The business world can be cut-throat at times, but for the most part business people in Tennessee engage in activities that, while competitive, are still lawful. However, sometimes a person will take this competition too far, and engage in interference with business relationships and contracts. Also known as "tortious interference" this takes place when one party, with the intention of causing another party financial damage, interferes with business relationships or contracts that party has with a third party.
When two businesses in Tennessee enter into a contract, they naturally expect that they will both follow through on their obligations under the contract. Unfortunately, that doesn't always happen, and contractual disputes arise. Sometimes a party fails to fulfill part or all of what they promised to per the terms of the agreement. When that happens, this is referred to as a "breach of contract," and it may form the basis of a lawsuit.
Business owners in Tennessee, whether they own and operate a fledgling small business or whether they are the head of a major corporation all have their eyes on making their businesses as profitable as possible. This involves a lot of legal transactions -- from sales and purchases, to employee contracts, to mergers and acquisitions. Any of these transactions can be very legally complex. Moreover, there are many state and federal regulations businesses must follow in Tennessee.
There are many different types of disputes a business in Tennessee could have with employees or other businesses. It may seem like the only way to resolve these disputes is through litigation. However, before resorting to filing a lawsuit, businesses may want to consider some alternatives to litigation: mediation and arbitration.
Electric cars are an environmentally-friendly mode of transportation that may one day be available to the average consumer. Tennessee residents may be familiar with the company Tesla and its chief executive officer, Elon Musk. Tesla produces electric cars, but the company is not without controversy.
People in Tennessee who have gone indoor skydiving, taken their children to trampoline parks or who have participated in recreational sports may have signed an agreement to not hold the facility liable if they are injured on the premises. Known as a "release" or "hold harmless" agreement, these documents may contain language that the participant assumes the risk that an injury might occur. However, are such agreements enforceable should there be a contractual dispute?
The company MoviePass shot up in popularity among moviegoers over the past year, but it has since seen its success come tumbling down. MoviePass is a subscription service in which patrons in Tennessee and across the nation were able to pay a monthly fee and use an app on their mobile phone to check into one movie theater per day. However, the company took a hit when it imposed a limit of three movies per subscriber each month. In addition to its financial losses, the parent company of MoviePass is also in legal hot water.
Even the best, most well-managed business in Tennessee can see business disputes arise. Sometimes, these disputes involve employees who feel they were wronged by their employer. Other times, these disputes involve an alleged claim of breach of contract or breach of fiduciary duty. Still other times, a business is accused of violating a regulation.
Business relationships in Tennessee must be based on honesty and trust in order to be successful. Sometimes two businesses can work together towards a common goal that will ultimately benefit both of them. However, these deals can sour if one business claims that the other business unlawfully misappropriated trade secrets, committed unfair competition or committed defamation.
When a small business owner in Tennessee has a legal dispute, it doesn't always mean the situation will go through an expensive, full-blown trial. Alternatives to traditional litigation exist, such as arbitration and small claims court. These alternatives may be appealing to small business owners, as they often serve as a means to resolve a legal dispute in a relatively quick and less costly manner.