For a variety of reasons, businesses in Nevada and throughout the country often find that they need to execute confidentiality agreements, either with another entity or with an employee. These types of agreements allow a business to divulge sensitive information with the comfort of knowing that the party receiving the information is bound, in writing, not to share the information with anyone else.
Many business relationships are founded on a simple idea: trust. That is the same for businesses in our state. Unfortunately, there are times when the trust between the two sides of deal or contract can be ruptured. Fraud allegations can certainly cause this type of fracture in the relationship.
There aren't many business leaders in Nevada who enter into contractual relationships with other entities thinking "This isn't going to work out." On the contrary, most business relationships are developed through good faith negotiations and soundly drafted contracts. However, sometimes a breach of contract issue arises no matter how well the business relationship is going.
A previous post on this blog talked about how mediation can be an attractive alternative to a business owner who finds himself or herself either needing to pursue a legal claim against another business or who is on the receiving end of a lawsuit related to a commercial or other business transaction.
Business litigation can arise a number of different contexts. For example, a Henderson, Nevada, business might have a dispute with their property insurer over a claim for damages to their building. In other cases, a title insurance issue, such as something involving a boundary dispute, water rights or the like, may spark litigation.
Any Nevada business, no matter its size, is going to want to take steps to protect its trade secrets and other information that is uses to stay competitive. Not only is this a way of preserving a business's ability to make a profit, it also is a matter of justice when a Henderson resident has employed his or her time and talent to develop new and creative ideas.
As is the case with businesses across the country, small and mid-sized organizations in Henderson and the greater Las Vegas area are always looking for something distinctive to set their businesses apart from the competition.
What started as a dispute between the owners of a Las Vegas area golf course and the City Council over the golf course's proposed development has turned in to a federal lawsuit.
Shareholders of stock in Wynn Resorts Ltd., a company which is a big player in Nevada's popular gambling and resort industry, have filed a derivative action against both the very corporation in which they hold stock as well as the board of the corporation.
A previous post on this blog discussed the concept of business torts. To summarize the concept, business torts are part of Nevada law that help protect business owners from dishonest or underhanded competition from their rivals. The goal of business torts is to help ensure a level playing field for all business in the Las Vegas area and throughout this state.