Construction projects are lengthy, costly business ventures, and any dispute or delay can have a significant impact on your finances. If you are facing a conflict regarding a current or future Nevada construction project, it is important to reach out for legal help as soon as possible. In order to protect your financial interests, you need a lawyer closely familiar with the nuances of construction law.
The first responsibility of an Arizona business is to the success of the company. A large part of any company's success is often its employees. Therefore, resolving contract disputes with them is an important function of the business owners and/or management. However, any decisions that are made need to ensure that the business remains viable and can continue to grow and be profitable.
As many Arizona company owners are aware, the classification of employees or independent contractors can be the impetus for lawsuits from individuals. In fact, that issue was one of many that were alleged in two class action suits against Uber filed by approximately 385,000 of the company's drivers. Recently, Uber reached a settlement that dealt with at least some of the contract disputes involved in the lawsuits, but did not address the classification issue.
Up until Oct. 2014, Arizona State University had a contract with IMG College to handle the university's media rights. It was then that ASU cited contract disputes with IMG and claimed that it was owed damages over $5 million. IMG responded by filing a lawsuit against the Arizona Board of Regents, and ASU later on that same year, alleging that an amicable resolution to their differences could not be reached.
A picture might be worth a 1,000 words, but even one word can change the entire meaning of a document. This is especially true in contracts. Many contract disputes come down to the words and phrases in the contracts signed by Arizona companies with other parties.
Many companies here in Arizona and throughout the country enter into contracts with celebrities, television shows and movie production companies, among others, to help market their products. Those contracts can mean increased sales and substantial revenue for all involved. Considering the fact that several thousand -- or even millions -- of dollars are at stake, contract disputes can easily lead to litigation.
It is standard procedure for many Arizona companies to enter into contracts with other companies that can provide them with services or goods needed in their day-to-day operations. Vendors are most often compensated in accordance with the agreements and, sometimes, in advance. When contract disputes arise, most companies attempt to resolve the issues informally, but when that is not possible, the injured parties may take the problems to court.
Most Arizona companies want to be fair with their employees, but the bottom line is that the goal of most businesses is to make a profit. Personnel is often the most costly expense they have. For this reason, when employee contract disputes arise, they can wreak havoc on companies. Without sufficient progress in negotiations, day-to-day operations could be jeopardized.
Some people here in Arizona may think contracts are only entered into between business parties. However, it is not uncommon for public workers to enter into contracts with their employers, especially for pension funds. Sadly, when there is a contract, there is the possibly that a breach of contract occurs and leads to contract disputes. It appears that this is what has happened in a state in the Northeast.
If you are creating a small business with a partner, or in the midst of running one with someone, you may not have considered the importance of a comprehensive operating agreement. After all, you and your partner(s) likely do well by just following your instincts and what you already know about the industry and the marketplace.