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business and corporate law Archives

What is unfair competition in business?

For Mississippi residents hurt by deceptive or unfair trade practices, consumer protection laws are allowing them to seek remedies such as payment for damages and a halt to the action that caused injury. Unfair competition in the business world affects organizations by infringing on their work in some manner such as intellectual, creative and economic efforts.

Reviewing Mississippi's stance on non-compete agreements

Like many working professionals in Hazlehurst, you likely have ambitions to progress in your career. That progression might come from moving on to a more advanced position with another organization, or breaking away and starting your own business. Your employer may, however, view your growth as potentially coming at its expense. Such a scenario might prompt your boss to ask you to sign a non-compete agreement (either as an initial condition of your employment or when you are leaving). Many of those that we here at the Shannon Law Firm, PLLC have worked with in the past have agreed to such covenants, only to later find their terms to be extremely restrictive. 

What does "termination for convenience" mean?

Say that you have a contract with a business partner in Hazlehurst. One day, out of the blue, you receive a communication that said partner is terminating your agreement. It does not offer any reason that would qualify as cause for ending a contract, but rather cites that it is ending the deal for its convenience. Can a contracted partner legally do that? 

When do I need a non-disclosure agreement?

When operating a business in Mississippi, you will frequently need to enter into contracts for a variety of reasons. One of the types of contracts you may want to familiarize yourself with is the non-disclosure agreement, also called a confidentiality agreement.

Can you get out of a contract?

If most of your business transactions in Hazlehurst are executed by way of contracts, then you know firsthand of the security that comes from having such agreements in place. You know that your contractual partner is bound to complete his or her terms provided you are able to fulfill yours. Yet what if you are put in the position (either due to a failure by your partner to deliver on its promises or to the needs of your organization) of needing to terminate a contract? Can you do so legally? 

The details of deceptive trade

Millions of Mississippians receive ambiguous mail or phone calls on a regular basis. These messages often inform recipients that they are winners of a prize, are eligible for free products or other types of gimmick-oriented content. There are, of course, sweepstakes and other promotional material that are legitimate. Yet when a consumer cannot decipher between valid advertising and deception, the legal processes that may ensue can become complex and overwhelming.