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Posts tagged "Business Transactions And Litigation"

What to include in an employment contract

As the owner, manager or senior executive of a California business, you will likely, at some point, need to establish guidelines that will protect your company and the worker, should the relationship not work out. One effective method of doing so involves crafting a carefully worded employment contract that covers any number of areas relating to a new hire’s employment. At the Law Firm of Lan Quoc Nguyen & Associates, we are well-versed in the various areas that most employment contracts cover, and we have helped many people in your shoes draft employment contracts that fit their needs.

What should I include in my business partnership agreement?

Every business partnership in Westminster, California is different. Because of this, there is no one-size-fits-all approach to deciding what each partnership agreement must entail. Even so, having even a standard partnership agreement in place helps to make things easier as you set up a business, operate it together and if the partnership dissolves.

What to do with a family business in a divorce

A California business that you own in partnership with your spouse represents the intersection where family law meets business law. Divorce is never easy, but when a business transaction becomes part of the proceedings, we at The Law Firm of Lan Quoc Nguyen & Associates believe that the matter can become even more complicated. 

Enforcing non-disclosure agreements

Hiring a new employee is a sure sign of a business' progression. At the same time, it also may come with a certain degree of trepidation given the amount of trust that must be placed on a new hire. It is understandable that business owners in Westminster may be hesitant to divulge their companies' important details with new people; at the same time, a new employee may not be able to perform the functions of their job correctly without such information. A confidentiality (or non-disclosure) agreement might solve this dilemma. 

What should I know as a new business owner?

If you’re a first-time business owner in California, chances are you need all the help you can get. While the details are bound to vary from business to business, there are certain steps you can take to increase your chance of success, no matter what good or service you’re offering to the public. Forbes offers the following tips so that new business owners can make the biggest impact and encounter the fewest snags.

When can partners end a contract?

A contractual agreement establishes a professional bond between you and a business partner in Westminster. If your partner breaks that bond, you may recover damages for breach of contract depends on the reason your partner cites for ending your agreement. This prompts the question of what are some to the reasons why a party walks away from a contract. 

Organizing cash transactions

There is no doubt that Orange County, California, is one of the centers of the overseas Vietnamese community in the USA. Doing business here gives our clients access to a healthy local market and offers undeniable access to international business opportunities. However, this unique cultural mix also presents our clients at Lan Quoc Nguyen & Associates with certain challenges.

What is unfair competition?

You have established a successful small business in Westminster and built up a strong customer base. Yet recently you notice that you have been losing business to a new rival company that just opened up a few months ago. You start hearing that it offers services very similar to yours, and then you drive past one day and are shocked to see that its logo and name are nearly identical to yours! Can it do this? 

What is intellectual property?

Most people in California’s Little Saigon area know what it feels like when somebody takes credit for their idea or work. Whether it is a childhood incident done to gain favor or an adult incident done to gain money, it hurts. And it makes you angry. Whether you are an artist, techie or entrepreneur, your work, or intellectual property, is your own. Unless, of course, you work for someone else. If that is the case, the company is the one who owns the IP. But the hurt and anger are still the same, and it is still wrong to use another’s ideas or work.

Faulty records cost a fortune

Faulty records have been the downfall for many a business owner. Fallout from recordkeeping mistakes is no respecter of business size either. Large corporations, small establishments, mid-size companies - all California organizations and their leadership must prioritize stringent documenting of business transactions. 

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