Disputes over a Business Plan

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Most Common Business Law Issues:

What Is a Business Plan?

A business plan forms the backbone for any successful start-up business enterprise. A good business plan should cover:

Business plans can cover many other topics and issues- the more thorough the plan, the better.

What Are Some Common Disputes over a Business Plan?

Business plans are necessary to help get a business up and running. However, they can often be a source of disputes, since many parties may be involved in the planning practice. Some common disputes over business plans may involve:

How Can Disputes over the Business Plan Be Resolved?

It is normal to experience a certain degree of disputing over the terms of a business plan. In fact, that’s one of the main purposes of having a business plan- to “air out” any differences beforehand, so that they don’t become a problem later on in the long run.

On the other hand, if a business plan dispute becomes prolonged, or starts to delay the business operations, it may be necessary to seek legal assistance. It may be necessary to hire a lawyer to help mediate the conflict. In some cases, a legal claim needs to be filed in court, especially where the dispute is actually causing business losses for other persons involved. 

In such cases, the conflict may be subject to court intervention, such as prescribed mediation. Or, the court can order a damages award if losses have already been experienced.

Should I Hire a Lawyer for Help during Business Planning?

It’s standard practice to hire a business lawyer for help during business planning. Doing so can not only ensure that your business plan will be effective, but it can also help avoid disputes over the business plan. An experienced lawyer in your area will be able to help you arrive at a suitable business plan that conforms to the laws in your region. 

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Last Modified: 07-01-2014 04:01 PM PDT

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