27Feb 2023 by Pat Geddie
Steps to Form a Business Entity

Steps to Form a Business Entity

business law FAQ
When you start a business, there are a number of steps that you must take to form the necessary legal architecture. It is always better to seek the help of an experienced business law attorney to ensure that they are done correctly. First, you would need to select a name for your business. Preferably, it should be your own distinct name because you could potentially encroach on someone else’s intellectual property rights. You would need to make a DBA filing to ensure that someone else does not operate under your name. One of the most important things is selecting the actual business entity. The business form that you choose should match your own needs. For example, you may want to protect yourself from liability and give yourself enough flexibility to…
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30Jun 2022 by Pat Geddie
What is a Bad Faith Insurance Claim?

What is a Bad Faith Insurance Claim?

business law FAQ
Even if you are not their customer, an insurance company has certain obligations to you under state law. Although every insurance company has their toolbox of tricks that they regularly use to make your life more difficult, there is such a thing as crossing the line. If they do, you can file a bad faith claim directly against the insurance company. While you may expect insurance companies to make lowball settlement offers and try to save themselves some money, you would still expect them to make good on their obligation to pay claims when a policyholder causes damages. A bad faith claim refers to situations where an insurance company tries to avoid its legal obligations by reneging on its obligation to pay. Insurance companies can engage in bad faith by:…
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15Jul 2021 by Pat Geddie
Resolving a Vendor Dispute

Resolving a Vendor Dispute

business law FAQ
Many businesses rely on vendors to succeed. Vendors might deliver produce to a restaurant, building materials to a construction site, or provide maintenance and cleaning services to a commercial building. No matter what type of vendors you work with, it can cause serious disruptions and possible losses if your vendor fails to fulfill their obligations as agreed. Vendors might deliver late, deliver the wrong items, only partially fulfill an order, or otherwise not provide your company with the goods and services it needs. This, in turn, can prevent you from fulfilling your promises to clients and customers, which can be costly - both financially and to your reputation. It is important to resolve vendor disputes right away and ensure you minimize your losses. Our Boca Raton contract dispute attorneys can…
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04Jan 2021 by Pat Geddie
Were You the Victim of Insurance Bad Faith?

Were You the Victim of Insurance Bad Faith?

business law FAQ
Many Florida residents are all-too-familiar with insurance claims, whether they are for property damage from hurricanes, personal injury protection (PIP) claims after a car crash, or others. The insurance process can be a hassle, but claimants can often ultimately receive their settlement payments with the right legal help. Sometimes, however, insurance companies refuse to pay out on valid claims or cause completely unnecessary delays or complications for claimants. This can constitute insurance bad faith, which is unlawful in Florida. If you believe you might be the victim of insurance bad faith, you should speak with an insurance disputes lawyer in Boca Raton as soon as possible. Claims for Bad Faith There are different situations that can lead to bad faith claims, including: The insurance company failed to sufficiently investigate your…
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13Nov 2020 by Pat Geddie
Is Arbitration Right for Your Case?

Is Arbitration Right for Your Case?

business law FAQ
When disputes arise between parties to a contract, business partners, or other parties, there are different ways to resolve them. Sometimes, informal negotiations or communications between attorneys is enough to reach an agreement with arbitration. In other situations, the matter might escalate to litigation, which can be costly for everyone involved. Resolving disputes as efficiently as possible should be a priority, and this is why alternative dispute resolution (ADR) is a commonly-used option. One form of ADR that is common in business disputes is called arbitration. What is Arbitration? Arbitration is often compared to trial in court, though it is a less formal and drawn-out process. Both sides (through their attorneys) present their arguments before one or three arbitrators, and they make the decision on how to resolve the issue.…
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