Running your own business can bring autonomy and financial success, but the risk and liabilities of interacting with clients, making your own product, and navigating the business world can open you up to numerous lawsuits. It is always best to have a working relationship with corporate legal consultation Hannibal MO offices in the event a claim is filed, but knowing the common risks are another way to reduce your liabilities.
Breach of Contract
With a legal suit filed under breach of contract, it means your client or a vendor feels that your business did not carry out the terms specified in a signed contract. The terms may have been concerning payment for goods and services, delivering damaged or incorrect goods, stealing a trade secret, or not honoring a warranty.
Personal Injury and Accidents
Anytime someone slips or falls on your property, whether the ground was wet or they tripped over …