Anyone who has ever made a major purchase on credit, signed onto a mortgage or dealt with a service company knows what “breach of contract” is all about. If either party fails to live up to the terms and provisions of the contract (either in letter or spirit), the other party may seek restitution through the courts. Compensation may include more than just the dollar value of the financial losses, but may incorporate damages for future financial losses, legal fees,…

After working as an employee in Colorado for years, you have finally summoned the courage to band together with a few colleagues to form your own business. As you prepare to leave the office on your last day, your now-former boss asks you what your plans are. After you inform him or her of your intentions, he or she politely, yet in a matter-of-fact manner, reminds you that you signed a non-compete agreement when you were initially hired. Does this…

You want to ensure that your employees have what they need to do their job well, and you want them to be loyal to your Colorado business. You definitely don’t want disgruntled employees who will file frivolous lawsuits, wasting your time and money and putting your company’s good reputation at risk. Although you cannot keep everyone happy all the time, you can make it difficult for an employee to take you to court over an issue that you could have…

If you are a small business owner, you are not a stranger to taking risks. As a business owner, it’s imperative to take the appropriate steps to minimize the chance of something going wrong, such as avoiding costly, unexpected lawsuits Here are six things you can do to limit the possibility of lawsuit. 1. Consider getting insurance There is a wide variety of insurance options available to small business owners. Specifically regarding lawsuits, consider the Employment Practices Liability (EPL) Insurance. With a small…

If you are like many small business owners, you may be more anxious lately about the risk of sexual harassment allegations in the workplace. The explosion of news stories detailing sexual harassment in various industries across the country may have made you worried about behavior and morale among your staff.  The close-knit atmosphere of a small business can make allegations of sexual harassment more devastating. If your employees work closely together and interact with each other regularly throughout the work…