial to longevity and the brand's integrity. One essential tip to prevent lawsuits is to know the laws surrounding your...
The three standards of the business judgement rule
When a lawsuit alleges that a Washington corporate director violated a duty of care to the corporation, three conditions must be met to uphold the director's decision. This legal doctrine, called the business judgment rule, helps protect members of a corporation's...
Types of business litigation
Businesses in Washington and other locations in the United States spend far more on business litigation than those in the rest of the world. Companies operating in the real estate sector pay the highest cost for these litigations. As a business grows, it spends less...
What are your options for resolving a partnership dispute?
Starting a Washington business with someone else is often rewarding. However, it’s possible for disputes to arise between you. There are several ways you can resolve a partnership dispute in addition to going to court. Partnership agreement If you already had an...