How Detrimental Reliance Allows for Recovery Without a Contract
Litigation By Binnall Law Group - 2020/11/30 at 11:59am
Get the Help You Need from an Alexandria Business Attorney If you were engaged in a pseudo-contract with another party when they “backed out” of the agreement and caused you to suffer losses, you may be concerned that you have no options for recovery. After all, the other party is likely to argue that there was no actual contract, and as such, they are not liable for damages. Fortunately, plaintiffs do have a path to recovery through the legal principle of detrimental reliance. How does it work? Let’s take a closer look. Detrimental Reliance Basics Our Alexandria business attorney knows […] Read More
When Does a Delay Constitute a Contract Breach?
Business and Commercial DisputesLitigation By Binnall Law Group - 2020/11/02 at 11:48am
Work With an Experienced Alexandria Commercial Litigation Lawyer If you are involved in a contract dispute in which the central issue concerns the “timeliness” of performance, then you may be confused about whether the failure to perform one’s contract responsibilities in a timely manner could qualify as a breach. Contracts vary quite significantly depending on the circumstances — with some contracts, a slight delay would hardly be considered a problem. With other contracts, our Alexandria commercial litigation lawyer knows that a slight delay could lead to a domino effect of losses that seriously impact the other party. Let’s take […] Read More
Is Your Trade Secret Legally Entitled to Protection?
Litigation By Binnall Law Group - 2020/01/17 at 12:07pm
Experienced Business Litigation Attorney in Alexandria, VA Many business owners are confused as to the legal protections granted to trade secrets, and whether their specific “secretive” information will be entitled to such protection. Under the law, protected trade secrets may not be misappropriated by third-parties — should that happen, the business (that owns the trade secret) will have a right of action for damages. It’s important to recognize that a trade secret must meet the following criteria to entitle its owner to protection under the law: It must be economically advantageous; It must be confidential; and Reasonable efforts must have […] Read More
Bringing a Lawsuit for the Misappropriation of Trade Secrets
Litigation By Binnall Law Group - 2020/01/03 at 11:55am
Experienced Business Litigation Attorney in Alexandria, VA Businesses cannot always rely on patents or copyright to protect their intellectual property. In some cases, information valuable to the company — perhaps even central to its business proposition — is kept shrouded in secrecy and protected. Legally speaking, these protected secrets are referred to as “trade secrets.” One popular example of a trade secret is the original Coca-Cola soda recipe. If Coca-Cola did not exclusively control the recipe, then the value of their branded product would drop precipitously, as others could simply copy and reproduce their product. Fortunately, the law provides businesses […] Read More