Consumers in Alberta and across Canada typically enter into several contracts each day without even realizing it. Buying property and obtaining a mortgage is a contract entered into with the bank; starting a new job involves the signing of an employment contract, and purchasing items is also a contract. When either party violates the terms or conditions of a contract, the best person to contact would likely be a lawyer with experience in business and commercial law. Regardless of the type of contract signed, it needs to contain six essential elements to make it legally binding.
The Canadian Radio-television and Telecommunications Commission monitors the marketing methods of businesses in Alberta. One of the many business laws with which business owners must comply deals with unsolicited communications. The regulations aim to protect the interests of the Canadian public by regulating and supervising telecommunications and broadcasting activities.
When consumers are faced with long lists of terms and conditions, many tend to agree without bothering to read it. Though commercial laws serve to protect both consumers and businesses in Alberta, and across Canada, not all business owners comply with established standards. Terms and conditions can serve to contain important details about the company and its protocols, while also serving the interests of the consumers.
With the holidays approaching, along with the increased commercial pace, fraud will likely be rampant. Business fraud is something that costs businesses in Alberta and across Canada millions of dollars each year. Fending off business fraud requires vigilance and plans that involve owners and staff members. Fraudsters are enterprising, and they will always come up with new, more innovative strategies to get past that first line of defence to gain access to emails, social media and more.
One of the most important considerations when establishing a new company in Alberta is how to set it up properly. There are several options for business structures, including partnerships, proprietorships and corporations. In partnerships, liability is unlimited because each partner is personally responsible for business debts. The tax returns of each partner must include their personal and partnership incomes. It is also a good idea to consider the type of relationship that exists between partners to identify potential decision-making problems.
Many Alberta business owners have suffered the financial consequences of insufficient protection of their trade secrets. Anything that can adversely affect a business if it becomes public knowledge can be regarded as a trade secret. Business law does not protect confidential information, but many ways exist to protect trade secrets.
When a business in Alberta becomes involved in disputes with consumers, the damage it can cause can have severe financial consequences. Allegations may include franchise disputes, breach of contract, misrepresentation, fraud or unfair business practices. The sensible thing to do would be to prevent such problems, and if they do arise, it is best to seek legal counsel to assist with resolving the issues.
The divorce process can give rise to a variety of disputes, most of which can be resolved with the help of family law lawyers. However, dealing with the division of business assets in an Alberta divorce could be challenging, and it is a process that likely needs the support and guidance of a lawyer who has experience in business and commercial law. A perfect example of such circumstances is the recent divorce of Jeff Bezos, the CEO of Amazon, and his wife of 25 years, MacKenzie.
Every business in Alberta, regardless of its size, is vulnerable when it comes to scams. For this reason, it is essential for business owners to remain alert and keep their eyes open for any red flags that could prevent the typical damages caused by business scams. Fortunately, lawyers who focus on business and commercial law issues can provide valuable advice related to these issues.
Litigation is an expensive process that could be financially devastating to any Alberta business. For this reason, many business disputes are resolved through arbitration. The primary difference between the two methods is that a judge orders the resolve in litigation, while arbitration enables the parties to find resolution through a process that suits their individual needs.