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.
It is almost inevitable if one owns a Tennessee business that sooner or later business disputes will arise. These may be employer-employee disputes, contract disputes or disputes with state and federal regulatory agencies. In general, when business disputes arise, both parties want to reach a satisfactory resolution. To this end, business mediation may be an option that some business owners in Jackson find useful.
People in Jackson may remember the May 2010 flooding in the state that followed two days of torrential downpours. The rainfall was record-breaking, causing flash floods across middle Tennessee. The property damage caused by these floods was extensive. And, as one recent case shows, business litigation regarding insurance claims related to the flooding is still ongoing.
Lawsuits involving major corporations routinely make the nightly news and receive a lot of attention. This is because there is often a great deal of money involved in these lawsuits, and when a company is a household name its reputation is on the line. However, even small businesses can be the subject of business litigation. Small business owners in Jackson should be aware of the fact that a lawsuit could cause their business to suffer financial damages that could ultimately lead to it shutting its doors and ceasing operations for good. There are certain types of issues that could lead to business litigation that small business owners should know about.
Some business owners in Tennessee might be under the impression that if they have a business dispute, their only option is to litigate the matter before a judge in a trial. However, the litigation process can be costly, both in time and finances, that the business could be using to better itself. Litigation can also have a negative effect on worker morale and could tarnish the business' reputation. What business owners may not know is that not every dispute needs to be litigated. Alternative dispute resolution processes, such as arbitration, may be a possibility.