Entering into a business agreement with another party can be an exciting venture. However, while at first the possibilities may seem endless, if any disagreements arise, the fallout can be disastrous. For individuals in Florida and elsewhere who are considering a similar arrangement, understanding the areas in which partnership disputes may arise, and how to handle them could prove beneficial to the future.
When two companies in Florida or elsewhere enter a business agreement, both sides generally expect the other to hold up their end of the contract. Should one side breach the agreement, the other may wish to pursue restitution. A Port in another state has recently filed a lawsuit against a contractor, accusing it of breach of contract, and is seeking over $4 million in damages.
Companies in Florida and elsewhere may be highly protective of business secrets, especially with a substantial level of competition in many fields of employment. Should an employee leave to work for a competitor, the previous employer could have concerns about the transference of information. Trade secret disputes can be complex matters that are hotly contested, some of which result in lawsuits against former employees.
Many companies place a great deal of importance in fairness and equality when hiring new employees. Unfairly and unjustly denying employment to an individual due to a disability is against the law, but unfortunately, those who use an external staffing service may have little say in the process. A staffing service in Florida has recently reached a settlement following a lawsuit alleging disability discrimination.
In business, it is sometimes important to keep certain information private. Companies have trade secrets, and they go to every extent possible to ensure that the proprietary information that differentiates their company remains safe and secure. You may not own and operate a huge, multi-million dollar company, but you still may have the need to protect certain information.