How can Partnership Disputes be avoided? | Virginia Business Attorney

Ryan C. Young, Esq.
How can Partnership Disputes be avoided? | Virginia Business Attorney
The best way to prevent a partnership dispute from happening in the first place is through a written agreement. Typically, this is done at the beginning of the business venture. However, it is never too late to enter into a written, binding agreement with your business partner(s)! Read More

Most Common Reasons for Partnership Disputes in Virginia | Business Attorney

Ryan C. Young, Esq.
Most Common Reasons for Partnership Disputes in Virginia | Business Attorney
WHAT IS A PARTNERSHIP DISPUTE? Starting a business on your own can be a very daunting task, so partnering with a friend or colleague can help relieve a lot of stress. After all, two minds think better than one. However, what happens when those two minds are thinking on completely different pages? This is when a partnership dispute occurs. A... Read More

Non-Compete Agreements in Virginia Employment | Ryan C. Young | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Non-Compete Agreements in Virginia Employment | Ryan C. Young | Richmond, Virginia Attorney
Non-Compete Agreements in Virginia Employment The use of non-compete agreements has been a growing trend in Virginia and across the country in recent years. More and more Virginia employers are requiring their employees sign a non-compete agreement. This is true even when the employee isn’t highly skilled or in upper management. At the same time, there is a growing concern... Read More

Contract Law: What is the Statute of Frauds in Virginia? | Ryan C. Young | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Contract Law: What is the Statute of Frauds in Virginia? | Ryan C. Young | Richmond, Virginia Attorney
Contract Law: What is the Statute of Frauds in Virginia? The Statute of Frauds in Virginia is quite simply a provision to identify specific instances where a written contract is required. In other words, the Virginia legislature has determined that an oral agreement will not be enforceable in certain instances. Virginia is not unique in this regard. The purpose of... Read More

Enforceability of Non-Compete Agreements in Virginia | Ryan C. Young | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Enforceability of Non-Compete Agreements in Virginia | Ryan C. Young | Richmond, Virginia Attorney
Non-compete Agreements in Virginia The enforceability of a non-compete agreement in Virginia depends greatly on the specific terms of the agreement.  Many times, clients will come to me and ask for a clear determination of whether a non-compete agreement will be upheld. The problem is that there is no clear rule and the Virginia courts will look to many factors... Read More

Due Diligence When Buying a Business in Virginia | Ryan C. Young | Richmond, Virginia Business Attorney

Ryan C. Young, Esq.
Due Diligence When Buying a Business in Virginia | Ryan C. Young | Richmond, Virginia Business Attorney
What does due diligence entail when buying a business? So, you’ve decided to take the plunge and purchase an existing business.  Congratulations! Before you sign anything, you have the opportunity to research the company to verify that it is a good investment. The generally accepted term for this type of research is due diligence. This is your chance to look... Read More

Judicial Dissolution of an LLC in Virginia | Ryan C. Young | Richmond, Virginia Business Attorney

Ryan C. Young, Esq.
Judicial Dissolution of an LLC in Virginia | Ryan C. Young | Richmond, Virginia Business Attorney
What happens if LLC Members cannot agree?  In Virginia, a Limited Liability Company (LLC), may be dissolved for many reasons, but when there are irreconcilable differences between or amongst owners (members), judicial intervention may be the only remedy.  A member may, in accordance with the operating agreement and articles of incorporation, petition a court of competent jurisdiction for dissolution.  In... Read More

Direct vs. Consequential Damages in Virginia Breach of Contract Litigation | Ryan C. Young | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Direct vs. Consequential Damages in Virginia Breach of Contract Litigation | Ryan C. Young | Richmond, Virginia Attorney
Two Broad Categories of Damages in a Virginia Breach of Contract Lawsuit There are two broad categories of damages ex contractu: direct, or general, damages and consequential, or special, damages. Direct damages are those which arise “naturally” or “ordinarily” from a breach of contract; they are damages which, in the ordinary course of human experience, can be expected to result from a breach. Consequential damages are those which arise from the intervention of “special... Read More

Virginia Contract Litigation: Forum Selection Clause | Ryan C. Young | Richmond Litigation Attorney

Ryan C. Young, Esq.
Virginia Contract Litigation: Forum Selection Clause | Ryan C. Young | Richmond Litigation Attorney
What is a forum selection clause? A forum selection clause is used in a contract to designate the location, process, and/or court that will resolve any legal disputes that may arise between the parties named in the agreement.  These clauses range from very specific to extremely broad and all encompassing. A specific clause would indicate the type of court (state/federal)... Read More