Navigating business and contractual disputes is an important skill for any entrepreneur or business owner. These disputes can arise from misunderstandings, disagreements over contract terms, or failures to fulfill contractual obligations. Understanding the essentials of how these disputes are handled legally can help you protect your business interests and maintain professional relationships. Common Causes of Business and Contractual Disputes Business and contractual disputes can stem from a variety of issues, but common causes include: Breach of Contract: This occurs when one party fails to fulfill any contract term without a legitimate legal excuse. Contract Interpretation: Disagreements might arise over[...]

Corporate shareholder rights are essential elements of corporate governance, ensuring that those who invest in companies have a voice in their operation and oversight. These rights not only protect investors but also play a critical role in the health and governance of the corporation itself. Understanding these rights can help shareholders ensure they are receiving the benefits and protections due to them under the law. Basic Rights of Shareholders At its core, shareholder rights encompass several key privileges: Voting Power: Shareholders typically have the right to vote on major corporate decisions, including the election of board members, mergers, and[...]

If you own a share of a privately held business, your rights are largely determined by your operating and purchase agreements.  Where an operating agreement does not address an owner’s rights, North Carolina Law often steps in to provide “default” provisions or rights. However, your rights as a shareholder vary based on the portion of the company that you own. This article will consider some of those statutory rights for “qualified minority” shareholders, meaning those who own between 5% and 50% of a company’s shares or have owned less than 5% for at least six months. If you are[...]