Navigating Business Partnerships: Legal Insights for a Smooth Collaboration
Venturing into a business partnership may open the door to opportunity, but it also opens the door for potential legal disputes. Without appropriate planning and legal safeguards, partnerships can find themselves entwined in difficulties that jeopardize the organization’s stability and success. The Frazer Firm is well-versed in guiding businesses through the legal maze of…
Contract Secrets Revealed: Key Elements to Scrutinize Before Signing
Contracts can make or break your business endeavors. As any experienced entrepreneur knows, signing agreements without proper scrutiny can lead to unforeseen consequences that have lasting effects on your organization’s success. That’s where contract review comes in; it is a powerful tool to mitigate risks and ensure favorable outcomes for everyone involved. Here, The…
An Update on the Enforceability of Non-Competes in Florida and the US
In recent years, there has been a concerted nationwide push to reevaluate the enforceability of non-compete agreements in the US. Just this year, the Federal Trade Commission proposed a ban on non-competes, and the National Labor Relations Board’s General Counsel published a memo arguing that they violate the National Labor Relations Act. The push…
Understanding the IRS Moratorium on ERC Claims
The IRS has announced it will stop processing new Employee Retention Credit (or ERC) claims. But why has it ordered this moratorium? And how will it impact existing claims? The knowledgeable attorneys at The Frazer Firm are here to provide you with all the information you need to know! What is the ERC…
Limitation Clauses: A Business Owner’s Guide
Even the most carefully managed businesses face legal risks that could potentially lead to significant financial losses. As an astute entrepreneur, finding ways to minimize liability should be at the top of your priority list. One powerful tool in achieving this goal is through the use of limitation of liability clauses. Here, we discuss…
Shield Your Company: The Hidden Value of a Business Lawyer
In the fast-paced world of business, entrepreneurs often find themselves wearing multiple hats to cut costs and maximize profits. As a result, legal matters may be pushed to the wayside, with hopes of saving money by attempting to also represent themselves as business lawyers. However, there are times that waiting to hire an experienced…
How to Avoid a Commercial Loan Default & Foreclosure Litigation
When running a business, taking out a commercial real estate loan can be a necessary step to achieve financial stability and growth. However, there may come a time when repaying the loan on time becomes challenging and the possibility of defaulting arises. In such cases, foreclosure litigation is likely to follow, which can be…
Avoiding a Breach: Understanding Fiduciary Duties and Responsibilities
As a business owner or executive, it is critical to understand your fiduciary responsibilities. A fiduciary duty is the legal obligation to act in the best interest of another party, and it applies to a wide range of business relationships arising from ownership of business as a shareholder, member, or partner, and as an employer,…
Attorney-Client Privilege in a Business Organization – Who Does It Apply To?
When an individual is pursuing a personal injury claim against a negligent business or defending themselves against a criminal charge, attorney-client privilege ensures their communication with their legal representative remains private and confidential. In these simple individual settings, the rules and regulations surrounding attorney-client privilege are fairly straightforward. In general, no outside parties are…
Differences Between Corporate Representative Deposition and Individual Witness Deposition
During the course of a legal case involving Florida businesses, it is common for one or more of the parties to depose employees, executives, and other individuals who might have knowledge that is relevant to the dispute. These deponents generally fall into one of two categories: Corporate representatives, or Individual witnesses A corporate…
Are Non-Compete Agreements Enforceable in Florida?
In the State of Florida, non-compete clauses in agreements are fraught with legal issues. Add to that, many states have already or are considering provisions to limit (or even ban) the use of non-compete agreements. This is a trend that is likely to continue. Particularly when taking the latest Federal Trade Commission (FTC) rule, if…
What Is a Florida Multi-Member LLC Operating Agreement?
A Florida multi-member LLC operating agreement is an important legal document that outlines the rules and regulations of a Limited Liability Company (LLC). This document serves to define the rights, responsibilities, and obligations of all members involved in the LLC, as well as set out how decisions are made and how profits or losses should…
