Maryland business law outlines common liabilities faced by companies. This includes but isn’t limited to concepts such as employee-based occurrences, commercial bankruptcy, and breach of contract. Through these laws, business owners are protected against actions, which could harm their reputation or cause them to sustain a financial loss.
Employee-Based Occurrences in Business Law
Among the most common employee-based occurrences are discrimination and sexual harassment. These concepts could entitle an employee to seek damages from the business, when these circumstances are not remedied. This includes cases in which an individual was denied employment due to race, gender, or sexual orientation. In instances in which sexual harassment was the cause of the lawsuit, it is indicated that the employee believes they are working in a hostile work environment due to unwelcome sexual assault or advances.
Filing Commercial Bankruptcy
Business Law in Annapolis MD defines the terms in which companies must follow to file for bankruptcy successfully. Chapter 7 is the form of bankruptcy used by commercial businesses. It allows them to liquidate key assets to settle debts. In these cases, the company must shut down until the case is discharged. The process requires up to six months to complete. A trustee is assigned to sell the property and distribute funds to their company’s creditors.
What is Breach of Contract?
In these instances, a customer has filed a claim against the company due to failure to fulfil a contractual obligation. This could consist of a product failure or a service, which wasn’t performed up to expectations. In these proceedings, the contract is reviewed and the project or product is evaluated for quality.
This concept also applies to construction projects in which the work didn’t represent the quality expected. If the court determines that the contractor didn’t fulfil their obligations, they must repair any flaws discovered. The alternative of this action is to refund the purchase price to the customer.
Business Law in Annapolis MD outlines a wide spectrum of occurrences, which happen during the operation of a company. It provides clarity for lawsuits, tort laws, and standards. If your company is facing a lawsuit or needs assistance in these matters, you should contact your preferred attorney today. You can visit website domain or their Facebook page for more information.
