IS A PARTY TO A BUSINESS AGREEMENT LIABLE IF HE MAKES A FALSE PROMISE THAT IS NOT IN WRITING
November 23, 2012 – Business Law Promissory Fraud A promise made without any intention of performing it. If the false intention can be proved there is liability for the false promise even if not in writing. Example: As part of a business agreement one party promises the other to attend and manage company corporate meetings…
WHEN DOES A PARTY TO A BUSINESS AGREEMENT HAVE A DUTY TO DISCLOSE FACTS TO THE OTHER PARTY
November 23, 2012 – Business Law Breach of Fiduciary Duty Any relationship existing between parties to an transaction wherein one of the parties is in duty bound to act with the utmost good faith for the benefit of the other party. One such relationship is that of agency “Every agent owes his principal the duty…
NON COMPETITION AGREEMENT
November 23, 2012 – Business Law CAN A BUSINESS OWNER ENFORCE A REASONABLE NON COMPETITION AGREEMENT WITH A FORMER EMPLOYEE? An agreement by a former employee not to compete when he leaves the business’s employment is enforceable only in 3 situations. If the agreement is in connection with the sale of the business, or the…