Ray Law Firm, PLLC
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January 2019 Archives

Business litigation can be reduced by good contract drafting

When a business is starting out in Tennessee or in another state the time will come when one must enter into business contracts with vendors, customers, clients or others. Some new business owners try to stay away from anything as formal as a written agreement because they think that this will plant the seeds for future trouble and conflict. Just the opposite is true, and in fact, the incidence of business litigation is reduced by implementing contracts for clarity and mutuality of intention.

Successful franchising also carries business litigation pitfalls

Entrepreneurs in Tennessee and elsewhere may have the good fortune to enter an industry that is popular with the public and growing rapidly. Their company, however, may be unable to keep up with the pace of growth in the industry. It may, for example, fail to meet the fast demand for products by the consuming public. One popular and sometimes wildly successful remedy is to franchise the business model on a regional or national level.  This is a popular way for some entrepreneurs to rise to the top quickly, but the risks of business litigation along the way must be guarded against.

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Ray Law Firm, PLLC

6150 Shallowford Rd
Suite 105
Chattanooga, TN 37421

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