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What’s Your Exit Strategy? The Importance of Business Succession Planning

“Failing to plan is planning to fail.†Are you a small business owner or planning to start a business? If so, keep reading. If not, still keep reading. When’s the last time you reviewed your business succession plan? Better yet, do you have a one? Or right now are you asking, what is a business succession plan? Well let’s answer that question. What is a Business Succession Plan? A business succession plan is the procedure

Types of Breach of Contract Damages

Compensatory – Compensation for the monetary loss sustained by the non-breaching party as a result of the breach. Consequential – Damages caused indirectly due to the contract being breached. In other words, financial losses incurred by the non-breaching party as a consequence/result of the breach. Injunctive Relief – A form of relief where, the breaching party is restrained from doing something, or ordered to do something. Generally, available in situations where there is a risk