A business contract isn't just a piece of paper. It's a document that explains who you are doing business with, what type of business will be conducted and much more.
Business people are always looking for ways to increase profits through investments. One common way of making money with investments is through investing in commercial real estate. This type of investment can have a high profit potential for the right situation. One company believes it has found this right opportunity and has decided to purchase a business park property in California.
Mixed martial arts, otherwise known as 'MMA,' has seen a rapid increase in popularity over the last several years. With this increased popularity comes large revenue-earning potential for those in the business. This includes not only the fighters, but also the companies which promote the MMA events. However, this also means there is more at stake in contract dispute issues that could potentially arise. This is the case with a recent dispute between Bellator MMA, based in California, and one of its fighters, Eddie Alvarez.
When a business forms a legal contract with another entity, the business will more than likely have the right to demand payment as long as it fulfills its part of the bargain. Whether the business is a for-profit or non-profit enterprise, it should still be able to enforce a legally-valid contract in California or anywhere else. This would also include contracts with government entities. However, one non-profit company is currently in a contract dispute with a city government for non-payment for services rendered.
Businesses in California and elsewhere may find themselves in a dispute when it comes time to renew a contract. The different parties involved in the contract may not necessarily agree to keeping the same terms moving forward, and negotiating a new set of terms may prove difficult. Recently, Amazon has found itself in a contract dispute with six of the major publishing companies.