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What is Theft of Corporate Opportunity?

What is Theft of Corporate Opportunity?

Corporate directors and officers owe a fiduciary duty to the company not only to safeguard business assets — but they also cannot usurp business opportunities for personal gain. Closely related to self-dealing, the corporate opportunity doctrine precludes corporate...

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What is Self-Dealing in Business?

What is Self-Dealing in Business?

Business partners, officers, and directors of a corporation all owe fiduciary duties of loyalty and good faith to the company and must act in the company’s best interests. Self-dealing occurs when a fiduciary puts their own interests above those of the company to...

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When is an ESI Demand Unduly Burdensome?

When is an ESI Demand Unduly Burdensome?

With the widespread use of computers, tablets, cellphones, and other devices to store data, ESI (short for electronically stored information) is a crucial part of commercial litigation. Since ESI often encompasses a vast amount of information, any demands made for the...

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Why Business Owners Should Beware of Boilerplate Documents

Why Business Owners Should Beware of Boilerplate Documents

Nothing can land your business in legal hot water faster than a boilerplate document. No matter how generic you think the deal or transaction you’re entering into is, boilerplate documents can often have terms unfavorable to you — or leave out essential provisions. In...

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What are the Benefits of Having Outside General Counsel?

What are the Benefits of Having Outside General Counsel?

Whether you need to wire funds to New Zealand or have a manic moment at 4 a.m. — no question is too strange, and no hour is inappropriate to call upon outside general counsel. While every company regularly faces legal, compliance, and regulatory issues, not every...

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What Are Bylaws?

What Are Bylaws?

Bylaws are the rules by which a corporation governs itself. Bylaws are established by the Board of Directors at the time of formation to regulate the company’s day-to-day operations and specify how issues will be handled as they arise. Simply put, they help to ensure...

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