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Non-Disclosure Agreements (NDAs) play a crucial role in safeguarding your business’s confidential information. In this blog post, we will provide you with a comprehensive guide on NDAs, their importance, and how they can protect your valuable trade secrets. As a leading Business Law firm in Minneapolis, MN, MKT Law, PLC understands the significance of NDAs in today’s competitive landscape. Let’s dive…
MKT Law recently represented a frozen-out minority shareholder-employee in a successful road construction-related business. Below is the sequence of events that led to our client’s need for legal services and how we supported them. Our Client Became an Equal Shareholder in Their Business In early 2008, three soon-to-be business partners left their current jobs and started the business. Two partners…
Do you suspect your business partner is stealing money from the company’s bank account? Are jobs you should be getting not being signed up and you think are diverted somewhere else? Does it seem like your partner is taking more than his fair share in expenses, perks or draws? Or maybe your partner isn’t pulling his weight like you agreed…
When the student challenges the master in a Hollywood movie, it is usually a feel-good moment that leaves the audience rooting for the underdog to win. When it happens in the world of business, however, the situation is sure to be more complicated, have higher stakes, and leave both sides feeling apprehension about what to do next. MKT Law in…
A European skincare company – which will remain unnamed at this time due to case confidentiality – that manufactured high-end skin moisturizing products wanted to enter the American market. It signed a contract that was an exclusive distribution deal with a distributor headquartered in New York – also with its company name withheld for confidentiality reasons – to introduce the…
Whether you are a shareholder in a closely-held corporation, one half of a partnership, or a member of a limited liability company, you and your business partners owe each other a lot. You are supposed to put the business’s interests before your own. You are supposed to be loyal. You are supposed to act in good faith. Likewise, your fellow…
The changes shared in part one and two of our three part series are certainly significant, but there are other changes coming with the New Act. In our third and final blog post to wrap up this series, we address six other points of interest that will impact LLCs throughout Minnesota. What else does the New Act change about LLCs?…
Part one of our series introduced the New Act that has a direct impact on all LLCs in Minnesota. While derivative claims are a large part of this New Act, that’s not all that will change beginning August 1. Dissenter’s rights are uniquely affected by the law and can be a good thing or a bad thing for your company,…
Coming this summer to a business near you, you will see a brand new limited liability company organized under Minnesota law. After August 1, 2015, all LLCs in Minnesota will be organized under the newly enacted Minnesota Statutes, Chapter 322C a/k/a the Minnesota Revised Uniform Limited Liability Company Act (the acronym is obnoxiously long so we’ll just call it the…
It’s not SPAM — It’s a SCAM! So many fraudsters in the world. Don’t ever think that attorneys aren’t as vulnerable as anyone else. Maybe more so. Cons play on typical human emotions and behavior: Greed, Lust, Naivety, Compulsions, Gullibility, Faith, Compassion and the list goes on. I can usually spot them a mile away. If I have time, I’ll…