Business Law Articles

A fiduciary is a professional person who owes a legal and ethical responsibility to another person. Examples of people with fiduciary duties are lawyers, financial advisors, corporate officers, corporate directors, etc. A breach of fiduciary duty occurs when the professional person fails to do what was legally and ethically required of them.

Prejudgment interest is the amount of interest the law provides to a plaintiff to compensate for the loss of the ability to use the funds. In California, prejudgment interest is also recoverable on tort damages and contract damages.

A contract signed under duress means someone forced you to sign a contract against your will. A contract is invalid if someone forces you to sign it.

A demand letter for breach of contract is gives the breaching party notice of their failure to perform the terms of the contract. This article provides demand letter example for breach of contract.

Apparent authority is the power of an agent to act on behalf of a principal, even though not expressly or impliedly granted. Apparent authority arises when a reasonable third party understands that an agent has authority to act.

The payroll tax audit ensures workers are properly classifed, payments made to employees are properly reported, and protects workers’ rights to receive benefits. If you fail an EDD or California Labor Commissioner audit, your company could be liable to face penalties and interest on the owed taxes.

Employee relations refers to the relationship between or among an employer and its employees. Employee relationship management refers to managing the relation between the various employees in an organization.

Recessions are inevitable, as our economy is constantly in flux. Some businesses, however, can survive during economic recessions. Surprisingly, some businesses even thrive when a recession hits, providing more financial stability for the business owner and much less anxiety and stress.