Nashville Business Law Blog

Will your company's contracts stand up to court scrutiny?

It would be difficult for a Nashville company to be successful without entering into any agreements with others. Those contracts are supposed to protect the business in case the other party fails to live up to its end of the bargain. The problem is that if not properly drafted and executed, they may not live up to the scrutiny of the court when you need them to.

The best time to gain protection from a contract is during negotiations. You can work to make sure that the contract addresses your interests and rights. If a dispute arises between you and the other party, the first place the court will look is to your contract, and if it doesn't measure up, you may have no legal recourse.

Tennessee helps businesses comply with environmental law

Nearly every state has green initiatives designed to keep the air and water clean while protecting their residents. Tennessee is no exception. The state's Green Star Partnership helps businesses who want to do more than just comply with environmental law.

The Tennessee Department of Environment and Conservation facilitates this program. Manufacturers who contribute to and commit to the sustainability of their operations receive recognition from the partnership. In return for those efforts, the Office of Policy and Sustainable Practices promotes these companies through social media, webinars, internet blogs and other sources. Companies can put the partnership's logo on their websites, engage in networking and receive educational opportunities.

Certain business law procedures are required to close a business

When a Nashville small business wants to close its doors, odds are the owner will not be able to simply walk away. Business law requires certain procedures in order to legally close and dissolve a business. These steps protect everyone involved, including the business owner.

Limited liability companies, corporations and partnerships operating with a written agreement should first look to their organizational documents for dissolving the business. In the absence of those documents, you may need to look to Tennessee law for the dissolution process. Articles of Dissolution may also need to be filed with the state. Sole proprietorships will not have these requirements, but may need to take other steps.

Be careful of divulging intellectual property in negotiations

Tennessee residents would be hard pressed to find someone even slightly familiar with the internet who does not know about Google. To say that what began as a humble search engine grew into one of the largest names in the tech industry would be an understatement. However, that does not give the company the right to infringe on another business's intellectual property rights for its own gain. 

A company called Impact Engine, Inc. is saying that Google did just that when it invited the company to sit down and negotiate an agreement for the use of some of the technology company's products. Impact says that the search engine giant invited it to sit down and discuss the use of its intellectual property. Google required a demonstration of the technology in question, and Impact obliged.

Consider these details when choosing a business partner

If you decide that a partnership is the most appropriate business formation, it's likely that you already have a partner in mind. However, before you form your business and get started, there are several important details to consider.

The work that you put in up front will help protect you against making a bad decision that will impact you and your business down the road.

Environmental law concerns for trucking companies

One of the most efficient ways to move goods across Tennessee, and the country, is by truck. This includes all kinds of goods, including those considered hazardous materials. Moving these products must comply with a variety of regulations, including some related to environmental law. The reason for this is to help ensure that hazardous materials such as gasoline do not end up polluting the air, ground or groundwater.

Regardless of how many precautions a trucking company takes, accidents will happen. In some instances, the contents of the trailer spill onto the ground. For instance, a recent accident in another states involving a truck transporting gasoline wrecked. When it rolled over, thousands of gallons of fuel ended up leaking from its container.

NEW LAWS FOR PRIMARY RESIDENTIAL PARENT DESIGNATION

The law is always changing and evolving to meet the needs of society, and there is one recent change in Tennessee Family Law could have a great impact over custody battles. Until July, 01st, 2019, it was required that one parent must be designated as the Primary Residential Parent. The other parent then was stuck as the Alternate Residential Parent. This was the case even in situations where both parents exercised equal parenting time. As you can imagine, this created lots of fights between parents, often rooted by pride or stigma.

Business law provides for equitable relief for breach of contract

It should not be unusual to rely on the parties to a contract to do what they say they will do. Unfortunately, many Nashville business owners run up against issues with other parties who fail to adhere to the obligations they agreed to in the contracts between them. In those cases, injured parties can rely on business law to seek restitution for their losses, but not all relief is monetary. Equitable relief is also available in a breach of contract dispute.

In certain instances, the injured party needs more than money to resolve the problem. Instead, a company may need the other party to fulfill the obligations under the contract. This is where equitable relief comes into play. The court can order the other party to deliver on the promises made in the contract.

Purchasing real estate as a business investment

Nashville businesses may decide to increase their revenues through investments. One type of investment that could be lucrative involves the purchase of real estate. Those new to this potential income stream may need more information about what it means before making the decision to add one or more pieces of property to their investment portfolios.

An investment property is not used as a business's primary location. Instead, it could be rented, provide dividends or some other form of passive income for the company. Choosing the right property could make the difference in whether it achieves the company's income goals. One of the first issues to look at is the zoning for a desired piece of property.

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