Small business owners just starting to dip their toes in the generative AI waters need to be cognizant of its potential downsides and benefits before immersing themselves.
Notwithstanding the ubiquity of “blanket” purchase orders throughout many supply chains, the Michigan Supreme Court has declared they are unenforceable if they do not set forth specific quantities.
A recent U.S. Supreme Court decision may result in corporations facing lawsuits in every state they do business, even in cases unrelated to that state.
In a case with implications for anyone who uses emojis, a Canadian court recently ruled that a thumbs-up emoji in a text message can form the basis of a legally binding contract.
While minority shareholders in closely held Michigan corporations may not have control, they do have rights when the majority engages in shareholder oppression.
Given the threat to a business posed by a stalemate between owners, clear deadlock provisions should be included in their governing documents.