Most contracts have a force majeure clause stating that if a force majeure occurs then the parties’ contractual obligations are waived.

The Coronavirus (COVID-19) has wreaked havoc not only on people’s health, but also on the North Carolina state economy and businesses.

If one of the parties to a business settlement agreement is not abiding by their promises, what do you do?

In some situations, there is no way to avoid a lawsuit, but here are at least five ways to keep your NC business dispute out of court.

Our firm regularly litigates business law cases in North Carolina. Having the information on your state business laws can be helpful.

There are generally two ways to purchase an existing business, an asset purchase and a stock purchase (or share purchase).

Under North Carolina law, directors are required to exercise good faith, do care, and loyalty, in the course of their actions.

The North Carolina Business Corporation Act gives shareholders what are called “inspection rights,” the right to inspect records of business

The North Carolina Unfair and Deceptive Trade Practices Act prohibits businesses from engaging in unfair or deceptive practices.

If you are a business owed an unpaid debt, how do you go about collecting it through the legal system in North Carolina?

Every North Carolina Corporation is required to have meeting of its shareholders. This usually occurs once a year. Find out what's involved.

The North Carolina Business Court was established to deal with complex business issues that arise in the Superior Courts of North Carolina.

Though corporate bylaws are often complex, there are four fundamental parts that form the foundation of any set of bylaws.

This post explains what a close corporation is and how it differs from a public corporation or other types of corporations.

Many of fundamental concepts of franchising are applicable to virtually every business. Efficiency. Systems. Operations. These are the key.

Who is owed a fiduciary duty? We previously wrote a post involving a lawsuit for breach of fiduciary duty, and gave the definition of...

If you are a minority member of an LLC (that is, you own less than a 50% interest in the LLC), there are ways to protect your interest.

A recent decision from the North Carolina Business Court highlights the distinction between an individual claim for breach of fiduciary duty

Under North Carolina law do limited liability companies (LLCs) need to have operating agreements like corporations.

The North Carolina Business Court has dismissed a lawsuit brought by a 50% owner of a corporation reiterating key principles.