It is almost inevitable these days that disputes will rise between businesses in Tennessee, leading to potential business litigation. For example, contracts could be breached, there could be antitrust violations, there could be interference with business relationships and contracts, there could be violations of a business's trade secrets or copyrights and more. It can be very time-consuming and costly for a business to try to handle these types of disputes alone. Fortunately, dedicated business law attorneys are available to help with business legal needs, so the business can focus on its day-to-day operations.
Contracts form the backbone of most business dealings in Jackson. Both sides to a contract intend to benefit from it in some way. For example, they may gain a good or service in exchange for money. Therefore, if a contract is "breached" and one party does not uphold their side of the bargain, it can lead to contractual disputes.
Businesses in Tennessee will take all the necessary measures to protect their client base and proprietary information. For this reason, they may ask employees to sign a non-compete agreement or another contract that serves to prevent employees or past employees from interfering with the current and future operations of the business. However, what happens when an employer believes that a former employee has breached these contracts?
As stores in Tennessee compete against each other to offer the best deals this holiday season, to issues such as regulatory investigations, unfair competition, breached contracts, copyright issues and shareholder disputes, the business climate these days is more complicated than ever. Moreover, there are a bevy of regulatory and compliance rules that seem to get bigger and bigger every day. Businesses could end up spending a lot of their hard-earned money and precious time trying to deal with these issues themselves.
The competition in today's business world can be fierce. Many business owners in Tennessee work hard to have an advantage over their competitors. One advantage they may have is if they have developed trade secrets. A trade secret is a type of intellectual property that is made up of information that is used in business in order to give the business the upper-hand financially over their competition that does not know or use the trade secret. Some types of trade secrets are methods, formulas, programs and more.
When a person in Tennessee owns a business, it is inevitable that they will have interactions with competing business owners. While sometimes these interactions can be positive, there are laws that prohibit businesses from colluding to suppress free trade or impede competition when it comes to pricing. These are antitrust violations, and they are unlawful.
Business dealings take place every day across Tennessee, and are often much more complex than a mere smile and handshake. Detailed contracts are drafted that aim to account for every contingency and ensure each side is getting what they want out of the bargain. Unfortunately, we do not live in a perfect society, and contractual disputes still occur, even with the most well-drawn documents.
Business owners in Tennessee know that part of doing business is dealing with the inevitable ups and downs in the business world. Sometimes business is good. Demand for their goods or services is up, you're getting new clients or customers and the employees are happy. Other times, suppliers, manufacturers or builders fail to hold up their end of a contract or there is an issue with an employee that is not getting resolved. When this happens, it may lead to business litigation.
It may seem hard to believe, but we are now less than two months away from the start of college football. Indeed, most people here in Tennessee have already circled September 4 on their calendars, as it marks the first game of the 2017 season for the Volunteers, who will take on Georgia Tech in newly opened Mercedes-Benz Stadium.
Over the last several months, our blog has dedicated considerable time to breaking down the economic tort of tortious interference in a bid to help business owners better understand their options when they suspect -- or are accused of causing -- interference with existing relationships or contracts.