Numerous businesses impacted by COVID-19 are searching for relief wherever they can find it. Difficult decisions are being made with respect to layoffs, lease or mortgage payments, and federal loan assistance as companies attempt to navigate the current environment. One area generating increased attention is whether a company’s contract provisions create either an obligation or…
Many companies carry business interruption insurance as a component of their first-party property insurance or as a freestanding policy. Such coverage protects against losses sustained during periods of suspended operation due to various events and damage. Although there is no doubt that operations and business has been suspended across countless industries in recent months, business…
Walker v. North Carolina State Board of Dental Examiners and Its Meaning for Professional Licensees in North Carolina North Carolina currently has fifty-five occupational licensing agencies. These agencies regulate professions including law, medicine, engineering, surveying, therapy, and real estate. Generally, the agencies regulate their particular professions by enforcing rules of ethics and practice. Their rules are…
North Carolina law requires corporations and limited liability companies to file an annual report with the Secretary of State on or before April 15th of each year following creation. The information contained in the annual report includes, among other things, the name of the corporate entity, the nature of its business, and current information regarding…
From lengthy and formal purchase and sale or lease agreements to nondisclosure agreements and employment agreements, written contracts are a routine part of the day to day operations of most businesses. By making sure your contracts are clear and accurate before you sign, you can eliminate a significant amount of risk should things not go…
In the information economy, managing employee knowledge is critical. Recent labor trends of decreasing employee tenure only heightens the importance for businesses and employers to take pro-active steps in protecting sensitive information and relationships developed in the course of business from frequent employee turnover. Regardless of industry, employment agreements such as non-competes and non-solicitation agreements…