Virginia Business Dissolution: What happens when business co-owners can’t agree? | Ryan C. Young | Richmond, Virginia Attorney

Virginia Business Dissolution: What happens when business co-owners can’t agree? | Ryan C. Young | Richmond, Virginia Attorney
Virginia Business Litigation Attorney: When business partners can’t agree, what happens with the business? Note: In this article, I use the term “partner” and “partnership agreement” loosely. The rules governing each are slightly different. For example, dissolution of a general partnership will be slightly different than for a stock corporation. Business partnerships can go wrong for many reasons.  When you are in... Read More

Virginia Employee Law: Employee Duty of Loyalty to Employer | Ryan C. Young | Richmond, Virginia Business Attorney

Virginia Employee Law: Employee Duty of Loyalty to Employer | Ryan C. Young | Richmond, Virginia Business Attorney
Matthew 6:24: “No one can serve two masters.”* *I did not include the Bible verse above in an attempt to win converts. This verse (or at least the concept) has often been used by Virginia courts in the past when explaining the common law duty of loyalty that an employee owes to their employer. When a job applicant is searching for employment,... Read More

Non-Disparagement Clause in a Contract | Ryan C. Young | Civil Litigation and Contract Attorney in Richmond, Virginia

Non-Disparagement Clause in a Contract | Ryan C. Young | Civil Litigation and Contract Attorney in Richmond, Virginia
If you’re a party to any kind of contract in the state of Virginia, you’ll want to learn about non-disparagement clauses. These can appear in all kinds of contracts, and you may see one if you’re an employee or if you and another person are partners for any reason. Additionally, you may see this kind of clause if you receive... Read More

Virginia Contract Law: Damages in Breach of Contract Litigation | Ryan C. Young | Richmond, Virginia Attorney

Virginia Contract Law: Damages in Breach of Contract Litigation | Ryan C. Young | Richmond, Virginia Attorney
When two parties sign a contract in the state of Virginia, that document represents an exchange that is expected to be made. If you’re a homeowner and you sign a contract with a contractor to build a new deck on the back of your house, for example, the exchange is very simple: you will pay the contractor a specified amount... Read More

Brief Overview: Virginia Uniform Trade Secrets Act | Ryan C. Young | Richmond, Virginia Attorney

Brief Overview: Virginia Uniform Trade Secrets Act | Ryan C. Young | Richmond, Virginia Attorney
With the Commonwealth of Virginia’s adoption of the Virginia Uniform Trade Secrets Act (also commonly referred to as the VUTSA), many people have begun to wonder exactly how it will affect the business environment that they operate in on a daily basis. At its core, the Act was designed to both protect innovation by companies that depend on such advancements... Read More

Defenses to Trade Secret Litigation in Virginia | Ryan C. Young | Richmond, Virginia Attorney

Defenses to Trade Secret Litigation in Virginia | Ryan C. Young | Richmond, Virginia Attorney
Trade secrets are vital to many business interests and thus important to the American system of commerce. Trade secrets are one of the unique products of a business that may set that company apart from its competitors. In the interest of fostering competition, the government and the law has an interest in helping institutions protect their trade secrets. In the... Read More

Legal considerations when buying an existing business. | Ryan C. Young | Small Business Attorney | Richmond, Virginia

Legal considerations when buying an existing business. | Ryan C. Young | Small Business Attorney | Richmond, Virginia
Buying an existing business can be enormously rewarding. You won't face the challenges of establishing a company from scratch, along with the massive time commitments needed to create dynamic business plans, finding lenders or investors--or both--and all the minutia of launching a business from ground up. Read More

Legal considerations when transferring your business to a successor. | Ryan C. Young | Business Legal Planning | Richmond, Virginia Attorney

Legal considerations when transferring your business to a successor. | Ryan C. Young | Business Legal Planning | Richmond, Virginia Attorney
Business succession planning is a critical, but often overlooked, factor in companies having long-term viability. If you are the primary owner and officer of a business, having a successor is even more vital. According to a recent article in Entrepreneur Magazine, over 25 percent of family-owned businesses lack written succession plans. Even those owners facing their senior years, have yet... Read More

Planning a legal exit strategy for your business. | Ryan C. Young | Richmond, Virginia Attorney

Planning a legal exit strategy for your business. | Ryan C. Young | Richmond, Virginia Attorney
You Need a Business Legal Exit Strategy When you have partners or co-owners in your business, you should create an exit strategy to extricate yourself from the company in a legal, workable manner. If you never envisioned leaving this business after you founded it, take heart. You’re not alone. Few entrepreneurs consider ever leaving a business they create. However, many... Read More

Virginia Employers: It’s important to have a written alcohol policy in place for your employees. | Ryan C. Young, Attorney | Richmond, Virginia

Virginia Employers: It’s important to have a written alcohol policy in place for your employees. | Ryan C. Young, Attorney | Richmond, Virginia
Employees drinking on the job. Concern over employees drinking on the job is actually a common concern that I hear about. When I counsel employers, I always ask them what their feelings are towards drugs and alcohol. Obviously, the overwhelming majority of employers are not going to allow their employees to actively use illegal drugs while in the workplace. At... Read More