A breach of fiduciary duty can result in significant legal consequences. Those accused of this breach have several defenses they may use to contest the claims. Understanding these defenses can help clarify how the courts in Nevada address these cases. Due diligence...
Drafting bylaws for a new corporation in Nevada is an important step. Bylaws set the rules and guidelines for how the corporation will operate. Following best practices ensures your corporation runs smoothly and complies with state laws. Define the purpose Clearly...
Many businesses in Nevada have employees who work from home. The work can occur part of the time or all of the time. Either way, contracts should have certain areas to establish expectations and protect both parties. Confidentiality and data security Protecting...
Limited liability companies have become a popular choice for business entities due to their ability to shield business owners from personal liability risks. There are several other effective business structure options, yet many choose the LLC formation for their...
The creative ideas you use to make your business successful hold a high value. One common option is to secure a patent for inventions. According to the U.S. Patent and Trademark Office, they processed 646,244 patent applications in 2020. But there are other options...
Forming a new business means taking risks. When that new business is a partnership, those risks may seem greater because your friendship or relationship becomes a factor. Creating a comprehensive partnership agreement helps define roles, responsibilities and...
Current societal and legal perceptions alter the enforceability of non-compete agreements, which poses new challenges for business owners trying to protect their interests. A non-compete agreement protects your place in the industry amongst your competitors by...
There is a unique relationship between landlords and commercial tenants operating a business on rented property. It is in a business owner's best interests to remain on good terms with their commercial landlord, as failure to do so can result in a dispute that may...
When you sign a lease on a commercial building, you may encounter use and exclusive clauses that establish additional rules. These clauses often limit the activities you and the other tenants on the property can do. As a business owner, you should take care when...
When you rent a property for the purpose of conducting business, you will sign a commercial lease with the landlord. Before you put your signature into writing, though, there are certain items in the contract that you should double-check. Serious real estate disputes...
