Defining the Material Breach of a Contract
August 21, 2018When you enter into a contract for goods or services, you expect the other party to honor that contract in good faith. The other party’s unexpected breach, however, can significantly disrupt and stall your business plans and cause serious losses. To recover on a claim for breach of contract, the plaintiff must sa…
DetailsWhen Can a Corporation Force a Buy-out of a Dissenting Shareholder?
August 17, 2018In intra-company disputes, a shareholder can file a lawsuit seeking an involuntary judicial dissolution of the corporation. Under A.R.S. § 10-1430(B), a dissenting shareholder can bring an action for judicial dissolution if he or she believes that corporate assets or being wasted, misapplied, or diverted in a mann…
DetailsWhat is a Forced Buy-Out?
August 10, 2018Disputes among shareholders can lead to the dissolution of a corporation, either through court action or agreement. Since the shareholders already disagree on major issues related to corporate operations, the likelihood that they will agree on the terms of a corporate dissolution are slim. For example, it may not b…
Details