Construction projects can be handled by both owners and private contractors. They are also called construction developers. Developers have certain responsibilities that must be fulfilled to ensure the project is successful. Failure to follow the correct protocol might lead to complications and delays in the project.
Trade practices that economically harm other businesses or consumers are called unfair competition. Unfair competition laws were designed by the government to reduce the number of unfair business practices. These practices can be of different types and forms. Some examples of unfair trade practices are insider trading, trademark infringement and false advertising.
Property managers are people who are charged with taking care of real estate property. Property managers can also be firms who deal with real estate matters for a specific fee. Usually, owners who cannot deal with their own property hire property managers to do their dealings for them. Evicting tenants is one of the duties of property managers. There are several rules that must be followed when formally evicting tenants.
Defects in construction might lead to catastrophic consequences. This could result in hefty litigation for those involved in the construction process. Problems with designing, planning, construction or supervision can be classified as defects in cases where the structure is not built according to the required standard. All the work should be done in a professional manner to make sure the outcome is reasonable. There are four basic types of construction defects: design deficiencies, material deficiencies, construction deficiencies and subsurface deficiencies.
If you want to use the trademark of another company for your own business, you must start a franchise relationship. A franchise relationship is a legal and commercial connection that allows the owner of a trademark to give you rights to use their name and advertising symbol for your business.
Marketing products has become essential in today's business world. Companies spend millions of dollars on advertising strategies. Some advertisements exaggerate the product being sold without being deceptive. Crossing the line of deception makes the practice illegal and punishable by law. False advertisements mislead consumers and lure them into buying products.
Product liability law protects consumers from dangerous products, and allows them to pursue legal actions against manufacturers. All products must meet consumer expectations. If a product fails to meet reasonable expectations and that leads to physical injury, the consumer may sue the company for damages. Several product liability disputes are settled out of court, as companies do not want to damage their reputation.
Contracts are made because the outcome is beneficial for both parties involved. But in the business world, several problems may arise that complicate contracts and lead to disputes. A business contract is an agreement that creates certain rules and obligations to be followed by both parties. Failure to follow these obligations is called a breach of contract. A contract breach may occur in several different ways, depending on the terms.
When you purchase real estate, you are making an investment that lasts decades. Therefore, you should always investigate the seller to ensure that you are working with someone on whom you can rely, which is called due diligence. Due diligence refers to commonsense actions that a person takes to ensure that a particular contract is worthwhile.